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Logistics & Supply Chain Management

   

Added on  2020-03-16

13 Pages2536 Words111 Views
Running head: LOGISTICS AND SUPPLY CHAIN MANAGEMENTLogistics and Supply chain managementName of the Student Name of the University Author Note

1LOGISTICS AND SUPPLY CHAIN MANAGEMENTTable of Content Section 1: Questions........................................................................................................................2Forecasting.......................................................................................................................................23PLs.................................................................................................................................................4Humanitarian Logistics....................................................................................................................6Figure 3: Humanitarian Logistics....................................................................................................6Using Information Technology (IT) in Logistic and Supply Chain Management..........................7Section 2: Questions........................................................................................................................8Case Study 1....................................................................................................................................8a) Four different activities that IKEA is using to ensure its supply chain is sustainable................8b) Discussing the effect that IKEA’s sustainable sourcing and supply practices are having andlikely to have upon the entire furniture industry now and into the future.....................................10Case Study 2:.................................................................................................................................10a). Describing some of the ways that IKEA uses its customers to enhance efficiency andeffectiveness of its logistics and supply chain management.........................................................10b) Collaborating with its suppliers and logistics partners to ensure end-customer satisfaction withthe products....................................................................................................................................11References......................................................................................................................................12

2LOGISTICS AND SUPPLY CHAIN MANAGEMENTSection 1: Questions Forecasting a). An appropriate forecasting confirms that organization has sufficient supply to meet thedemands. The marketing executives and the businessperson implement supply chainmanagement procedure as well as other relevant tools to anticipate the demands on monthly andweekly basis in advanced. Demand forecasting remains as the significant aspects in supply chainmanagement. Demand Forecasting in supply chain helps to anticipate the demands required forthe products and services of an organization. This forecasting helps to decide on facility capacityplanning and capital budgeting. The forecasting in supply chain also helps to evaluate marketopportunities worthy of future. Another significant reason, which increases the necessity offorecasting in supply chain, is the customer satisfaction. This means to keep the customerssatisfied, the organization needs to provide them with the product they want. For example, the e-commerce giant Amazon.com stores huge number of products in each category during thefestival season such as Christmas; hence, the based on the predicted demand, stocks is managedbefore the festival season.

3LOGISTICS AND SUPPLY CHAIN MANAGEMENTFigure 1: Forecasting in Supply chain (Source: Seuring 2013)b). Among different types of forecasting in supply chain, there are three basic kinds of supply chainsuch as demand forecasting, supply forecasting and price forecasting.Demand Forecasting –This forecasting remains as the investigation of the organizationaldemand for the items, to involve present as well as the projected demand by sector and productend use.

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