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Van der Laan et al. Teunter et al. Wang et al. For a comprehensive review, I refer the reader to Fleischmann et al. A typical feature in reverse logistics and closed-loop supply chains is the quality uncertainty of acquired used product, which is usually expressed by a random remanufacturing yield and has been studied in some recent papers. Inderfurth [ 50 ] shows that the uncertainty in returns and demand can be an obstacle to an environmental-benign recovery strategy within a reverse logistics system.

Inderfurth and Langella [ 51 ] develop heuristics for the problem of obtaining parts for remanufacturing by disassembling used products or procuring new ones, under the consideration of random disassembly yields. The main premise is that remanufacturing costs will go down if only the returned products with better quality are remanufactured.

Ketzenberg et al. Zikopoulos and Tagaras [ 55 ] investigate the production problem in a reverse supply chain consisting of two collection sites and a refurbishing site and examine how the profitability of reuse activities is affected by uncertainty regarding the quality of returned products.

Denizel et al. Although the research on remanufacturing systems is vast, there are only a few papers that consider a market-driven acquisition channel for used products. Guide and Jayaraman [ 57 ] and Guide and van Wassenhove [ 58 ] are the first to investigate this field, pointing out the importance of used product acquisition management to deal with the uncertainty in timing, quantity, and quality of the returned products. Guide et al. Bakal and Akcali [ 60 ] extend the model of Guide et al. Karakayali et al. Nasiry and Popescu [ 63 ] study the dynamic pricing implications of a new, behaviorally motivated reference price mechanism based on the peak-end memory mode, which suggests that consumers anchor on a reference price that is a weighted average of the lowest and most recent prices.

They find that a range of constant pricing policies is optimal for the corresponding dynamic pricing problem. Nasiry and Popescu [ 64 ] further characterize the effect of anticipated regret on consumer decisions and on firm profits and policies in an advance selling context where buyers have uncertain valuations.

Policies & Information

They show that firms may offer high availability of goods despite the presence of conspicuous consumption and scarcity strategies are harder to adopt as demand variability increases. It is found that the loss due to strategic customer behavior can be less with two product variants compared to the single-product benchmark, which indicates that product variety can serve as a lever when dealing with strategic customers.

Cachon and Swinney [ 67 ] consider a retailer that sells a product with uncertain demand over a finite selling season, with three types of consumers: myopic, bargain-hunting, and strategic consumers. They find that the retailer stocks less, takes smaller price discounts, and earns lower profit if strategic consumers are present than if there are no strategic consumers, and a retailer should generally avoid committing to a price path over the season. Another stream of research focuses on the risk attitude of the firms in the supply chain.

Other recent works employing similar methodology to investigate supply chain problem include H. Lau and A. Lau [ 69 ] on supply chain model with return policy, Buzacott et al. From the above analysis, we can absorb the following insights and future directions in the area of operations research of logistics and supply chain management.

The traditional research in this regard is related to perishable product, fashion product, and electronic product, which have short life cycle. Nowadays, such topics might include city logistics, emergency logistics, and agriculture supply chain. Second, new directions on logistics and supply chain management can be brought about by the development of economy and technology. A typical example is the information technology which leads to the research on e-business and related distribution channel choice.

Nowadays, the common usage of RFID, cloud technique, and big data can be important research directions for future study. Third, the environmental related research will continue to be big issue. With the steady increase in global population and economic scale, resource crisis, ecological damage, environmental pollution, and other issues have drawn universal concern. It has been the consensus of the international community to attain socioeconomic sustainable development through a greener economic pattern and lifestyle. Many countries create a new outlook in industrial and technical competition by increasing investment in the green logistics and supply chain field, formulating and implementing various bills, plans, and strategies, and strengthening the implementation of green economic development strategy.

