Describe how what was learned in this mass merchandising industry could be applied to the logistics challenges in some other industry.
Would the logistics criteria for decision making be the same as for mass merchandising? Why or why not?
Would the logistics metrics be the same as for the mass merchandising industry? Why or why not?
This article would examine whether what was learned in mass merchandising industry could be applied to the logistics challenges in some other industry, and whether the logistics criteria for decision making and logistics metrics would be the same across all industries.
The mass merchandising industry faces issues of supply chain management. Mastering the challenge of moving a product to and from the store to its intended location presents numerous challenges (Wisner, 2011). This challenge can be applied in other industries through the adoption of advanced tracking system, which can be used to track the movement of goods from one place to another, either locally, or globally (Wisner, 2011). This would enable organisations in different industries to track the distribution and sale of its products among its diverse retail store across the local, or global market.
The logistics criteria for decision making would be the same in other industries, as it is for mass merchandising industry (Wisner, 2011). There are several decision making criteria that must be considered when locating logistics domestically, or internationally. The decision making criteria involves the following factors; facilities, feasibility, community and site, labour analysis, logistics, trading zones, political risks involved, government regulation, incentives and environmental regulation (Wisner, 2011). The challenges and opportunities facing logistics in various industries are the same; therefore, the decision making criteria is the same.
The decision making metrics would be same across various industries. This is because the various metrics used to examine the success of supply chain in mass merchandising industry and other industries is the same These logistics measures include on-time performance, fill rate, responsiveness, lead time, and inventory metrics (Wisner, 2011). Theses metrics is selected because of their ability to be ascertained using some determinable factors, which can be applied in all industries regardless of the nature, and the market being served. Logistic manager must take into account all these metrics in decision making process (Wisner, 2011).
In conclusion, it was determined that what was learned in mass merchandising industry could be applied to the logistics challenges other industry, and the logistics criteria for decision making and logistics metrics would be the same across all industries.
Wisner, J. D. (2011). Principles of supply chain management: a balanced approach. New York: Cengage Learning.