ECON 1 Lecture Notes - Lecture 32: Reverse Logistics, Apics, Assignment Problem
Document Summary
20. 05. 15: companies depend on their logistics system to move goods & materials among sc partners and to manage information flows necessary to carry out these tasks, covers wide range of business activities, transportation, warehousing, material handling, packaging. Cogs logistics can also have impact on other performance dimensions e. g. delivery speed logistics systems often interface directly with customers, therefore they can have considerable impact on overall customer satisfaction: logistics decision areas. Logistics include: physical flows e. g. transportation, warehousing ->major role in determining overall performance in terms of cost, delivery, flexibility. 5 widely recognized transportation modes: highway, dominates u. s. logistics infrastructure, dominant because, geographic extensions of supply chains: relationships with nonlocal suppliers & customers, highway traffic increased. Ideal for materials with high weight-to-value ratio; especially if delivery speed is not critical (e. g. farm products, timber, etc. : one of lowest ton-miles rates helps to hold costs down, air.
