2. Materials and methods 2.1. Delphi methodology The Delphi technique was employed for collecting data. This technique selects a panel of experts to undergo a series of questionnaires and interviews with the objective of building a consensus of opinion regarding a specific topic (Hus and Stanford, 2007). The Delphi method is a useful tool for identifying and prioritizing issues for managerial decision-making (Okoli et al., 2004). Warner (2014) suggests that the Delphi technique can be used to support
identified the importance of developing the forecast of organization’s sales (McCarthy et al., 2006, August, Mentzer & Kahn, 1995a and Moon et al., 2000). Time series has been very effective in reasoning the quantitative methods
The study conducted by Murphy and Daley (1997) with 375 members of the Council Logistics Management in the US, disclosed that twelve (12) factors of international freight forwarders selection are placed in the following order of importance: expertise, reliability, ability to provide relevant information, attention, reputation, price, financial condition, convenient to use, services, geographical specialization, product specialization, and size. The study conducted among 126 firms
Definition of Just in time An inventory strategy companies employ to increase efficiency and decrease waste by receiving goods only as they are needed in the production process, thereby reducing inventory costs. This method requires that producers are able to accurately forecast demand. Example would be a car manufacturer that operates with very low inventory levels, relying on their supply chain to deliver the parts they need to build cars. The parts needed to manufacture the cars do not arrive
As per the 2012 report by Deloitte and Indian Chamber of Commerce (ICC), the challenges faced by logistics industry in India are: a) Transportation related challenges Railways: Important rail networks are oversaturated; Rail freight tariffs are high; Transit times are long and uncertain; Rail terminal quality is poor; Diminished flexibility in carrying different types of products; Railway carriage is not economical for the industries which cannot provide full train loads. Road: Inadequate road