The contemporary dynamic and complex global business environment is increasingly forcing many businesses to globally optimize supply chain operations in order to overcome some of the current operating challenges. In logistics, the concept of global optimization involves the use…
Download file to see previous pages...
Globally optimized operations are increasingly being used by companies in the real world business situation, to enhance their profits. As opposed to the traditional approach of seeking independent opportunities for the improvement of the business operations, companies can increase their profits by considering the various broader subsets of the business and observing how each of the major processes affect each other. For example, a business can in the case of a shop scheduling, a business organization can look a the logistics of the delivery of raw materials for the shop as well as the various details of post production inventory shipping, retailing and marketing. This critically analyzes the concept of global optimized operations with particular focus to its contemporary and future application in logistics and supply chain management.
According to Laurence (2009), companies can effectively use global optimization solutions to optimize their operations such as sourcing, production, procurement, production and distribution processes at the same time. Globally optimized operations deals with the sets and functions of the optimization in a given criteria. In this regard, the optimization operations consist of a particular constraint with a set of bounds.
In the set of bounds and constraints, the variables being considered are optimized. According Ballou (2007), Supply Chain Management is currently viewed as the management of a set of processes, in whereby each process is made up of activities relevant to achieving a particular objective. For example, some of the major processes in involved in SCM include customer management, customer relationship management, order fulfillment, demand management, supplier relationship management, manufacturing flow management and returns management among others. In global optimized
...Download file to see next pagesRead More
Cite this document
(“Globally Optimized Operations TLMT 441 Research paper”, n.d.)
Retrieved de https://studentshare.org/professional/1666544-globally-optimized-operations-tlmt-441-research-paper
(Globally Optimized Operations TLMT 441 Research Paper)
“Globally Optimized Operations TLMT 441 Research Paper”, n.d. https://studentshare.org/professional/1666544-globally-optimized-operations-tlmt-441-research-paper.
The paper takes a look at the various business avenues of the company. Nature of Product & Service a. Products FedEx primarily offers shipping, logistics and freight services to customers across the globe. Product offerings include delivery, express, logistics support and freight forwarding under different brand extensions such as FedEx Freight, FedEx Express, FedEx Ground, FedEx Supply Chain, FedEx Corporate services and FedEx Trade networks.
According to Banarjee (2012), the managers of the companies are also the decision makers and they have to make sure that they make their operational decisions after carefully evaluating all their options. In order to get a competitive edge in today’s highly competitive environment, management is pressurized to make economical decisions.
Entrepreneurship is a new and daunting concept which gives young individuals a chance to explore new possibilities and, thus, allowing them to be innovative with their businesses. With the recent boom seen in the progress and usage of social media with millions of people having regular access to it, small businesses or home-based businesses that do not require a very large set up are gaining immense popularity these days.
Advancements made in the technological world have contributed to most of the changes that exist in almost all fields of human engagements. For instance, the information and communication technology (ICT) largely impacts on a community’s way of life through the interaction and development of individuals, government and civil society, and businesses.
World governments must talk about the solutions, but they could not draft such because they agree to protect national interests. Leaders, including those of nations that supposedly started climate change, are not suggesting measures due to
In this regard, most societies hold the opinion that individuals who grow up with autonomy-thwarting parents have lower chances of exploring their sexual values and identities and therefore disregard social aspects that
According to Wikipedia (Toyota, n.d.), the company was founded in 1933 with the division of Toyoda Automatic Loom Works that was devoted to the production of automobiles. However, in 1937 it already performed its activities as an independent company. Since its
Globally, optimized operations aim at controlling the challenges of supply chain management. The optimized operations firstly ensure partner collaboration. The logistical fragmentation functionally cannot
5 Pages(1250 words)Research Paper
GOT A TRICKY QUESTION? RECEIVE AN ANSWER FROM STUDENTS LIKE YOU!
Let us find you another Research Paper on topic Globally Optimized Operations TLMT 441 Research paper for FREE!