• Title/Summary/Keyword: Logistics Costs

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Monitoring and Tracking Model of Logistics Based on ICT network

  • Cho, Sokpal;Chung, Heechang
    • Proceedings of the Korean Institute of Information and Commucation Sciences Conference
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    • 2016.10a
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    • pp.489-492
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    • 2016
  • Transportation in the logistics, many business organizations are engaged in monitoring and tracking the vehicles in order to improve logistics services, reduce expenses and secure security in cargo transportation. It is saving time and money by tracking and monitoring vehicles which transport cargo in supply chain of logistics. Therefore the main issue of delivery flow is to improve services, and ensure the safety in transportation system. This article suggests the tracking and monitoring model to keep safety transports on ICT network. It focuses on precise delivery control by monitoring and tracking vehicles to save time and costs. The status of product movement is analyzed for proper decision making. The vehicle embedded with RFID is automatically tracked in the movement process by tracking and monitoring model. The main role keeps safety tracking to reduce costs and to deliver products at proper time and location.

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A Study on the Effect of Logistics Integration between Shipping Companies and Logistics Companies on Performance (해운기업 및 물류기업 간의 물류통합이 성과에 미치는 영향에 관한 연구)

  • Hyung-Jin Chun
    • Korea Trade Review
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    • v.46 no.4
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    • pp.77-93
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    • 2021
  • The results of this paper show that strategic and technical factors in the integration of logistics between shipping and logistics companies act as a synchronizing factor for internal and external logistics integration. In addition, internal integration of logistics is expanded to external integration, and internal and external logistics integration is shown to enhance the logistics performance of companies. In other words, the greater the strategic need for logistics integration and the higher the utilization of logistics technology, the stronger the motivation for logistics integration. Furthermore, both internal and external integration of logistics have a positive impact on companies' logistics costs and improvement of logistics services.

Strategies for Technological Standardization of National Logistics (국가물류표준화 기술체계에 따른 추진 전략)

  • Moon, Dae-Seop;Lee, Soon-Cheul
    • Proceedings of the KSR Conference
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    • 2003.10b
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    • pp.354-359
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    • 2003
  • The purpose of this study is to establish the technical system of national logistics standardization and to strengthen the national competitiveness through reduction of the logistic cost We review of the government and private roles in the logistic sectors and suggest plans for the improvement of logistics standardization for its completion in the unit load system in Korea. We conclude that a symmetrical logistics standardization may accomplish to reduce the costs of national logistics.

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A Research of the Logistics Legal System in China-Korea FTA

  • Zhang, Fan;Su, Shuai
    • The Journal of Economics, Marketing and Management
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    • v.6 no.1
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    • pp.25-30
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    • 2018
  • Purpose - This paper mainly studied the role of the logistics legal system in promoting international transport logistics, building marine economy international cooperation demonstration zone and deepening the economic and financial cooperation etc between China and Korea. Research design, data, and methodology - The study conducted a survey on China and Korea's 2012-2017 years data. After empirically analyzing the data, we believe that cultural industry in Korea and China will maintain its growth momentum. Results - This study explored the way to establish an integrated logistics system between China and Korea to match the e-commerce certification system, online payment system and logistic distribution, thereby gradually promoting economic development and logistics integration in Asia. Conclusions- China-Korea FTA can encourage private flow to take on enterprises. In terms of improving logistics efficiency, reducing logistics costs and establishing a unified logistics industry standardization system. This will accelerate logistics industry integration in Northeast Asia, build a unified logistics management center in Northeast Asia, and promote a new model of integrated logistics cooperation in Northeast Asia. Therefore, it has a practical and reference significance.

International Comparison of Railway Freight Performance (국가별 철도물류 운영현황 비교연구)

  • KIM, Young Joo;KWON, Yong Jang;HUR, Jun;CHUNG, Sung Bong
    • Journal of Korean Society of Transportation
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    • v.33 no.5
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    • pp.431-440
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    • 2015
  • This study aims to quantify the railway freight performance using various indicators, to compare it over many countries, and to evaluate efficiency of railway freight in Korea. The indicators developed in this study was classified into two categories; country-specific and company-specific indicator. The former includes freight train density, average gross train load and average haul while the latter contains revenue/ton-km, ratio of operating costs to revenue, revenue per employee, ton-km per employee, costs per ton-km and ratio of labor costs to total operating costs. The results of this study shows that Korail performance is in low efficiency due to multi-frequency small amounts transport. The productivity of railway freight in Korea represented as ton-km per employee appears to be lower than that of other oversea companies considered in this study.

