Logistic regression

P5 :The importance and value of operations management in achieving business objectives. Operation management is the administration of business practices that involve to developing the utmost level of efficiency possible within an organization. The main purpose of operations management is to converting/processing labours and materials into goods and services as efficiently as possible and maximize the profits of an organization (investopedia.com, 2018). Importance and value of operations…

The production department, usually factory manager informs the purchase department about the requirements of materials. The information is passed through the purchase intent issued by factory manager to the purchase manager. In case of regular product like stationary and small purchase, the store in charge issues the purchase intend giving a copy to the factory manager item specification, required quantity, name of the manufacture, approximate costs etc. are mentioned in the purchase intend. The…

With about 23,000 students, WU Vienna is one of the largest and leading universities for business, economics, business law and social sciences in the European Nation (Vienna University of Economics and Business). As a result, this educational institution unifies human beings from various cultural, educational and social backgrounds. Therefore, being socially responsible must be one of WU Vienna’s major goals to fulfill its role as an accredited educational establishment. Consequently, as a…

In the Maritime Industry, there are two types of shipping. Liner shipping and Tramp Shipping. In order to manage these two forms of shipping, a port agent or a port agency is designated person or agency held responsible for handling shipments and cargo, and the general interests of its customers, at ports and harbours worldwide, on behalf of ship owners, managers, and charterers. Specifically, there are two types of port agents. Liner Agent and Tramp Agent. A roles and responsibilities of a…

The main purpose of transportation system in a country is to provide the efficient and safe movement of goods and passenger from one location to another. The economic development is strongly affected or influenced by the availability of transportation. The increasing number of vehicles on the road has created a major problem through traffic accidents due to the loss of lives and material. Moreover, in developing countries such as India traffic accidents rates are still quite high. Therefore, the…

Dalsey Hillblom Lynn is a German logistic company which was initially founded by Adrian Dalsey and Robert Lynn in 1969 with an idea to connect people worldwide with international shipping, freight and courier services at economical charges (DHL, n.d). The company, DHL is also one of the biggest companies providing a value added services to the people worldwide wherein DHL plays a vital role in improving people live by making a deep connection between people, prosperity and trade with an…

customer service in their reverse logistics management. More importantly, consumers just want their voice heard and someone to actually do something about their complaints. Truly, customer service in reverse logistic has meet or exceed customer expectations. A company goal is to use customer service to keep consumers gratified with their products, before, during, and after the first delivery. Furthermore, these characteristics of good customer service in reverse logistic consist of agile…

SWOT Analysis Strengths. The most powerful strength that Costco has is pricing authority. It is Costco’s philosophy that they will provide its members with quality goods at the most competitive prices. Their goal is not to maximize profits in short term, but build trust with customers that they provide the most competitive prices. Costco values their employees more than anything. They pay higher rate of wages that other competitors, and provide good cares. The turnover rate is less than 5% for…

Chaffey (2002) Value Chain is a model that considers how supply chain activities can add more value to products and services delivered to customers Inbound logistic: This activity refers to the relationship with suppliers and all activities related to receive, storage, transport and deliverof inputs into business (Ingram n.d.). The main logistic tasks of Tesco is receiving receipt from suppliers, storing inventories, handling and transporting goods internally in the business. To increase its…

Part 3 Type of industry: Moving services industry. The public company which is a candidate for BJM to consider for their long-term expansion and acquisition strategy is the Sirva Inc, a worldwide relocation and moving company. It is one of the largest moving companies in the world with more than 1,475 offices in over 170 countries. They provide moving services through agents that own trucks and these agents are also responsible for hauling, packing, storage and distribution of household…