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Logistics and Supply Chain Management (Doc)

   

Added on  2020-02-24

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Running head: LOGISTICS AND SUPPLY CHAIN MANAGEMENTLogistics and Supply chain managementName of Student:Name of University:Author’s Note:Executive Summary

1LOGISTICS AND SUPPLY CHAIN MANAGEMENTTable of ContentsIntroduction:....................................................................................................................................2Inventory management and strategic planning............................................................................2Supply chain management in a globalised world........................................................................2Sustainable practice in supply chain management......................................................................3Managing inventory is Part 1.......................................................................................................4Supply chain management: the Impact of Information Technology...........................................5Conclusion.......................................................................................................................................7References........................................................................................................................................8

2LOGISTICS AND SUPPLY CHAIN MANAGEMENTIntroduction:The modern-day application of logistics management is seen to achieve various types ofcompetitive advantages for the business. Logistics is defined as the mechanism of efficient flowof the materials. It has been further related to control the various types of effective forward andreverse flow of the goods and services from the point of origin to the point of consumption. Theones of the supply chain are related to efficient utilisation of sourcing, procurement, promotionand distribution of the materials.Inventory management and strategic planningDespite of the increasing inventory is from 2011 at 2012, in the recent times BHP Billitonhas faced significantly declining inventories. Carrying amount of the inventory is in the balancesheet is less than all the valuation and the allowances. It is in for the same to exclude the non-current inventory balance. The main strategy of the company has been seen in terms of operatinglarge, low cost and ensured the upstream of the assets but maintaining a diversified community.The diversified strategy of the company has focused on maintaining low cost for that year oneassets. This will be able to ensure the resilience of the cash flows and reduce exposure to one ofthe commodity currency which will be able to provide a more robust financial performance.Strategic planning of the company has allowed it to grow through various economic cycles bydelivering improved service to the shareholders. The main strategy is also focused on thediversification. It has been done in terms of commodity, market and geography (Stock Analysison Net. 2017).

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