The Importance of International Transport and Logistics Infrastructure in the Economic Development of the Country: The Case of the EU for Ukraine

  • Atamanenko, Yuliia;Komchatnykh, Olena;Larysa, Sukhomlyn;Viacheslav, Didkivskyi;Sulym, Borys;Losheniuk, Oksana
    • International Journal of Computer Science & Network Security
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    • v.21 no.3
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    • pp.198-205
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    • 2021
  • For twenty years, in the EU there has been a trend of a lack of maritime infrastructure and a redundance of the road one, which has a negative impact on the economy. The intermodal transport market structure in the EU has not changed over the past ten years. The stability of transport systems due to the lack of changes in the transport market remains under threat, affecting supply chains and networks through the optimization of warehousing and transportation costs. The research methodology is based on a quantitative assessment of cause-and-effect relations between economic growth and transport and logistics in the EU. A statistical analysis of security indicators, intermodal and modal transport, international trade in goods within the EU and in the world trade in goods, the dynamics of GDP of the EU countries, the level of openness of the EU economy, investment and maintenance costs of different modes of transport and infrastructure has been carried out. The results show that in 2000- 2010 there were positive changes in the transport and logistics infrastructure of the EU, which had a positive effect on trade, openness of the economy of the EU, GDP growth. However, at that time, negative effects of environmental impact and the load on road and rail transport were accumulating. Investment in different modes of transport is limited, and technical maintenance and infrastructure maintenance costs form a significant part of GDP of the EU. A slowdown in economic growth leads to budget constraints and infrastructure financing gap. As a result, the freight and passenger intermodal and modal transport market structure remains virtually unchanged. The load on rail and road transport remains stable, despite the reduced level of transport hazards. Transport productivity has declined over the past ten years. Herewith, the intensification of trade and the openness of the EU economies require constant modernization and innovative renewal. The EU policy in this direction remains normative, uncontrolled, which is reflected in investment differences within the EU and maintenance costs.

Simulation Study on the Calculation of Weapon System's Operating Maintenance Costs to develop LCS-P (LCS-P 개발을 위한 무기체계 운용유지비 산출 시뮬레이션 연구)

  • Kim, Kyung-Rok;Kim, Hee-Wook;Jeong, Jun;Cha, Jong-Han;Jeong, Do-Sik
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.9
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    • pp.82-91
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    • 2020
  • Recently, the research and development of weapon systems have expanded from ILS centered on acquisition costs to LCS, including operating maintenance costs. Regulations define the provision and formula of operating maintenance costs, but this does not consider the characteristics of the design and operation/maintenance of real weapon systems based on engineering calculations. Therefore, this study suggests a simulation design method to complement these areas and produce more accurate operating maintenance costs. The research procedures are as follows. First, the provision and formula of operating maintenance costs were defined to make the simulation results applicable. Second, a simulation model was developed by reviewing design considerations so that the simulation results reflect reality more accurately. The design considerations include the PBS of weapon systems, operation schedules, specifications for operation/maintenance/warehouse facilities, and basic cost information (personnel expense and spare part/equipment cost). This study is expected to be effective in calculating the operating maintenance costs more easily and accurately.

