Minimize the cost of your logistics Notes
Straight line distances
This is of course an underestimate of the road
distance. To estimate the road distance we
multiply the straight line distance by a scale factor,
Question 3 (50 marks)
Read the case Security breach at TJX. This case addresses issues related to systems
security, information privacy, and ethical concerns. Ask yourself this question while reading
this case: Is information security an IS concern or a c
Costs of Inventory Notes
Cost of not having it.
Cost of going to the grocery or gas station (time,
money), cost of drawing money.
Cost of holding and storing, lost interest.
How much you consume.
Some safety against uncertainty.
Heuristics and the Need for Exact Algorithms Notes
Two plants p1 and p2
Plant P1 has an annual capacity of 200,000 units.
Plant p2 has an annual capacity of 60,000 units.
The two plants have the same production costs.
There are two warehous
Different types of inventory models Notes
Repeat business, multiple orders
Single period models
Single selling season, single order
Our inventory consists of up to 35,000 different kinds of
building materials, home impr
Globalization of Markets Notes
Growth in numbers and size of global companies
Standardization of products and services on a global
Reduction of the number of players in each phase of
the Supply Chain
Reduction in the number of competitors an
Future Challenges for the Customers of Maritime Services
This chart is based upon the following methodology. Total 1999
U.S. logistics cost, comprised of the components shown in the
chart, was US$921 billion. This number was determined by Cass
Inventory Management Notes
Inventory is the raw materials, component parts, work-in-process,
or finished products that are held at a location in the supply chain.
Why do we care?
At the macro level:
Inventory is one of the biggest corporate assets ($).
Inventory Reduction and Warehouses Notes
BuyPC.com faced heavy variability in consumer demand
Each DC had to carry sufficient safety stock
Warehouse to warehouse transfers were discouraged
because of the extra liability in shipping computers
Players in Maritime Logistics Notes
Maersk Logistics was an estimate. It was based upon their stated
numbers of 99 of $350 million gross when it was just Mercantile. I
estimated that Sealand Logistics was approximately the same
size. Combined therefore th
Transport Rate Estimation Notes
Huge number of rates representing all combinations of
An important characteristic of a class of rates for truck, rail,
UPS and other trucking companies is that the rates are quite
linear with the distance.
Typical Network Design Model Notes
Several products are produced at several plants.
Each plant has a known production capacity.
There is a known demand for each product at each customer
The demand is satisfied by shipping the products via
Maritime Logistics Strategy Session Notes
Relation to GRA 4301 and 4302
Globalization of Markets
Vision and Goals
Logistics: Logistics is that p
MS2 Module 2
Lecture Handout 1
Module 2, Review Question 4
You are working as a Business Risk Analyst for a mid-sized payroll services company. Over
the past week you have attended several seminars on information systems planning
enterprise analysis, str