• Title/Summary/Keyword: Logistics costs

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The Competitive Time Guarantee Decisions Via Continuous Approximation of Logistics Systems (연속적 근사법에 의한 물류시스템의 경쟁적 시간보장 의사결정 최적화에 관한 연구)

  • Kim, Hyoungtae
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.37 no.3
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    • pp.64-74
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    • 2014
  • We show how a supplier can peg cost measures to the reliability of his time guarantees via the penalty costs considered in the framework. The framework also enables us to study the connections between the logistics network and the market. In this context, we show that even when the market base increases significantly, the supplier can still use the logistics network designed to satisfy lower demand density, with only a marginal reduction in profit. Finally we show how the framework is useful to evaluate and compare various logistics system improvement strategies. The supplier can then easily choose the improvement strategy that increases his profit with the minimal increase in his logistics costs.

A Study on Logistics Cost Management to Using Cost Volume Profit (CVP를 이용한 물류비 관리에 관한 연구)

  • Kim Jin-Sep;Kim Ong-Soo
    • The Journal of the Korea Contents Association
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    • v.6 no.7
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    • pp.22-30
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    • 2006
  • The goal of the company and profit maximization can be achieved by creating revenue or reducing costs. What can be done by the effort of the firm itself is possible through cost-reduction rather than through revenue-creation. Under this economic situation, one of the best way for cost-reduction is to reduce cost of logistics. But logistics costs of a firm is continually increased because of the various customer-satisfaction, competition. This study considers that logistics cost management system be able to apply business practice through to used only a merit of CVP(Cost - Volume Profit) analysis method for effective decision making. To conclude, this study depicts that logistics cost management according to used a merit of CVP analysis method can provide information useful for making strategy of logistics. In short, It is reduce to more costs of logistics investment than are necessary. and, I will expect a man who charge logistics to improvement, adaptation, and application.

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A Study on the Reduction of Import and Export Distribution Costs for Agricultural Products by Creating a Compound Logistics Complex (복합물류단지 조성에 따른 농산물 수출입 물류비용 절감에 관한 연구)

  • Kim, Byeong Chan
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.10 no.3
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    • pp.273-283
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    • 2014
  • Imported and exported agricultural products are facing a very difficult time due to the rising distribution costs spurred by the increasing labor and oil prices. High empty transfer rates, which take place on a return route after the regular transportation of imported and exported agricultural products, are especially a major cause of the rising distribution costs. In an effort to overcome those limitations, this study set out to examine the transportation stages connecting harbor warehouses, processing plants, and central distribution centers on the circulation route of such imported grains as wheat, barley, corn, and soybean and the transportation route from the warehouses devoted to exported agricultural products to harbors for such exported agricultural products as apple, pear, and persimmon in order to develop a model on the creation of a compound logistics complex for processing plants and transshipment of imported and exported agricultural products. The study also promoted the logistic rationalization of imported and exported agricultural products by creating a compound logistics complex that would combine processing plants for imported agricultural products and transshipment functions for exported agricultural products.

Establishment of the Real Time Logistics Information System Based on Web GIS (Web GIS기반의 실시간 물류정보시스템 구축)

  • Lee, Jae-Kee;Han, Dong-Seok;Park, Kyeong-Sik
    • Journal of the Korean Society of Surveying, Geodesy, Photogrammetry and Cartography
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    • v.25 no.4
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    • pp.365-372
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    • 2007
  • Enterprises requires the logistics information system to reduce logistics costs and ensure clearness of distribution. However, the system is adopted only by large corporations due to diversity of work and the initial cost for construction. In this study We have attempted to develop an information system capable of efficiently. Controlling and managing logistics by investigating division of duties and existing problem. Using small and medium-sized enterprises engaged in the distribution business as a model. For real-time monitoring of logistics information. We have constructed a system using new technologies such as GPS, mobile and wireless communications and made use of web GIS as infrastructure. Developed by the logistics information systems, We will control overall logistics work and reduce logistics costs and processing time as well.

The Economic Effects of Logistics Standardization (물류표준화의 경제적 효과 분석)

  • Lee Soon-Cheul;Hong Sungwook;Moon Dae-Seop
    • Proceedings of the KSR Conference
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    • 2004.10a
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    • pp.1665-1670
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    • 2004
  • In this study, we investigate how logistics standardization affects on the cost of the firm. For this study, we survey the firms' logistics standardization. The analysis of the effects of logistics standardization in the firm level finds that the firm may reduce its cost by 11.8$\%$ with its logistics standardization and decrease the logistics cost in the total Korean firm level by 5 trillion Won. This study also finds that the logistics standardization can reduce the total fright costs by 25 trillion Won.

