For the total rewards program, the company must evaluate against overall corporate objectives, which include a mix of financial measures and operating measures. These all relate to employee engagement, which lies on the heart of FedEx's human resources philosophy of PSP -- people, service, profit (Scott & McMullen, 2010)
, 2004). Apart from that, logistics is an area of resource which can enable newer strategic tactics application in the industry (Abrahamsson and Stahre 2003)
The logistic channels are becoming intricate and lengthy, it involves more channel members as well which makes the system ever so complicated and dense (Sakchutchawan, 2011). Apart from the alteration of the business functions from national to international, logistic information systems (LIS) are deemed as instant driver of success in business marketplace (Bardiet al
The resource advantage theory stipulates that having edge in resources paves way for competitive edge in the market. The resources of a company consist of: Assets Processes Information Knowledge These factors improve competency and efficacy (Barney, 1991)
Both think that information technology is a prime resource that can be utilized in case of making decisions which hence propel flexibility, efficiency and logical effectiveness. Bowersox says that the leading ten distinguishing factors between top firms and average companies is that their willingness to pave way for newer technologies to take over (Bowersox, et
Both think that information technology is a prime resource that can be utilized in case of making decisions which hence propel flexibility, efficiency and logical effectiveness. Bowersox says that the leading ten distinguishing factors between top firms and average companies is that their willingness to pave way for newer technologies to take over (Bowersox, et
Hence they established that companies can gain competitive edge by strategy development and implement them in logistics segment (Day and Wensley, 1988). In the present aviation logistic climate, the competition is tight and companies need to step up their game, build and create value in the industry (Brewer and Hensher 2001)
Aviation logistics is all about time and quality in essence as its imperative for majority of the firms especially for those present in the merchandise/commodity/goods marketplace. In the words of Christopher and Bowersox, the implementation of logistics systems was fore more necessary in comparison to marketing strategies (Christopher, 1998; Bowersox et al
Aviation logistics is all about time and quality in essence as its imperative for majority of the firms especially for those present in the merchandise/commodity/goods marketplace. In the words of Christopher and Bowersox, the implementation of logistics systems was fore more necessary in comparison to marketing strategies (Christopher, 1998; Bowersox et al
Necessity of information flow in logistic channels is deemed imperative just as important as material flow. In words of Closs, he thinks that information technology affects the entire face of logistics business (Closs1997)
But simultaneously resources are also needed for that matter. Hence they established that companies can gain competitive edge by strategy development and implement them in logistics segment (Day and Wensley, 1988)
Undoubtedly, information technology is shaping the aviation logistic industry as we speak. Many surveys have been done in this regard in order to know the extent and viability of information technology for logistic operations (Hardakeret al
According to Hunt and Morgan, innovation also plays a pivotal role in case of resource-advantage theory. The companies will need to constantly innovate in order to be in the top position (Hunt and Morgan, 1996)
This famous logistical paradigm referring to merchandise is known to have significant importance in case of managing information. Introna says that logistical systems translates materials in products, driving value for clients, information system translates data in information for facilitating managerial decision making (Introna, 1991)
Most of the logistic service providers (LSP) are making use of information technology for gaining an edge with the help of high productivity, less cost and great customer services. Now the capabilities and accuracy of logistic process is also taken in consideration, it involves time taken to take inventory to the clients from the supply chain, the adoption of the logistic information system is now a staple in the process (Lai et al
Langley has addressed the connection between the logistics and information in a new way. Langley has shown the necessity of having the proper information at the proper time in the proper place (Langley, 1988)
, 1992). Hence the aviation companies began cutting loose the waste material attached to them such as time, unworthy units and manufactured inventory (Larsen and Lusch, 1990)
, 1995). Correspondingly, Lynch also thinks the same way as he concluded that logistics provide competitive edge in business (Lynch et al
The companies following these top notch firms behind can close the gap by innovating in return. Mentzer thinks that the objective of logistics was to amplify the size, number and topographical organization of warehouse and plants in question (Mentzer et al
The companies following these top notch firms behind can close the gap by innovating in return. Mentzer thinks that the objective of logistics was to amplify the size, number and topographical organization of warehouse and plants in question (Mentzer et al