A study on the activation plan of domestic franchise companies third party logistics (국내 프랜차이즈 기업의 제3자 물류 활성화에 관한 연구 : 본아이에프 사례 중심으로)

  • Cho, Jun-ho;Lee, Sang-Youn
    • The Journal of Industrial Distribution & Business
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    • v.2 no.2
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    • pp.15-24
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    • 2011
  • Modern enterprises should concentrate their efforts on continuous improvements in focusing their development in the core areas of business and to reduce their expenses and to enhance the quality of service for customers. The enterprises should focus on their core business while outsourcing the non-core areas of business to external specialists for the purpose of reducing cost. In South Korea, the enterprises are becoming increasingly interested in outsourcing their logistics function, especially in using IT technologies to the 3PL. The underlying reason for this trend is because the logistics costs of Korean businesses are much higher than that of other advanced countries. This higher logistic costs weakens the price competitiveness of Korean companies in the overseas export markets and even dampening the balance of international trade. Domestically, the higher logistics costs have the effect of raising prices in the local markets and thus affecting the local economy. Therefore a solution is urgently needed to save the logistics costs for the Korean companies in the interest of increasing national competitiveness. Outsourcing to the 3PL is becoming an attraction solution to this problem. Thanks to the increasing supply of professional logistics companies, many of the enterprises are switching to the Third Party Logistics. Nevertheless the enterprises do not yet utilize the integrated third-party logistics services on a full scale. This study analyzes present conditions and problems of the domestic third-party logistics market and suggests directions for future development. To solve the problems in the domestic third-party logistics market, four actions are recommended. First there should be new supporting policies in the laws and regulations and a system for small and medium sized companies to grow. Solutions to structural problems such as abnormal multilevel merchandising, illegal operation of private cars, and freight dumping should be implemented concurrently. Furthermore, standards for new companies entry into the market should be enhanced to allow only the competitive distribution companies to enter the market. Second, development of variety of educational programs is needed through establishing human-resource development system and specialized formal educational institution focused on this market. Third, the third party distribution companies, which seek long-term relationships with the owners of goods, should endeavor to strengthen their communications capability. Fourth, adoption of high-tech distribution system and the advent of U-Logistics, making use of RFID is urgent. This study has the limitation of objectivity because it does not include various comparative case studies about companies relating to the Third Party Logistics and domestic franchise companies. However, this study is significant to the extent that it analyzes the general present conditions and the problems of domestic Third Party Logistics and suggests recommendations for revitalization of Third Party Logistics. For future studies, analyzing the successful cases of international third party logistics companies' empirical data and studying the application into domestic franchise companies would improve the objectivity of the results. This would assist the domestic third party logistics companies not only to perform excellent domestic logistics function but also to enter into the global market for international logistics.

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Determinants and Optimum Modelling of Logistics Outsourcing Strategy (물류(物流) 아웃소싱 전략(戰略) 결정요인(決定要因) 및 최적(最適) 모델)

  • Song, Gye-Eui
    • THE INTERNATIONAL COMMERCE & LAW REVIEW
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    • v.13
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    • pp.283-302
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    • 2000
  • The firms aim to acquire services and costs advantage from logistics outsourcing strategy. But it is very important to select optimum service provider. A checklist of the criteria for the evaluation of service providers follows : service quality, low cost, logistics information system, service network, financial stability, investments in plant and equipment, management attitude and lookout for the future strategic fit, cultural and psychological barriers etc. Also, a 8-step implement of logistics outsourcing strategy will be of help for maximizing benefits of logistics outsourcing. It follows : 1-step : logistics environment analysis, 2-step : check service provider availability, 3-step : logistics outsourcing determinant analysis, 4-step : select of optimum service provider, 5-step : contract with optimum service provider, 6-step : identify of remaining barriers, 7-step : performance of logistics outsourcing, 8-step : evaluation.

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The Development Strategy of the Container Port in the Innovation Process of Logistics (로지스틱스의 진화에 대응한 항만의 발전전략에 관하여 - (1) 국제물류에 있어서 제3자물류의 실태 및과제)

  • Lee, C.Y.;Yeo, K.T.;Kim, H.
    • Journal of Korean Port Research
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    • v.13 no.2
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    • pp.199-214
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    • 1999
  • Recently leading edge companies use the Supply Chain Management as a competitive weapon to secure and maintain customer loyalty. As a consequency they are concentrating resources on the company’s core business and employing strategic alliances with third-party providers to ensure the company provides its customers’desired logistics service levels at acceptable costs. Under this circumstances this paper surveys the third party logistics as a leading edge logistics industry coping with the progress of the supply chain management. The status and the type of the TPL including the Forwarder are analyzed in the view point of global logistics. Also the development strategy of third party logistics in the future is suggested.

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