A model for managing logistics costs throughout a product’s life cycle: a case study of a multinational manufacturing company
The goal of the study is to develop a model that focuses on managing logistics costs at all stages of a product’s life cycle. The model includes several different cost components and provides a wider coverage of individual processes, as logistics costs are present in different areas of a company’s o...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Vilnius Gediminas Technical University
2019-10-01
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| Series: | Transport |
| Subjects: | |
| Online Access: | https://journals.vgtu.lt/index.php/Transport/article/view/11080 |
| _version_ | 1818892781265879040 |
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| author | Sebastjan Škerlič Edgar Sokolovskij |
| author_facet | Sebastjan Škerlič Edgar Sokolovskij |
| author_sort | Sebastjan Škerlič |
| collection | DOAJ |
| description | The goal of the study is to develop a model that focuses on managing logistics costs at all stages of a product’s life cycle. The model includes several different cost components and provides a wider coverage of individual processes, as logistics costs are present in different areas of a company’s operations. The applicability of the proposed method was tested in a multinational company that manufactures furniture fittings on a randomly selected product. The test results provide a theoretical and practical confirmation of the necessity to manage the logistics costs for an individual product, since other models are focused exclusively on the cost optimisation of individual logistics processes. The model therefore complements the existing knowledge and represents a practical tool for logistics professionals that enables more efficient logistics costs planning at an early stage in the development of a product, which can result in the long-term reduction in the total costs of logistics and improve the quality of business processes.
First published online 28 August 2019 |
| first_indexed | 2024-12-19T18:02:09Z |
| format | Article |
| id | doaj.art-e30f94814e564acfabb6462255188cb4 |
| institution | Directory Open Access Journal |
| issn | 1648-4142 1648-3480 |
| language | English |
| last_indexed | 2024-12-19T18:02:09Z |
| publishDate | 2019-10-01 |
| publisher | Vilnius Gediminas Technical University |
| record_format | Article |
| series | Transport |
| spelling | doaj.art-e30f94814e564acfabb6462255188cb42022-12-21T20:11:36ZengVilnius Gediminas Technical UniversityTransport1648-41421648-34802019-10-0134510.3846/transport.2019.11080A model for managing logistics costs throughout a product’s life cycle: a case study of a multinational manufacturing companySebastjan Škerlič0Edgar Sokolovskij1Faculty of Maritime Studies and Transport, University of Ljubljana, Portorož, SloveniaDept of Automobile Engineering, Vilnius Gediminas Technical University, LithuaniaThe goal of the study is to develop a model that focuses on managing logistics costs at all stages of a product’s life cycle. The model includes several different cost components and provides a wider coverage of individual processes, as logistics costs are present in different areas of a company’s operations. The applicability of the proposed method was tested in a multinational company that manufactures furniture fittings on a randomly selected product. The test results provide a theoretical and practical confirmation of the necessity to manage the logistics costs for an individual product, since other models are focused exclusively on the cost optimisation of individual logistics processes. The model therefore complements the existing knowledge and represents a practical tool for logistics professionals that enables more efficient logistics costs planning at an early stage in the development of a product, which can result in the long-term reduction in the total costs of logistics and improve the quality of business processes. First published online 28 August 2019https://journals.vgtu.lt/index.php/Transport/article/view/11080logistics costslogistics processeslogistics costs managementproduct’s life cyclemanufacturing companycase study |
| spellingShingle | Sebastjan Škerlič Edgar Sokolovskij A model for managing logistics costs throughout a product’s life cycle: a case study of a multinational manufacturing company Transport logistics costs logistics processes logistics costs management product’s life cycle manufacturing company case study |
| title | A model for managing logistics costs throughout a product’s life cycle: a case study of a multinational manufacturing company |
| title_full | A model for managing logistics costs throughout a product’s life cycle: a case study of a multinational manufacturing company |
| title_fullStr | A model for managing logistics costs throughout a product’s life cycle: a case study of a multinational manufacturing company |
| title_full_unstemmed | A model for managing logistics costs throughout a product’s life cycle: a case study of a multinational manufacturing company |
| title_short | A model for managing logistics costs throughout a product’s life cycle: a case study of a multinational manufacturing company |
| title_sort | model for managing logistics costs throughout a product s life cycle a case study of a multinational manufacturing company |
| topic | logistics costs logistics processes logistics costs management product’s life cycle manufacturing company case study |
| url | https://journals.vgtu.lt/index.php/Transport/article/view/11080 |
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