Logistics, Distribution, and Transportation - Chapter 15
Logistics: the art and science of obtaining, producing, and distributing material and product in the proper place and in the proper quantities
Why is it important?
Ensures efficient use of resources, reducing costs and time delays.
International logistics: managing these functions when the movement is on a global scale
Third-party logistics company: an outside company used to manage all or part of another company’s logistics functions
Transportation Modes:
Truck (highway)
Ship (water)
Plane
Rail (Train)
Pipeline
Hand delivery
Issues in Facility Location
• Proximity to customers
• Business climate
• Total costs
• Infrastructure
• Quality of labor
• Suppliers
• Other facilities
• Free trade zones
• Political risk
• Government barriers
• Trading blocs
• Environmental regulation
• Host community
• Competitive advantage
Plant Location Methods
Factor Rating System - a quantitative method used to evaluate potential plant locations by assigning weights to various factors such as transportation costs, labor availability, and proximity to markets
Transportation method of linear programming - a mathematical technique used to determine the most efficient way to transport goods while minimizing costs and meeting supply and demand constraints
Minimize costs of shipping n units to m destinations, x<=
Maximize profit of shipping n units to m destinations, x>=
Centroid method - a location analysis technique that determines the optimal location of a facility by minimizing transportation costs based on the distribution of demand and supply across different locations
In this example, for the Long Beach location (the first location), dix coordinate= 325, diy coordinate= 75, and Vi = 1,500 15-26