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Logistic management or supply chain management select one topic only - Dissertation Example

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EXECUTIVE SUMMARY This study has been divided into various sections – the first section is the introduction to the paper which states the importance and structure of the report. The next section is the literature review which will give relevant literature on the lean logistics concept used in the logistics industry…
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Logistic management or supply chain management select one topic only
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Logistic management or supply chain management select one topic only

Download file to see previous pages... Using case study research method, secondary data will be collected from different literature regarding the selected firms which include text books, journal and news articles. The next section on findings and discussion will analyse the two companies and how and what lean approaches are used to enhance operations in logistics. Finally, all the findings will be summarized and recommendations will be given on research and study. This study analyse the state of two logistic companies and their approach to the lean concept. It was found out that two companies have tried to initiate a number of lean methods’ but still a lot remains to be done. There were significant losses that were covered by the company management in both cases, by effective implementation of lean logistics approach. INTRODUCTION Optimizing a business process is essential to the long term success of the business and its returns. However, this process is complex owing to the diversity of activities, departments, and varied requirements of each business process, especially the process industries, (Taylor, 2003). This paper conducts a study on the logistics sector companies to analyse their current operations with a lean approach and subsequently suggest improvements to enhance their logistics operations. Research Aim: The purpose of this paper is to study the current state of affairs in the field of lean logistics concepts while giving a brief study upon the theory of constraints which is similar to lean concept of management. Analyse the implication of lean concepts of management on two logistics companies and how have they been able to implement and execute the methods and related technologies. Research objectives To cite the concept of lean theory and theory of constraints with relevant literature To critically review the theory and relate them to practice of the management To recommend for the solutions to enhance logistics operations The paper has been divided into different sections. Section one will refer the relevant literature regarding Lean concepts of management and theory of constraints. Section two will discuss the methodology of research design and techniques used to such implications for the selected firms. Using case study research method, secondary data will be collected from different literature regarding the selected firms which include text books, journal and news articles. Section three would help to analyze the data of the selected firms. Finally, all the findings will be summarized and recommendations will be given on research and study. LITERATURE REVIEW TOC CONCEPT Theory of Constraints (TOC) and Lean concept have become popular in recent years. The objectives of these two are the same – to provide process optimizations and performance improvements. TOC focuses the attention of the management to avoid and eliminate the few present constraints in the system. Lean approach assists managers to improve performances by eliminating all the waste activities. The TOC concepts have proved to be quite profitable by reducing inventories and lead times, and enhancing the operations within a value chain, (Eric, et.al, 1995). Giving a brief about TOC, the TOC views organizations as a source of resources which are actually interlinked with the various activities and processes. TOC further states a constraint as one that has the ability to limit the performance of the system. TOC is of the perspective that in ...Download file to see next pagesRead More
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