With the dates about the demand , GLC can evaluate the ofer that they need to handled the demand , and the way that they are gona do it , if they are going to do some hauls by trucks or by ships , how many workers they need to have , the schedudels that they are going to handled etc. All of these depend of the demand of both components. 2. What cost data would you need to make a rational decisión? the company need to evaluate the cost of : * Ship: they need to know how much is the cost of fuel, officials, and the cost of operating in each country or city.
These are considered to be the major functional department of any company- manufacturing, marketing, finance and logistics. Production manager should receive information from the logistics team and order processor. Flow of information should be integrated to have a note on fluctuating demand and ultimately help to reduce the waste. Functional capabilities are of requirement, which is interdependent in creating value for customers. For example, logistics should work closely along with production and marketing team to plan, integrate and coordinate their activities.
Explain how the influences of globalisation and costed based competition can impact on the operations process and valuate the importance of operations strategies in managing those A business has four main areas that are interdependent on each other to run the business smoothly and successfully. These areas are: Finance, Human Resources, Marketing and Operations. The one we are concentrating on today is operations. Operations is all about production. It is the process involving the transformation of inputs into outputs that is; turning resources and raw materials into final products ready for consumers.
Avion, Inc. 1. The different parts of the supply chain or value chain's departments associated with this problem are as follows: a. Avion, Inc. - Materials Management i. Their responsibility is to ensure that Production has enough material to meet manufacturing quota. They need to manage the relationship with suppliers and identify new suppliers if necessary. b. Avion, Inc. - Production i.
Logistics is important to carry people, equipment and vehicles from one place to another, supplying reinforcements where required. The economy is a crucial factor to maintaining the financial stability behind the gears of war. Ideology is the belief of why you go to war. All of these combine together to bring about a military campaign and take on side to victory over the other. However, how did they change over the span of nearly two centuries?
Vertical Chain: The production of any goods or services involves a lot of activities. The hierarchy beginning with acquisition of raw materials to the distribution and sale of finished goods and services is called the vertical chain of the firm. Fig1: Simplified vertical chain of multibrand retailer Tesco. Vertical chain of Tesco shows that goods reach the import centres or main Distribution centre from suppliers. It is transported to regional distribution center and from there to respective stores.
ROLE OF LOGISTICS MANAGEMENT IN SUPPLY CHAIN MANAGEMENT. *SEEMA VERMA JRF-NET, MBA, M-COM As logistics refers to logic that is working in supply chain as updated version that ensure efficiency and effectiveness in supply chain process. There is a need of logic to put in each and every component that are being used in supply chain, as supply chain starts from Vendor and ends at customer, as a key factor is the customer, whole exercise is done to provide better service to customer leading with on right time, at right place, In right quantity, with right quality and from right source. In reference of logistics goals that are in recent working effectively in business management are • Increased efficiency • Improved customer services • Increased sales • Improved relationship A whole supply chain consists of following major components- vendor/supplier, transportation, inventory, production, distribution, warehouse and customer. A co-ordination plays a crucial role in supply chain if there is absence of co-ordination no hope to come positive result that leads with customer satisfaction.
The supply chain council says this process spans from “the supplier’s supplier to the customer’s customer.” Plan Demand and supply planning and management are included in this first step. Elements include balancing resources with requirements and determining communication along the entire chain. The plan also includes determining business rules to improve and measure supply chain efficiency. These business rules span inventory, transportation, assets, and regulatory compliance, among others. The plan also aligns the supply chain plan with the financial plan of the company.
Reflection Paper: Chapter 1 The first topic is an overview about operations management. During the discussion I was able to understand more what is the importance of operations management in the success or failure of a business. It was said that operations management is the organization, coordination and control of the company’s resources in the production process of a product or service. Also the operations management helps in the transformation of the business inputs like raw materials and information into finished goods or service. Operations management is said to be one of the major functions in a business.
Financial management is concerned with the managerial decisions that result in the acquisition and financing of short term and long-term credits for the firm. a. Dividend for shareholders- Dividend and the rate of it has to be decided. b. Retained profits- Amount of retained profits has to be finalized which will depend upon expansion and diversification plans of the enterprise.