Introduction

DHL logistics company in Singapore

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Executive summary

The DHL logistics company is basically from Singapore but also spread the business all over the world in the logistics operational field. This company believes in innovation and also uses modern technology to improve the service process inside the organization. This organization brings customers from different locations and also collaborates with different organizations to increase business operation. The DHL logistics private company also ensures quality production services to the customers and also focuses to fulfil their preferences. Leaders of this industry invest in research and in the technological department to upgrade the business and also provide the solutions to improve lives and also sustainability.

Table of Contents

Introduction. 4

Discussion. 4

Current order processing. 4

Inventory control 4

Use of ICT technology in logistical operation. 5

Theory. 5

Concepts found in logistics management 7

Conclusion. 8

Reference. 9

Introduction

In this assessment, the operation process and the logistics management of the DHL Logistics Company are discussed which is based in Singapore. This company is one of the most popular companies which provide logistics service all over the world. This logistics management company works with more than a hundred countries and also engages with supply chains in the international market. This company was founded in 1970 and headquarter of this company is in Changi in Singapore. This company provides warehouse service and also logistics service in so many countries. This company provides a supply chain and the specialty of this organization is packaging and transportation systems.

Discussion

Current order processing

This organization is the popular leader of logistics supply management and also implements innovative operations solutions in logistics. Currently, the order process of this company is to deliver parcel packaging service internationally. It also provides solutions to the e-commerce section. This organization helps to present the framework which also helps to optimize the transportation problem (Arkhipov et al., 2020). This organization transports their service through the ground level and the transportation process of the company is good. This organization also engaged with logistics supply chain management. Lots of employees are connected with this organization to provide the service of goods transportation. This organization is the largest logistics service provider which also runs its business in the international market.

Inventory control

Inventory control is the appropriate process that ensures the maintenance process and also manages the stock amount of the business process. This process also gives the benefits of reinforcement learning and also helps to describe the design choices (Boute et al., 2021). DHL Logistics Company uses the inventory control process to meet the demands of the customers. Through this inventory control process, the DHL logistics company is also able to reduce the manufacturing costs of the products and also can be able to reduce the cost of storage. Through this process, the employees of the DHL Company are able to check the currency activities and also are able to check the stock of the organization. This process ensures the supply in the right amount which is helpful for the organization.

Use of ICT technology in logistical operation

Information and communication technology is used in a logical operation to get quick and better access to the networks which is important for the business. DHL Logistics Company used this ICT technology in the e-commerce section to interact with the customers. Portable logistics operations play a major role through which the physical resources are transferred. It helps to finalize the workshop and also helps to get the view of the customers and the stakeholders (Sarkar & Shankar, 2021). The integration of information technology has rapidly increased in the last few years in the logistics operation sectors. The advanced technology of information helps to collect the data and also helps the managers in the decision-making process in the logical operations of the organization. Shipping industries like DHL Logistics Company also get the benefits from this technology to identify and generate huge data. This technology helps to capture the information from different interfaces which is helpful for the organization.

Theories

Logistics theory helps to manage the important tasks and the supply chain process and also helps to control the products and services. It helps to control the process of goods flow. There are many theories related to logistics management and one of them is discussed below.

Stakeholder theory

This theory in logistics management helps to give the important strategy which is helpful for the logistics operation. It is the science that manages the information and controls the service process of logistics companies. This stakeholder theory helps to get the ground-level data and also demonstrates different levels of reports which give an idea of influencing factors of sustainability (Herold, 2018). This theory helps to identify the purpose of the organization and also sets a clear vision for the company. This theory gives the approach to handle the capitalism problem and trades related problems. It also helps to connect with business ethics which is helpful for the organization.

Figure: stakeholder theory

Source: (Herold, 2018)

Improvements after applying theories

Through this theory, the managers of DHL logistics companies are able to understand the relationship between supply chain management and stakeholders. Through this theory, they are able to understand the sourcing strategy which gives the idea of locally available resources. It gives a view of the resources and also helps to explore the framework which handles the stakeholder’s pressure (Baah et al., 2021). This stakeholder’s theory also helps the managers of the company in the decision-making process. It also helps to improve the production practices and also improve the financial performance. After applying this theory the managers of the organization learn to adopt initiatives that are mandatory for the organization.

Concepts found in logistics management

The core concept of this management process is to make a plan for the logical operation which creates a smooth way for logistics management. This process is an important part of the supply chain management process.

Figure: concept of logistics management

Source: (Herold, 2018)

Logistics management helps to implement and also control the production and service process. This process also helps to collect different data from their origin which helps to regulate the process in the organization. Warehousing, transportation, and getting the information are the important concepts that have been found in the logistics management of the supply chain. This logistics management process gives the concept of proper utilization of time and place.

Conclusion

After going through the entire ascent it can be concluded that DHL Logistics Company is spreading its business all over the world. It is the leading logistics service provider company. This organization fulfils the tradition of management and also focuses on its value. The managers of the company are able to tackle the competition at the international market level. This organization adopts the use of information technology to get the data from various platforms which is helpful for spreading the business of this company. The stakeholder theory also helps this organization to uplift the business process and also helps to achieve the goal within time.

Reference

Arkhipov, D. I., Wu, D., Wu, T., & Regan, A. C. (2020). A parallel genetic algorithm framework for transportation planning and logistics management. IEEE Access, 8, 106506-106515. DOI https://doi.org/10.1109/ACCESS.2020.2997812

Baah, C., Opoku-Agyeman, D., Acquah, I. S. K., Agyabeng-Mensah, Y., Afum, E., Faibil, D., & Abdoulaye, F. A. M. (2021). Examining the correlations between stakeholder pressures, green production practices, firm reputation, environmental and financial performance: evidence from manufacturing SMEs. Sustainable Production and Consumption, 27, 100-114. DOI: https://doi.org/10.1016/j.spc.2020.10.015

Boute, R. N., Gijsbrechts, J., van Jaarsveld, W., & Vanvuchelen, N. (2021). Deep reinforcement learning for inventory control: A roadmap. European Journal of Operational Research. DOI :https://doi.org/10.1016/j.ejor.2021.07.016

Herold, D. M. (2018). Demystifying the link between institutional theory and stakeholder theory in sustainability reporting. Economics, Management and Sustainability, 3(2), 6-19. Retrieved from: https://www.ceeol.com/search/article-detail?id=780463

Sarkar, B. D., & Shankar, R. (2021). Understanding the barriers of port logistics for effective operation in the Industry 4.0 era: Data-driven decision making. International Journal of Information Management Data Insights, 1(2), 100031. DOI: https://doi.org/10.1016/j.jjimei.2021.100031