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TRL4864 ASSIGNMENT 2 2024 ESSAY
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TRL4864 ASSIGNMENT 2 2024 ESSAY
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By: musandiwa93 • 4 months ago
By: tatendamuzavazi • 4 months ago
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TRL4804 ASSIGNMENT 2 2024AN ESSAY ASSIGNMENT WITH EXAMPLES
, Table of Contents
TITLE: Logistics costs optimisation in South Africa .................................................... 3
Details of the author ................................................................................................... 3
Introduction ................................................................................................................ 3
Transportation Economics and Pricing Factors to Reduce Transport Costs ........... 3
Route Optimization.............................................................................................. 3
Freight Consolidation .......................................................................................... 4
Negotiation with Carriers ..................................................................................... 4
Load Planning ..................................................................................................... 4
Technology Integration ........................................................................................ 4
Fuel Management ............................................................................................... 4
Outsourcing vs In-House ........................................................................................ 4
Dynamic Pricing Models ...................................................................................... 5
Economic Advantages of Strategic Warehousing ................................................... 5
Reduced Inventory Holding Costs ....................................................................... 5
Improved Order Fulfilment .................................................................................. 5
Enhanced Inventory Management ...................................................................... 5
Lower Transportation Costs ................................................................................ 6
Scalability and Flexibility ..................................................................................... 6
Cost-Efficient Sourcing ........................................................................................ 6
Risk Management ................................................................................................... 6
Appropriate Materials Handling Systems to Reduce Labour Costs ..................... 6
Automation .......................................................................................................... 7
Warehouse Management Systems (WMS) ......................................................... 7
Lean Materials Handling ..................................................................................... 7
Ergonomic Equipment ......................................................................................... 7
Training and Development .................................................................................. 7
Inventory Layout Optimization ............................................................................. 8
Cross-Training Employees .................................................................................. 8
Real-Time Data Utilization................................................................................... 8
Conclusion ................................................................................................................. 8
References ................................................................................................................. 9
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