In the future, the range of this topic will not only be just remanufacturing, reverse logistics, and closed-loop supply chain. Low-carbon issues can be an important research direction. Finally, multimethodology is an important direction for future study. Traditionally, major research methodologies in operations management can be classified into several categories, such as theoretical modeling, computation and simulations, surveys, cases, event studies, and behavioral experiments. In recent years, there is an emerging trend towards combining multiple research methodologies to explore research problems in logistics and supply chain management.

For example, in addressing the issues of supply chain coordination, some papers establish the respective models and verify the findings by real-world cases and some papers conduct behavioral experiments with the goal of exploring the real-world relevance of some theoretical models. Moreover, the number of the papers with new applications of the existing methodology, such as cooperative game and behavior operations, is expected to grow continuously. The author declares that there is no conflict of interests regarding the publication of this paper.

The author gratefully acknowledges the support by the Fundamental Research Funds for the Central Universities, no. Discrete Dynamics in Nature and Society. Indexed in Science Citation Index Expanded. Journal Menu. Special Issues Menu. Subscribe to Table of Contents Alerts. Table of Contents Alerts.

[INFOGRAPHIC] The Evolution and History of Supply Chain Management

Abstract There has been consensus that logistics as well as supply chain management is a vital research field, yet with few literature reviews on this topic. Introduction Organizations adopt numerous business improvement methodologies to improve business performance. Conception and Scope 2. Logistics Logistics is the management of the flow of goods between the point of origin and the point of consumption in order to meet some requirements, for example, of customers or corporations. Hot Issues Due to the extensive research ranges in operations management of logistics and supply chain management, we cannot possibly make a comprehensive review in one paper.

Inventory and Transportation Management on Specific Fields As has been pointed out in the previous section, the operations research on logistics management still mainly focuses on the traditional domain, that is, the inventory including production planning and transportation management. Sourcing and Marketing in Supply Chain Sourcing is the first step in a supply chain. Green Logistics and Supply Chain Green logistics refers to a logistics form which plans and implements green transport, green storage, green packaging, green circulation processing, green recovery, and other activities via advanced logistics technology.

Insights and Future Directions From the above analysis, we can absorb the following insights and future directions in the area of operations research of logistics and supply chain management. Conflict of Interests The author declares that there is no conflict of interests regarding the publication of this paper. Acknowledgment The author gratefully acknowledges the support by the Fundamental Research Funds for the Central Universities, no. References Y. Kathawala and K. View at Google Scholar J. Mentzer, W. DeWitt, J. Keebler et al. View at Google Scholar R.

Lamming and J.

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Content: Logistics Vs Supply Chain Management

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Difference Between Logistics and Supply Chain Management (with comparison chart) - Key Differences

Dekker, and L. Teunter, E. Wang, J. Zhao, and X. Tang and R. Aras, V. Verter, and T. Fleischmann, J. Bloemhof-Ruwaard, R. Experts in logistics, compliance, and commerce technology, BluJay Solutions helps companies worldwide move goods efficiently, safely, and on time with Frictionless Supply Chain.

These limitations make it difficult to optimize supply chain operations — and the business is exposed to unnecessary disruptions, delays and risks, as well as increased costs. Learn how you can use the power of AI and blockchain to drive greater supply chain visibility and mitigate disruptions. Kearney, as the author and researcher, and with Penske Logistics continuing its longstanding role as presenter of the report. Although recently the surge in rates has started to plateau slightly, the industry outlook for the foreseeable future is for continued imbalance in supply and demand in the market.

As a result, shippers must become more efficient in how they award lanes and become more attractive to carriers. Transportation risk in the supply chain is ever present. Losses incurred in this space often impact the bottom line, and at their worst are catastrophic. While federal oversight of the transportation industry, led by the FMCSA, has made strides in improving overall safety on the road, many risks remain that shippers are exposed to and must manage themselves — especially in the absence of a strong national hiring standard. Just as every team fumbles the ball sometimes, every supply chain gets disrupted at one point or another.

The trick is to be prepared beforehand so that you know how to respond. This preparation will not only help you get back up and running faster but may also lead to a competitive advantage.

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