Introduction The practising of 3pl has a major topic because of the focus that companies have on global expansion Forrest et al (2008:9). Many companies choose their logistics functions to be outsourced, which is obtaining the services of third party logistics companies through the form of contract. Companies practice this in order to have focus on core business. Third party logistics companies are hired to manage a company’s supply chain operations more effectively and efficiently than the company doing it by its self. An example of UK Company operating its logistics through 3PL is jaguar land rover. 3PLs provide different services concerning logistics, there different types logistics companies that are into specific types of activities an …show more content…
Organisations that are having a hard time in their logistics functions because of increasing competition in the market, high customer service expectation set by a company’s cooperate strategies has shaped for the requirement of outsourced logistics service. Organisations decide to use 3pl so that they have a wider access to enter new and existing markets expansions, to assess market prospects for production an services, to reduce supply chain costs and have expertise to exploit new trends in developing technological advances in supply chain in supply chain management, the need to know whether their product has competitive advantage. Bolumole (2001). With an overview of what 3PL is and their operations and also clients expectation and what expect from their logistics providers. It can related to the need for 3pls to compete with each other, thus forcing 3PLS to operate more effective and efficiently and also providing their customers with extra services in order to maximise their own productivity and coming with innovative ways in technology and strategy to improve customer satisfaction. 3pl have the need to be more efficient in their …show more content…
In addition, secondary data can be examined over a longer period of time. For example, you can look at a company’s lost-time rates over several years to see at trends.In the same Institute study mentioned above, the researchers also examined secondary data. They looked at workers’ compensation lost-time claims and the amount of time workers were receiving wage replacement benefits The type of data researchers choose can depend on many things including the research question, their budget, their skills and available resources In order to be able to choose either to use primary data, secondary data - or
Omni Logistics is a 3PL business that specializes in transportation services that can be customized to customer’s needs. Teams of dedicated professionals aim to remove risk and variability in the products and suppliers of their clients. Moreover, Omni tailors their services to meet the unique needs of each individual client by combining a unique team, technology, and personal processes. Omni’s program solutions include domestic (air and ground), international (air and sea), air charter, full truck load, LTL rater, security and risk management, White Glove Solutions, distribution, information technology, and business sector solutions.
Primary data is data collected specifically for the task at hand. Whereas " Secondary data is the data that has been already collected and readily available from other sources. Such data is cheaper and more quickly obtainable than the primary data and also may be available when primary data can not be obtained at all."(management study guide) However, there are some draw backs to secondary data. The United States is known as an MDC.( more developed country) Therefore the amount of secondary data we have is unmatched in other countries." In many countries, substantial data collection has been initiated only recently" (cateroa 223) Another problem with accessing secondary data is our researchers language skills. All of the research from foreign countries is of course, in the language spoken in the country. Our reseachers would need to be able to read and comprehend the said language in order to effectivly utlize the secondary research. Another issue when it comes to secondary data is the reliability. When utlizing secondary data it is impertaive that several questions are asked in order to validate it. This questions include. The usual who, what , how and why. Who collected the data? What purposes was it collected for? Why was the data collected? How was the data collected? " Checking the consistency of one set of secondary data with other data is known validity is an effective and often used way of judging validity." (cateroa 226) After analyzing the secondary data, we will then turn our efforts into gathering primary data. Because we analyzed the secondary data first, we will know what questions are still left unaswered and we can tailor our research efforts towards those questions and than analyze the primary data accordingly. Although, primary data collection is expensive to obtain, the data will be specifically tailored to our research needs. Therefore ,making the
Third party –logistics refers to that a firm provides multiple logistics services for use by customers. And these services are integrated or bundled together by the provider. (Murphy & Wood, 2011)
Secondary research is marketing research based on previously gathered data. By using secondary research companies can evaluate a strategy, based on records of market research gathered from the company itself and different sources over a period of time.
Outbound logistics: They are made up of centralized logistic centers to promote efficiency, global network, reduced emission of CO2 by 22% to ensure ecological sustainability and lastly to improve customer service.
