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"Evaluate the effectiveness of logistics management as a method of gaining competative advantage within Youngs Seafood , Grimsby and how this relates to the wider supply chain"
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Further, the paper also discusses how this concept relates to the Supply Chain Management.
Logistics is defined as “the time-related positioning of resources”. A good logistics supply chain would include the right resources in the right place, at the right time, right quality/quantity and at the right cost.
It took some time for the company - Young’s Sea Food to accept logistics as a management process. Most of their competitors have already established this sector as one of the foundation stones to deliver diverse services and products while aiming high profit margins and customer satisfaction. Today, logistics management is acclaimed as a combining process that provides information networks and necessary infrastructure essential for the development and functioning of global supply chains.
The company - Young’s Sea Food has already taken various initiatives such as real time manufacturing and distribution, supply chain engineering, efficient consumer response systems and the lean models. The main aim of the company management is to search for new levels of supply chain efficiency and integration. Supply chain collaboration remained an elusive goal for the management. The company’s management has recognized that the future to competitive edge is to define internal improvements and plan far outside the frontiers of the normally envisioned enterprises. In today’s global and volatile market and with ever increasing competitors for Young’s Sea Food, the consumer demands are rising by the minute. It is now acknowledged as a strategic necessity, to forge partnerships beyond geographical and industry-vertical boundaries. Collaborative planning systems are providing the capabilities for accelerating the co-management of planning processes and efficient sharing of information. Logistics collaboration and sharing of infrastructure needs to become a reality for the company in order gain an edge over other market
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According to the report the XYZ Company previously manufactured gears and shafts for the transmissions they produced. The current manufacturing process focuses on the gears and shafts as well as they have always produced but the re-organisation will involve the introduction of a significant large number of parts not previously produced at the Birmingham plant.
Martin Christopher (2005: 11) defines the supply chain as “the network of organizations that are involved, through upstream and downstream linkages, in the different processes and activities that produce value in the form of products and services in the hands of the ultimate customer.” The various independent functions that contribute to the supply chain are marketing, warehousing, transport, purchasing and finance .
Knowing in advance the likely changes in customer preferences accelerates the adaptability of the firms to cling to enhanced speed and quality. An efficient supply chain management ably assisted by latest information technology for information sharing and Just-in-Time and other time compression strategies enable firms increase their operational efficiency manifold.
Time compression will also be investigated as it constitutes a significant approach in minimizing or eliminating time-consuming activities and wasted time associated with business process. To this extend, information technology appears to be a
Located on the river Haven, the town offers a suitable place ships and ports. The adjoining North Sea also provides great fishing opportunities. Grimsby has soon developed into an important business town in terms for tax collection
According to the report the examination and the analysis of each particular aspect of commerce require the categorization of commercial activities using specific standards and criteria; the explanation of each of these activities is then easier and more credible. The existence of appropriate legislative framework can guarantee the limitation of risk in international shipping.
Young’s Seafood has fast become one of the most desirable eating joints in the UK and the leading sellers of frozen sea foods in the country. The company boasts of being the largest employer
6 Pages(1500 words)Essay
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