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A Study on the Logistics Service Factor of Third Party Logistics Companies (3자 물류기업의 물류서비스 요인분석)

  • Jeong, Jae-Yun;Park, Ji-Hoon;Kim, Hwan-Seong
    • Proceedings of the Korean Institute of Navigation and Port Research Conference
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    • 2019.05a
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    • pp.129-130
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    • 2019
  • Korea manufacturers(SMEs) try to reduce logistics costs and make its efficiency by out-sourcing to a third party logistics company. It will improving logistics service for customers by reducing logistics management factors and decreasing related logistics. To reduce logistics cost, recently, logistics services have had a great effect on customer satisfaction, particularly, it is necessary to conduct detailed study on the effect on cost. In this study, firstly, we analyze the factor of improvement of logistics service of the third party logistics company based on the questionnaire and analyze quantitatively the effect of cost reduction compared to logistics service improvement through sensitivity analysis for each factor do. The purpose of this study is to clarify the relationship between logistics costs and the increase the logistic service factor.

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Perceptual Study on Higher Level Digitilization Among Managers in the Logistics Industry

  • Beleya PRASHANTH;Raman ARASU;Degeras KARUNANITHY
    • Journal of Distribution Science
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    • v.22 no.1
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    • pp.25-36
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    • 2024
  • Purpose: The study attempts to explore the operational performance of the existing Malaysian logistics companies and the extent of their adoption of digitalization. The role of digitalization in enhancing the performance of companies in the logistics industry in Malaysia, for value creation, is the topic of study. Research design, data and methodology: A qualitative research method with a semi-structured interview approach was applied and judgmental sampling was used as the sampling technique to collect data. The research has chosen nine companies in the logistics industry in Peninsular Malaysia, with the interviews aimed at eleven members of top and middle-level management. Data analysis was performed using logical system techniques to examine and evaluate data, reorganizing feedback, comparing it with literature, and transforming it into structured, valuable information after interviews. Results: The study revealed mixed opinions on digitalization in logistics, despite its potential benefits such as improved operational efficiency, real-time information, and customer service. However, high costs may hinder financial performance and require revisions due to stakeholder involvement. Conclusions: The Malaysian logistics industry's adoption of digitalization is gaining traction, with most companies satisfied with their status. However, challenges like cost and inefficiency persist, prompting calls for government support to improve efficiency and reduce costs while ensuring sustainable transportation.

A Study on the Efficiency of Logistics Systems through the Operation of a Freight Car Sharing Information System among Companies (화물차 공유를 통한 물류효율화 방안에 관한 연구)

  • Kim, Byeong-Chan
    • Journal of the Korea Society of Computer and Information
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    • v.19 no.10
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    • pp.197-205
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    • 2014
  • This study set out to develop a logistics rationalization model to reduce logistics costs including return route costs by using open information systems that overcame the limitations of the old closed logistics systems by the corporations and applying the principle of freight car sharing among them. In recent years, information infrastructure that can be easily shared by many such as information networks, however, One of the causes of rising logistics costs is high empty transfer rates on return routes after goods are transported from the distribution center of each company to consumption sites, It is propose to promote logistic efficiency and innovation. The study especially identified a logistics rationalization plan by examining and analyzing the stages of transportation on the circulation route of a distribution system from the distribution center of a corporation to consumption sites and the empty transfer rates and their current state.

A Study on the Effects of Reusable Packaging Materials through Module-Type Product Transportation on Logistics Costs (모듈형 제품수송을 통한 재사용 포장재 사용이 물류비용에 미치는 영향에 관한 연구)

  • Kim, Byeong Chan;Yang, Dae Yong
    • Journal of Korea Society of Digital Industry and Information Management
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    • v.10 no.3
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    • pp.261-272
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    • 2014
  • Home appliances go through a couple of packaging stages from the plant to consumers. The primary packaging, inner packaging for each part, happens for protection after products leave the plant. The secondary packaging happens in the unit of product, ensuring cushioning packaging to protect products from movement. The final tertiary packaging is for transportation and delivery. Each stage of product packaging, however, costs a lot of money because of disposable packaging materials used in each stage including vinyl, tapes, Styrofoam, and corrugated cardboards. Discarded packaging materials also cause environmental problems. In an effort to come up with a measure to solve those problems, this study proposed a plan to minimize logistics costs with semi-permanent packaging materials to replace disposable ones including Styrofoam, vinyl, and corrugated cardboards in the stages of inner packaging, cushioning packaging, product unit-based packaging, and transportation. The study also developed a model to cut down logistics costs by reducing various packaging stages including the primary, secondary, and tertiary stage only to the secondary one through module-type products instead of the transportation- and delivery-type ones, as well as demonstrated the excellence of the study through numerical analysis.

Analysis of Logistics Effects in Enterprises by the Medium of Standardization of Packing Containers (포장용기 표준화를 통한 기업 내(內) 물류효과 분석)

  • Won, You-Jon;Kim, Jin-Ho;Kim, Dong-Kyu
    • Journal of the Korea Safety Management & Science
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    • v.14 no.4
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    • pp.193-203
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    • 2012
  • In the limitless competition era of the 21st century, cost reduction is being highlighted as one of survival strategies of businesses. The first item for cost reduction of businesses is logistical costs. The most keenly required thing for this is to remove unnecessary elements, and the best way to realize it to cut down processes using automatic facilities. Packing container in logistics is like a facility. This study is intended to analyze reduction of costs, improvement of business process and reduction of working force through standardization of standardization, and logistics effects through improvement of environmental images in enterprises.