Category: Supply and transport management

Types of Costs of Stock The economics of stock control are determined by analysis of the costs incurred in obtaining and carrying inventories under the headings of acquisition costs, holding costs and costs of stock outs. a) Acquisition costs This Read More …

Emerging Trends in Logistics In recent years, several strategic and technological changes have had a marked impact on logistics. Among these, three are worthy of mention: globalization, new information technologies and e-commerce. Globalization: An increasing number of companies operate at Read More …

Customer service Customer service is precisely defined standards of customers‟ satisfaction which business owner intends to provide for its customers. Physical distribution system is normally set up to reach the customer satisfaction at the lowest possible cost. In today’s technologically Read More …

Physical Distribution (PD) refers to the set of activities concerned with efficient movement of finished goods from the end of operation management to the consumer. It takes place between numerous wholesaling and retail channels and includes such important decision areas Read More …

Bill of lading – this is used to seal a contract between the carrier and shipper in which the carrier agree to carry goods from port of shipped to port of destination. it is also the shippers receipt for goods Read More …

High-speed trains. The most prominent evolution in the new future is the development of high speed trains running across Europe at speeds reaching 320 km an hour. High-speed railways in Austria, Belgium, France, Germany, the Netherlands and Switzerland have joined Read More …

Alternative powering technologies Due to increased environmental pollution i.e. global warming, there is an initiative towards promoting more environmental friendly sources of energy in transport sector. Cleaner technologies, such as new successful alternative powering technologies, more efficient engines or improvement Read More …

The choice of ownership depends on the following factors. Operating costs In different circumstances, either own account or third party transport might be cheaper and they should consider other benefits before an organization moves away from the cheaper option. Capital Read More …

The natures of the goods – Heavy and bulky goods are economically transported through sea or rail. Terminals – Availability of loading and offloading points dictate the form of transport to be used. Transportation cost – The cost of the Read More …

The choice of mode of transport depends on various factors: The nature of materials to transport The volume and distance The value of materials Special facilities available Schedules and frequency of delivery Security loss and damage Reputation and stability of Read More …