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Report on Logistics and Supply Chain Management: Doc

   

Added on  2020-05-08

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Logistics and Supply chainmanagement

Running Head: ReportContentsSection 1........................................................................................................................2Forecasting.................................................................................................................2Third party logistics.....................................................................................................3Humanitarian Logistics................................................................................................3Using Information Technology (IT) in Logistics and Supply Chain Management..............4Case study 1....................................................................................................................6Activities undertaken by IKEA to ensure the sustainability of their supply chain..............6Present impact and future implications of the sustainable sourcing and supply practices....7Case study 2....................................................................................................................8Improvement in the efficiency and effectiveness of IKEA’s logistics and supply chainmanagement................................................................................................................8Assurance of end to end customer satisfaction................................................................9References....................................................................................................................111

Running Head: ReportSection 1ForecastingForecasting, although referred to as an imperfect science, is a necessary procedure for the organisations. Proper forecasting, particularly in the supply chain management, helps the organisations in ensuring that the production and the supply of the products and services is enough to satisfy the demand. Companies that have a global footprint, make use of sophisticated software for demand forecasting, but smaller organisations that are relatively smaller can adopt forecasting in the supply chain management process by making use of simple techniques. The most common techniques that are used for forecasting to ensure the effectiveness of supply chain management are the calculation of moving averages, exponential smoothing and weighted mean.Forecasting related to supply chain management deals with the control of the inventory for the procurement and transformation of raw materials in order to effectively manage the flow of materials with respect to the demand and supply [ CITATION Kim17 \l 1033 ]. Software systems are also being used to stimulate and analyze real time data which acts as a predictive tool for the identification of supply-chain delays. A service level agreement (SLA) is another method to ensure quality in the supply chain management process by the identification of the minimum service quality that is necessary to be provided in order to meet the business needs. Another very important asset that proves to be valuable for an organisation in the management of the supply chain, is the previous experience. Having the data related to supply and demand of the product or the services for the organisation and it's thorough analysis, can help the organisation in predictionof the future demand and estimating the quantity of goods or services to be produced[ CITATION Bla12 \l 1033 ].2

Running Head: ReportThird party logisticsThird party logistics, also known as 3PL is the process of outsourcing of the distribution and fulfilment processes of an organisation to third party vendors or businesses. 3PL is a term used in the logistics and supply chain management that includes all the services of contracts which involve the storage or shipping of products [ CITATION JHu13 \l 1033 ]. An organisation can opt to outsource a single service, like only the storage of goods, transportation from one point to the other etc. or the organisations can opt for the outsourcingof the bundle of system wide services for the management of their entire supply chain. There are a number of factors that need to be kept in mind by the organisationsin order to determine whether a third party organisation will be able to fulfil the required job, and will beable to carry out the required process in the desired way [ CITATION BCe11 \l 1033 ]. Some basic requirements for a third party logistics are the certifications and the qualificationsrelated to the job assigned to them, the availability of space and equipment, if required, and their willingness to commit to providing the best customer service and sincerity towards the task assigned to them[ CITATION Jae14 \l 1033 ].Humanitarian LogisticsIn times of disasters, natural calamities and hazards, it becomes increasingly important to deliver health and aid to the people affected from it. The supply chain in such cases needs to be agile and quick in order to respond to the sudden onset of disasters which may occur in any part of the world. The branch of logistics which takes care of the organisation of the delivery and storage of the supplies for providing aid during a natural disaster or any other emergency, to the affected areas is known as humanitarian logistics. The primary process of humanitarian logistics includes the acquisition and delivery of the requested services as well as supplies at the exact place where it is needed in as little time as possible while ensuring the3

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