Assignment Sample on Supply Chain Strategy
Introduction
Logistics within a company helps the organisation to plan, implement and execute the products of the company. It includes the services provided within the company and helps to revive the warehousing and the packaging within the company. The study highlights the concepts and the approaches of the company. The INEOS, an oil and gas company of UK has also been discussed about in the study to give an in depth knowledge about the study.
· Concept of logistic and logistics provider
The logistics include the overall process of managing the company and the way it includes the acquired and the stored transportation of the data (Rakhmangulov et al. 2017). It includes the manufacturing sectors and the other resources that may include the resources that are handled. It also includes manufacturing sectors and the business sector that are moved along with the supply chain. The poor logistics within a business can affect the company. In addition, the manufacturing sectors are moved along with the supply chain. It helps to rescue the cost and increase the efficiency of the company.
Logistics providers are the outsourcing of the logistics that manages the outsourcing of the third party. The companies or the clients are the ones who are able to provide the logistic services (Rožman et al. 2019). They are the ones who provide logistics to more than one client. They undergo a certain contrast, and this helps them to understand the services through a vital aspect. They include the procurement and fulfil the needs of the customers. It also helps in the development of transportation and the storage of data exchange matters.
·Sustainable logistics and its elements
Sustainable logistics or green logistics includes the business goods and the other challenges within the company, which is not enough to maintain the global climate changes. In addition, the goals and objectives of the company are acquired by the development of the logistics of the company (Rakhmangulov et al. 2017). In some of the organisations, the average temperature that should be followed is supposed to be good for the environment. It also helps the regional organisations to undergo the main principle that the company can acquire. The operations and the technologies of the company can also include sustainable development within the company. The companies also accept the principles of the company and the environmental procedures that they are supposed to utilise.
The comparison of the sustainable environment can also be utilised to generalise the marketing and the other possibilities that are supposed to emphasise on large companies. It includes economic sustainability, social sustainability and environmental sustainability that can lead to green logistics. The implementation of the harmony between the resources and the other applications can be helpful to maintain the development of the organisations (Horzela et al. 2018).
· Approaches of the logistics services
Some of the modern approaches to the modern report are discussed hereby:
- The internet of things- This is another type of logistics that includes the varied sources and the existing system. In addition, the critical elements within the company help to freight the rates and the other direct benefits. The customers are the ones that need to understand their own needs and requirements (Odintsova et al. 2019).
- The circular supply chain is also a part of the reverse logistics that can be required to maintain the administrative powers and the transportation costs. The companies are reducing their costs by creating better loyalty and conserving resources. It also includes transportation costs and consumer loyalty.
- Some of the wearable devices include the company that can be helpful for them by allowing the cloud technology and maintaining the use of it (Umnov and Plyukhina, 2018). It also includes the shipments and the good moves of the society that help in the right locations and helps the product stay in the right demand.
Benefits and challenges
- The benefits of logistics are that it increases customer satisfaction and better services are within the company. This creates the provision of fast and accurate services within the company (Odintsova et al. 2019). The visibility and accurate information for the company are also acquired. The costs savings are also taken into consideration that can be helpful for the development of the company.
- The challenges that are faced by the company while using the logistics are:
- Reduction in the transportation cost
- Improvement of the business processes
- Enhancing the customer services and the supply chain finances of the company
- The impact of the economy is also a big challenge in terms of logistics that can be a big barrier for any company (Umnov and Plyukhina, 2018).
- The INEOS gas and oil company of the UK has faced certain challenges, such as the problems within the local operators related to logistics and the reduction in the cost (Oilandgasuk.co.uk, 2021). It also harmed the total savings of the company, which dropped down to 20%. The redeployment also included logistics, which created chaos and confusion within the INEOS.
Conclusion
From the above study, it can be concluded that logistics are a very important part of the company. It can help the company to make a position in the market. The company should understand the approaches and implicit within them for better results. It has also helped the INEOS to make a valid decision, which is beneficial for the overall production of the company.
Reference List
Odintsova, T., Kocherjagina, N., Gordashnikova, O. and Ryzhova, O., 2019. Formation of logistics services quality management model. Calitatea, 20(168), pp.21-27.
Oilandgasuk.co.uk. 2021, Available at https://oilandgasuk.co.uk/category/efficiency-case-studies/business-process-casestudy/logistics-case-studies/ [Accessed on 3rd April 2021]
Rakhmangulov, A., Sladkowski, A., Osintsev, N. and Muravev, D., 2017. Green logistics: Element of the sustainable development concept. Part 1. NAŠE MORE: znanstveni časopis za more i pomorstvo, 64(3), pp.120-126.
Rožman, N., Corn, M., Požrl, T. and Diaci, J., 2019. Distributed logistics platform based on Blockchain and IoT. Procedia CIRP, 81, pp.826-831.
Umnov, V.A. and Plyukhina, A.A., 2018. Analysis of existent approaches to logistics in the aspect of foreign economic activity of organisations. RSUH/RGGU BULLETIN, p.75.
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