Abstract: Shippers are concentrating on the core competency to
stay competitive and outsourcing the logistic activities to the third
party who is expert in this field. This third party logistics (3PL) is
drawing the due attention at government, industrial, academicians
and practitioner-s levels. If the logistics cost in India can be brought
down from the current level of 13% of GDP to 9% (level in the U.S.),
the savings would be around Rs 3 lakh crore approximately per
annum. But the problem with the shippers is to select the suitable
3PL provider. Various criteria for selection of 3PL have been listed
in the literature which are discussed in the present literature review.
Every shipper will select the criteria suitable to its own requirement
which have to be dynamically reviewed time to time so as to fit in the
ever changing environment.
Abstract: Theory of Constraints has been emerging as an
important tool for optimization of manufacturing/service systems.
Goldratt in his first book “ The Goal " gave the introduction on
Theory of Constraints and its applications in a factory scenario. A
large number of production managers around the globe read this book
but only a few could implement it in their plants because the book did
not explain the steps to implement TOC in the factory. To overcome
these limitations, Goldratt wrote this book to explain TOC, DBR and
the method to implement it. In this paper, an attempt has been made
to summarize the salient features of TOC and DBR listed in the book
and the correct approach to implement TOC in a factory setting. The
simulator available along with the book was actually used by the
authors and the claim of Goldratt regarding the use of DBR and
Buffer management to ease the work of production managers was
tested and was found to be correct.
Abstract: Dr Eliyahu Goldratt has done the pioneering work in
the development of Theory of Constraints. Since then, many more
researchers around the globe are working to enhance this body of
knowledge. In this paper, an attempt has been made to compile the
salient features of this theory from the work done by Goldratt and
other researchers. This paper will provide a good starting point to the
potential researchers interested to work in Theory of Constraints. The
paper will also help the practicing managers by clarifying their
concepts on the theory and will facilitate its successful
implementation in their working areas.