Logistic Risks Analysis in Iron and Steel Companies’ Supply Chains
MAGAZINE №5 (76) October 2016
AUTHORS
DUDINSKAYA M.V. - graduate student, National Research University Higher School of Economics (Moscow, Russia)
CATEGORY The uncertainty and risks in supply chains
ABSTRACT
In the article current condition of Russian metals industry is analyzed, the efficiency is evaluated and the internal and external factors, which determine Russian iron and steel companies’ competitive edge at global and domestic market, are brought to light. For the purpose of finding the additional reserve of Russian iron and steel companies’ effectiveness improvement, the analysis of the companies’ logistic strategies and their realization tools was undertaken. Moreover, the internal factors which increase iron and steel companies’ supply chains sensitivity to logistic risks are reviewed. Then, the main problem areas in their functioning and potential development ways are determined.
As follows from the analysis of current investigations in the field of logistic risks management in supply chains, supply chain event management and system approach principles the logistic risks classification in supply chains was developed. Based on it, risks identification procedures realization, risk management policies development and logistic controlling system design are proposed.
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Understanding The Company’s Inventory Structure As an Inventory Management Tool
MAGAZINE №5 (76) October 2016
AUTHOR PODOLNAYA M.M.
CATEGORY Inventory management
ABSTRACT
Inventory reduction has become one of the main activities undertaken by most companies both in Russia and in the world. Companies strive to be efficient, especially in the present situation of the economic recession. However, it is often the case that management does not fully understand what lies behind the dry figures of financial reports. Inventory is necessary for any company, it helps the company to function properly and meet the customers’ demand on time. Therefore, thorough planning is crucial before any project on inventory reduction comes into effect. The first step for this project should be understanding the inventory structure. Without such understanding the company runs the risk of out of stock situation which results in profit lost and customers dissatisfaction.
There is a lot of information in both electronic and printed resources about how one can stratify inventory, basing on the goods’ position in the production process, or the purpose the inventory serves, or some other criteria. We will look at the example of a global FMCG company, which divides its inventory into several categories basing on the category’s purpose or root-cause of existence (transit, block, quarantine, prebuild, safety, cycle, overstock, residual). The company’s example shows how inventory can be successfully managed, taking into consideration each category’s specifics and addressing them by various means capable of influencing exactly this type of inventory, thus reducing stock on hand while not endangering service level.
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Classification of different types of flows and legal relations in logistics systems deliver cargo
MAGAZINE №6 (59) December 2013
AUTHOR Bagimov A. V - Deputy General Director of JSC "Mechel-Trans"
CATEGORY Terminology in Logistics and SCM Transportation
ABSTRACT
The article hypothesized classification of logistics based on topological networks. Asked to identify the material (transport, freight) and intangible flows (virtual) flows generated by the regulatory information that ensures the availability of legal links between the market of transport services.
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Features of stockpile management at the mining enterprises
MAGAZINE №1 (54) February 2013
AUTHOR Sokolova O. G.
CATEGORY Corporate logistics industrial companies Optimization and economic-mathematical modeling Inventory management
ABSTRACT
The logistic chain of mining company is analyzed, since mining and finishing shipment of finished goods to the consumer. Considering features of functioning of the mining enterprises ways of stockpile management are offered: in a subsoil, in enterprise warehouses (inventory holdings, stocks of ore and finished goods), stocks of a work in progress and in enterprise dumps. It is shown that use of different types of stocks demands optimization of their size.
Keywords:
Analysis of international practices of logistics costs accounting and classification in supply chains
MAGAZINE №6 (67) December 2014
AUTHOR SERGEEV V.I., ZININA D.I.
CATEGORY Reviews and Analytics Terminology in Logistics
ABSTRACT
The paper considers the problems related to accounting, control and analysis of logistics costs both at the global level (country, industry) and at the level of an individual company that is of highly topicality in the context of different approaches comparison and best logistics solutions identified. The analysis of international accounting practices and classification of logistics costs in the supply chain are conducted. In particular, the article considers the unique experience of assessing logistics costs during controlling of logistics in renowned German consulting companies ZLU and Barkawi Management Consultants GmbH & CoKG. It is shown the importance of comparing the existing international system of estimating the total logistics costs, as the last metric is the main indicator of processes effectiveness in the supply chains.
It is studied the principles and methodological approaches of structuring logistics costs, the requirements of information collection and the costs dynamics of non-industrial companies in Europe. A review and comparative analysis of possible approaches to the assessment of logistics costs used in the works of domestic scientists are provided. It is posed practical recommendations for monitoring and analyzing of logistics costs in Russia at macro and micro level as well as it is signified the problems of total costs components evaluation in supply chains of Russian companies.
Keywords:
Costs classification at creation of logistic chains of delivery
MAGAZINE №2 (64) April 2015
AUTHOR SOKOLOV V.K., BORODULINA S.A.
CATEGORY Terminology in Logistics and SCM Transportation Providers of logistics services
ABSTRACT
Currently, there is instability in the transport and logistics market. Some logistics operators using customer incompetence, lack of a unified methodology for costs assessing try to use highest tariffs. Development of logistics costs classification is a very important issue at the moment.
Each transport and logistics company uses its own approach to the definition and calculation of these costs. Logistics costs classification is very important for cargo owners as it can be the basis for determining the types, sources and the value the costs for logistics operations. The article contains the results of a study on the composition of logistics costs for each participant in the supply chain: the sea carrier, warehouse, freight forwarders, road transport.
The authors systematized costs (as general, individual and specific groups for each member of the logistics chain), created logistics cost classification. Costs were grouped according to uniform operations in each of the groups. Authors justified the practical significance of the logistics costs classification. The article describes forwarder functions, its coordinating role in the delivery of cargo in the supply chain. The authors presented the forwarder logistics costs, justified for their own costs and expenses of forwarders clients.
Such a way the authors proved the importance of the logistics costs classification. The authors also pointed out the possibility of cost savings that will be used in further studies.
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