Principles of Logistic Management Doc
Added on 2019-10-30
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RUNNING HEAD: PRINCIPLES OF LOGISTIC MANAGEMENT 1Project Report: Principles of Logistic Management
PRINCIPLES OF LOGISTIC MANAGEMENT 2ContentsIntroduction:.....................................................................................................................3The interface.....................................................................................................................3Production department interface...................................................................................3Marketing department interface....................................................................................5Accounting and finance department interface..............................................................5Order Cycle.......................................................................................................................6Order places..................................................................................................................6Calculating the EOQ point........................................................................................6Key performance indicator...........................................................................................7Recommendation for the order cycle:...........................................................................7Order processed..........................................................................................................7Calculating the EOQ point........................................................................................7Order shipped and stocked...........................................................................................7Place the order............................................................................................................7Inventory management.....................................................................................................8Recommendations for improvements:..........................................................................9Conclusion........................................................................................................................9References.......................................................................................................................10
PRINCIPLES OF LOGISTIC MANAGEMENT 3Introduction:Golden bridge foods manufacturing limited is the company of Singapore which manufactures the best quality food for its customers. This company offers the “Hallal meat” to the people of Singapore. This company offers the best meat in the country. Normally, this company makes the best dishes of the meat which could be consumed by the customers at thesame time or lately. HACCP has provided the best dishes of the meat. This company manufactures the different variety of meat and chicken to the customers. Company takes the help of stem oven and microwave to cook the meat and the chicken (Home, 2017). The packaging of the meat and chicken is offered in such a manner that the food becomes always fresh and eatable all the time within the expiry date by the customers. Various other products are also provided by the company to the food lovers. Golden bridge foods manufacturing limited’s key factors have been investigated and it has been found that the best quality of the food products is the competitive advantage of thecompany. The revenue and market base of the company has been enhanced rapidly from last few years. The main factors of the company are the taste of the food. Certificate of HACCP has also been received by the company which is also a competitive advantage of the company(Wisner, 2011). Numerous studies has been analyzed and it has been concluded that the company has made a promise with its clients to offer them the best of the products in terms ofquality and taste to its customers and the variety of the products would also be offered after analyzing the choice and demand of the customer. Further, the food offered by this company is healthy and tasty so that the market base of the company has been enhanced. The interface:Interface is a tem which is concerned to the technique which is helpful for a company to set an interaction among various related aspects, departments and the factors of the company. According to this report, logistic management of a company is concerned with entire activities of the company whether it is related to accounting department of the company, marketing department of the company or the production department of the company (Chopra & Meindl, 2013).Production department interface:
PRINCIPLES OF LOGISTIC MANAGEMENT 4Production of a company must be done in such a manner that the entire activities of the production run smoothly and help the company to achieve the target. Production run of a company is more efficient in terms of cost and quantity of a company at the time of production of the units. At the time, a manger of the company makes the decision in regarding of number of units to manufacture the each production run. Managers are required to consider the cost related with the process of production and the inventory holding cost. Various techniques and tools are available for the managers to evaluate the techniques and the process of the company to manage the performance and cost of the production departmentof the company (Cetinkaya, 2011). Production run of Golden bridge foods manufacturing limited has been investigated toanalyze the process of the company and the run of production system of the company. Through investigation, it has been found that the production of the company is of short run asthe production of the company completes in the short span of time and the product of the company could not be stay fresh for a longer period. Thus it has been found that ether is less chances in front of the company to make some changes into the procedure and cost of the production of the company. So it is recommended to the company to make the changes in cost by changing the production procedure of the company.
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