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Logistics Value Generation

commitment of a firm to either an individual or selected customer groups. The typical enterprise

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commitment, while in an exacting cost framework, is the logistics value proposition. It is a unique

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accommodation, manufacturing, and procurement strategies. Leading to firms realize that a well-designed logistical system can help achieve competitive advantage. In fact, as a general

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operating cost required to achieve alternative service levels. Likewise, alternative levels of system performance are meaningless unless viewed in terms of overall business unit customer

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the desired combination will be more different for different customers. A well-designed logistical

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inventory commitment. And, most of all, it must have relevancy to specific customers. Significant advances have been made in the development of tools to aid management in the measurement

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effort must provide high customer impact while is controlling operational variance and minimizimg

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the highest attainable customer service constitutes the appropriate logistics by strategy. Likewise,

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rule, firms that obtain a strategic advantage based on logistical competency establish against the nature of their industry’s competition.

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seeks to develop and implement an overall logistical competency that satisfies customer expectations at a realistic total cost expenditure. Very seldom will either the lowest total cost or

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The key to achieving logistical leadership is to master the art of matching with operating competency and commitment to key customer expectations and requirements. This customer

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of cost/service trade-offs. Formulation of a sound strategy requires a capability due to estimate

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Logistics is the management of the flow of goods (31) the point of origin and the point of destination in order to meet the (32) of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and often security.
Logistics as a business concept evolved in the 1950s (33) to the increasing complexity of supplying businesses with materials and shipping out products in an increasingly globalized supply chain, leading to a call for experts called supply chain logisticians. Business logistics can be defined as "having the right item in the right quantity at the right (34) at the right place for the right price in the right condition to the right customer", and is the science of process and incorporates all industry sectors. The goal of logistics work is to manage the fruition of project life cycles