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Logistics and Supply Chain Management (SCM) Assignment

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Added on  2020-05-11

Logistics and Supply Chain Management (SCM) Assignment

   Added on 2020-05-11

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Running head: LOGISTICS AND SUPPLY CHAIN MANAGEMENTLogistics and Supply Chain ManagementName of the Student:Name of the University:Author note:
Logistics and Supply Chain Management (SCM) Assignment_1
1LOGISTICS AND SUPPLY CHAIN MANAGEMENTTable of ContentsSection 1................................................................................................................................2Answer 1:............................................................................................................................2Answer 2:............................................................................................................................2Answer 3:............................................................................................................................2Answer 4:............................................................................................................................3Section 2................................................................................................................................3Case Study 1:.....................................................................................................................3Case Study 2:.....................................................................................................................5References.............................................................................................................................7
Logistics and Supply Chain Management (SCM) Assignment_2
2LOGISTICS AND SUPPLY CHAIN MANAGEMENTSection 1Answer 1:a)Proper forecasting is essential for any organization, as it ensures in having enoughsupply in hand, in order to satisfy the demands. Business analysts utilize the systemsof logistics and supply chain management as well as some other tools, in order toforecast the demands in advance. For example; Amazon uses forecasting techniquesto increase the satisfaction of the consumers, reduce the inventory stock outs,schedule the production effectively, lower the safety requirements of stocks, reduceobsolescence costs of products, manage the shipping better, improve price andpromote management (Chircu, Resnick and Saraswat 2015).b)The three major forecast types used within supply chain’s context are; demandforecasting to investigate the demands of the buyers, supply forecasting to knowabout the current suppliers and producers and lastly, the price forecast, which is thecompilation of demand’s and supply’s information (Christopher 2016).c)Forecasting abilities of any business varies from organization to organization. Inorder to improve the forecasting abilities, one needs to understand the size of thedemands and the uncertainty drivers. The demand planning and strategy needs to bekept simple. The organizations should always have backup plans and change theirstrategies when needed (Garrido Azevedo and Carvalho 2012).Answer 2:a)A 3PL or third party logistics refers to the outsourced logistics services’ provider.Logistic services involve the management of resources and their movement to theareas, when required. The term itself comes from military. Third party serviceincludes transportation and warehouse storage, which is required to manage thewhole supply chain (Mangan and Lalwani 2016).b)On evaluating 3PLs certain information is needed to meet the companyrequirements. The location of the warehouse and their equipments must be checked.Staff members play a bigger role in this. If the staff is not flexible and cannotcommunicate properly, then the company may face issues. Moreover, informationtechnology systems must be checked for proper transportation management andensuring the security issues (Christopher 2016). Answer 3:a)Humanitarian logistics deals with the logistics’ branch which is specialized inorganizing deliveries and warehousing supplies, at the time of complex emergencies
Logistics and Supply Chain Management (SCM) Assignment_3

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