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Logistics and Supply Chain Management: Doc

   

Added on  2021-04-21

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Running head: LOGISTICS AND SUPPLY CHAIN MANAGEMENT Logistics and Supply Chain Management[White Stuff]Name of the student:Name of the university:Author note:
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1LOGISTICS AND SUPPLY CHAIN MANAGEMENTTable of ContentsIntroduction:....................................................................................................................................2Task 1:.............................................................................................................................................2A) Analyze the relationship between Supply chain management and logistics management:....2B) As an entrepreneur or a logistics manager, assess the significance of an effective logisticsmanagement function in achieving customer satisfaction...........................................................3Task 2:.............................................................................................................................................4Understanding ERP:....................................................................................................................4Analyzing how an ERP can help the chosen organization to improve its customer satisfactionwhile reducing its cost:................................................................................................................5Example of ERP in an organization:...........................................................................................7Usefulness of ERP in ‘White Stuff’ in context of e-commerce:.................................................7Task 3:.............................................................................................................................................8Suggest and analyze different best practices, which could help the chosen organization toachieve its objective of cost reduction:........................................................................................8Conclusion:......................................................................................................................................8References:......................................................................................................................................9
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2LOGISTICS AND SUPPLY CHAIN MANAGEMENTIntroduction:Supply chain and the logistics operation are essential parts of the business operation.However, organizations face utmost complexity while managing the supply chain operations.There are various dependable factors that make it difficult to manage. Those dependable factorsare like logistics operation, relationship with the suppliers, market forecast, and others. Everysingle dependable factor is challenging for its different level of complexity (Govindan,Soleimani and Kannan 2015). This assignment also takes into account the enterprise resourceplanning (ERP) system which is another very important aspect of business operation. ERP can behighly advantageous especially to remain competitive in a highly volatile market (Leon 2014).To understand the concept of supply chain and logistics operation, White Stuff has been selected.White Stuff is a UK based retail company that started its operation in the 1980s. Since then, thecompany has progressed much and had done notable business (Whitestuff.com 2018). Theassignment is purposefully aimed at understanding the concept of logistics and supply chain withthe help of few practical examples. Task 1: A) Analyze the relationship between Supply chain management and logistics management:Supply chain management and the logistics management are related to each other yetcarrying different meanings altogether. Logistics management is a part of supply chain operationwhere companies hire or approach to a third party company which is specialized in offering thevarious kinds of transport means. An effective management of logistics requires a good track ofgoods movement. The tracking, on the other hand, is indeed complicated. Supply chain operationis a much bigger concept than this. It facilitates the management of supply and demand.
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3LOGISTICS AND SUPPLY CHAIN MANAGEMENTMoreover, it involves not only the flow of goods but also keeps a track of market forecast,relationship with suppliers, service providers, and distributors (Brandenburg et al. 2014). Logistics are hired for receiving raw materials from suppliers. It is also being hired tooutflow the manufactured goods to the distribution center and then to the market (Alftan et al.2015). An effective supply chain operation can help to improve the market forecasting capabilitywhich is necessary to avoid material wastage. This may also help organizations to become cost-effective. Supply chain operation is also responsible to build up a good relationship withsuppliers which are necessary to reduce the bargaining power of suppliers and also to enhancethe reception of quality materials (Alftan et al. 2015). The main concept of the supply chain is to maintain a healthy flow of goods frommanufacturers to end-users. A healthy flow of goods means a lot like timely delivery of goods inmarket, effective relationship with suppliers, good control on logistics operation. When thesethings are combined with few technologies, it produces an effective movement of goods in thesupply chain. Those few technologies may include but are not limited to like Just in Time (JIT),Efficient Customer Response (ECR), and Electronic Data Interchange (EDI) (Chin, Tat andSulaiman 2015). B) As an entrepreneur or a logistics manager, assess the significance of an effective logisticsmanagement function in achieving customer satisfaction.The logistics operation is responsible for receiving materials and to deliver it to thecustomer-end. The process looks much simpler; however, the operation is much more critical. Itis critical as in most cases organizations especially the small and medium size (SMEs)companies depend on third party service providers for the operation. An effective logistics
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