Since mid-90, technology changed procedures for evaluating supplier’s relationships. Before technology, Suppliers relationships used to be an isolated activity disconnected from others companies’ activities highly influenced by conflict of interest. But when technology started to provide accurate data, companies begin the focus on inventory management activities increasing the importance of procurements departments’ evaluation as a way to reduce supply chain cost. With data, procurement can evaluate suppliers and their benefits for the company. In today business environment, the company dilemma is evaluating if the supply chain should be vertical, full outsourced of mix, considering industry maturity impact and price competition (Chopra & Meindl, 2007; Slack & Lewis, 2011).
Working on this report was a pleasure to me, as well as gaining some real life lessons and knowing with better skill how logistics companies work in Lebanon. I, however, also did my best to complete the training program in the best way I know how. I am thankful for having the opportunity to submit my report to you.
...y data both possess benefits to an organization; however, it is ultimately dependent upon the information needed regarding the best type of research application for the particular organization. Commonly the most cost efficient way for an organization is to glean what information is available in the secondary data sources. If research information proved insignificant, primary research may be the best research to implement.
There are multiple ways of collecting primary data, such as using observational methods, questionnaire surveys, and panels. It is known among people in marketing that the first step in marketing research is to use secondary data first. Two reasons for this is because it is cheaper to use data that was already collected and it saves time.
Logistics is one of the main functions within a company, and the supply chain is a complex and sometime fragile global endeavor dependent on a network of independent, yet interconnected, moving parts. It requires professional management. Supply chain professionals order the product, build it, move it, ship it, distribute it, and drive the coordination processes with marketing, sales, engineering, manufacturing, finance, and information technology. In short, they make any business effort seem effortless.
...logistics solutions recently, and the demand for high quality logistics services is increasing. There is a constant pressure for greater efficiency, faster delivery times, lower fees, well IT solutions, upgrade physical infrastructure and high quality staff that can understand and fulfill a customer’s every need. The whole logistics industry has a great change which creates another pressure as IT enables customers and seller to skip “middleman” companies; and emphasize “just in time” delivery. This can increase the profit in a wide range of industries (Hong Kong Logistics Development Council, 2007). This shows that the fast development of e-commerce create a changes in local logistic industry. The local logistic industry has opportunities to expand their business and market. As a result, there is has a significant economic growth in Hong Kong’s logistic industry.
Coyle, J., Langley, C., Gibson, B., Novack, R. and Bardi, E. (2008).Supply Chain Management: A Logistics Perspective. 8th ed. Cengage Learning, p.366.
Logistics companies around the world, for a very long time, had been using 2PL for a reasonable amount of time, which involves the transaction of movement of goods between two parties, after realizing that many manufacturing and service corporations were taking on too much responsibilities in doing too many things at once. From procuring to producing to transporting the product, that not only does it results in losses for companies in the face of ever rising expenses, which were proving difficult to control, but also because it was making employees lose their productivity, as they had to handle the nitty gritty details of the logistics operations which (aside from those responsible to handle them) made them lose focus on the tasks that they
The overall objective of the integrated supply chain is to integrate the functions of procurement, suppliers, and engineering. Supply chain integration is defined as: “Professionally managing suppliers and developing close working relationships with different internal groups.”1 Integrating these functions into a cohesive group can be complex, especially when dealing with the role of an outside supplier in a company’s supply chain. Once a company decides that they want to integrate their supply chain they must include the suppliers early in the process. In the case studies provided during the course there are examples in the Wal-Mart case study that highlight the benefits of using integrated suppliers into the core of their operations. Wal-Mart actually controls the inventory flow into their warehouses allowing them to manage their cross-docking operations, enabling them to carry little to know inventory storage overhead. While FedEx has suppliers that are integrated into their operations, they are at a much greater level integrated into other companies operations, as a transportation service provider. Integrating suppliers, procurement and engineering will allow a company to create a highly efficient supply chain that continuously eliminates waste.
Logistics and Supply Chain Management is the practice of transportation of goods and services from one level to another using efficient methods. The costs of operation, the speed of delivery, movement of loads and the quality of goods and services is boosted by advancing the management structure of the supply chain. The findings in this paper give, in detail, the current market status in relation to Supply Chain Management and it also gives a concise description of the term ‘Risk Management’ and its advantages and its disadvantages. The research also imparts information obtained from an interview with two renowned veterans in the field. This report contains very important information and it mainly aims at understanding fully the concept of