Logistic and Supply Chain Management Chapter 1 Introduction Introduction
Added on 2021-02-18
18 Pages3833 Words453 Views
Logistic and SupplyChain management
Table of ContentsChapter 1 Introduction.....................................................................................................................1Background..................................................................................................................................1Rationale of study........................................................................................................................2Objectives....................................................................................................................................2Scope............................................................................................................................................2Chapter 2 Literature review.............................................................................................................3Chapter 3 Research Methodology...................................................................................................9Research design...........................................................................................................................9Data collection.............................................................................................................................9Chapter 4 Proposed Analysis.........................................................................................................10Descriptive Analysis..................................................................................................................10Chapter 5 Proposed schedule.........................................................................................................11REFERENCES..............................................................................................................................13
Chapter 1 IntroductionBackgroundEvery company requires a systematic and proper logistics and supply management forinflow and outflow of goods and services. They have a wide network of supply chain spread allover the world. Logistics are connected via road, water or airways. An organisation overallproduction efficiency depends on how effective is there supply chain management. Additionally,it shows how well a firm is able to serve their customers and in what time. The inflow andoutflow of products determine overall productivity of organisation. Any deviation in it results innon fulfilment of needs of business and market. It also influences on competitive advantagegained by enterprise in the market. Today many businesses are focusing on fast delivery of goodsthat is within 24 hours to their customers. for this they have implemented advance technologicaltools and equipment’s (Maldonado-Siman & et.al., 2015). This is done to satisfy and retain themfor long time. It is very important for enterprise to fulfil market demand in time to generate morerevenue. In present time, the logistic industry is dominated by third parties. They havecollaborated with big firms and created their own supply chain network. Moreover, there hasbeen huge development in logistic sector which has entirely transformed the performance ofcompanies. Singapore is a developed country and is highly involved in innovating infrastructure.The geographical location of country gives organisation an advantage to establish their logisticheadquarters. It has resulted in rapid growth and infrastructure. Singapore is competing withneighbouring countries like Japan, China, etc. who is having a strong network and chain ofsupply chain. It is hub of Asian continent as it strongly connected with neighbouring countries.This has boosted the growth of third party logistics companies. By integrating with competitors,it has been easy for them to ensure timely delivery of goods. It has improved supplierperformance. In technological era autonomous driving is a new concept that has emerged inlogistic and supply chain management. This has been beneficial in decreasing shortage ofdrivers. There is transformation in driving experience. Consequently, the concept has notimproved condition to such a great extent, but organisations and government are making effortsto implement it at large scale. In logistic department the truck drivers play a significant role. They are mainlyresponsible for delivery raw materials or finished goods from one place to another in specified1
time period (Williams Jr, Thomas & Liao-Troth, 2017). They ensure that there is no delay inbusiness operations. But the job of truck driver is very lethargic. It is because there is no or verylittle growth in this profession. Besides this, salary and wages given are not enough to fulfilneeds. So, many people work only for a short time period. This has resulted in shortage of truckdrivers in logistics. Companies are facing severe issue in retaining them. It has highly impactedon market supply. Apart from it, there is decline in growth of logistic sector as well. Despitedecrease in business productivity there is not change in movement of goods. It remains sameregardless of variation in fluctuation in production amount. Even the issue is still being faced bycompanies in logistics.Rationale of studyThis study will focus on finding out issues that is resulting in lack of driver in supplychain management. It will also describe why issue are occurring (Lieb & Lieb, 2016). Throughthis, companies engaged in logistics and supply chain will get an insight on measures taken tosolve it. The organisations efficiency has been declined due to ineffective logistic operations.Moreover, policies imposed by government of Singapore are not been properly followed. ObjectivesAim- To identify issues behind lack of truck driver in the logistic and supply chain industry andhow companies are trying to solve the issue.Objective To evaluate impact of lack of truck driver on company operations.To determine factors of lack of truck driver in logistic and supply chainTo evaluate strategies on how issue of lack of truck driver can be solvedResearch question Why there is lack of truck drivers in logistics and supply chain?How strategies can be implemented by companies to resolve this issue?Scope This research will be useful for organisation to develop an effective recruitment policy tohire drivers. Also, they can develop strategies to resolve issues of lack of truck drivers and whatmeasures can be taken to retain them for longer tenure. Besides this, it will be easy for enterpriseto identify why issue occurs and what other companies have done to resolve them. The result ofstudy can be used by firms engaged in other sectors like auto mobile, retail, etc. 2
End of preview
Want to access all the pages? Upload your documents or become a member.
Related Documents
Analyzing Supply Chain Management - Research Planning and Communicationslg...
|10
|2718
|320
Transport Logistics Course 2022lg...
|15
|3663
|10
Logistics and Supply Chain Managementlg...
|6
|2525
|13
Opportunities and Challenges of Mining Industrylg...
|11
|2954
|151
Impact of COVID-19 on Argos Growth in the Retail Sectorlg...
|9
|2542
|45