Logistics Management - The Global Marketplace

Running head: LOGISTICS MANAGEMENT
Logistics Management
Name of the Student
Name of the University
Author’s Note

1LOGISTICS MANAGEMENT
Table of Contents
Introduction......................................................................................................................................2
Lean Thinking and JIT Concept......................................................................................................2
Agile Supply chain..........................................................................................................................3
Their Main functions.......................................................................................................................5
Reasons with suitable Examples......................................................................................................6
Conclusion.......................................................................................................................................6
Reference.........................................................................................................................................7

2LOGISTICS MANAGEMENT
Introduction
The global marketplace has seen growing competition from consumers and rivals in both
the manufacturing and service sectors. Because of the rapidly developing global marketplace,
only those businesses would be able to thrive, produce high quality goods at cheaper rate and
accomplish their target by concentrating on cost savings, growing production rates, quality and
ensuring deliveries for satisfying the customers. Therefore, this study aims to discuss the reason
why the organizations have adopted the Lean Thinking as well as JIT (Just in Time) concept.
This report also identifies and discusses the major varieties of waste must be kept in mind by the
industries during production.
Lean Thinking and JIT Concept
Lean Thinking
Lean thinking is the management strategy that seeks to provide the new way of thinking
about how to structure the human activities in order to add more profit and benefit to society
while reducing waste (Modi & Thakkar, 2014). Lean thinking is the cyclical approach to achieve
perfection by removing waste and thus enriching the value from the customer's point of view.
The consumer does not pay the expense, quality and time penalties of the wasteful supply chain
process. Lean thinking is the way of thinking about the operation and seeing the waste
unintentionally produced by the way the process is structured. It uses the following concepts:
 Value
 Flow
 Value Streams