Current Trends in Logistics
Other significant trends (cont.)
•Other stock reduction methods
–One approach uses just-in-timeoperations to co-ordinate activities and minimise stock levels.
–Another approach has vendor managed inventory, where suppliers manage both their own stocks and those held further down the supply chain
•Increasing environmental concerns
•More collaboration along the supply chain
Three main themes
•The first looks for a more efficient flow of materialsthrough the supply chain.
•It might, for example, give faster deliveries, reduce stock levels, reduce handling, or give lower costs.
•This approach is characterised by lean logistics, which grew from the ideas of lean operations, and tries to remove all waste from the supply chain. It focuses on efficiency.
Three main themes
•The second theme has logistics becoming more flexible and responsive.
•It might, for example, give a customised service or respond quickly to changing demands.
•This approach is characterised by agile logistics, which focuses on customer satisfaction.
Three main themes
•The third theme looks at increasing integrationof the supply chain.
•Organisations cannot work in isolation, but must co-operate with other organisations in the supply chain to achieve their wider objectives.
Current Trends in LogisticsOther significant trends (cont.)•Other stock reduction methods–One approach uses just-in-timeoperations to co-ordinate activities and minimise stock levels.–Another approach has vendor managed inventory, where suppliers manage both their own stocks and those held further down the supply chain•Increasing environmental concerns•More collaboration along the supply chainThree main themes•The first looks for a more efficient flow of materialsthrough the supply chain.•It might, for example, give faster deliveries, reduce stock levels, reduce handling, or give lower costs.•This approach is characterised by lean logistics, which grew from the ideas of lean operations, and tries to remove all waste from the supply chain. It focuses on efficiency.Three main themes•The second theme has logistics becoming more flexible and responsive.•It might, for example, give a customised service or respond quickly to changing demands.•This approach is characterised by agile logistics, which focuses on customer satisfaction.Three main themes•The third theme looks at increasing integrationof the supply chain.•Organisations cannot work in isolation, but must co-operate with other organisations in the supply chain to achieve their wider objectives.
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