Archive for March, 2010

Is there a Relationship between cost, price and value?

March 11, 2010

The most of the people think these three words are similar. When you take a look at the definitions you will see that’s not right.

Costs are the amount of money you have to spend to produce your product.

The Price is the money you gain from you customers when you sell your product to them.

Value the worth of your product in the customer’s eyes.

(more…)

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Why is the world Trade in manufacturers so much higher raised than the World GDP?

March 11, 2010

This question isn’t easy to answer. There are a lot of influencing factors which supported this effect. In the following mind map you see the main influencing factors.

Klick on the mind map to open!

What is Logistics?

March 9, 2010

I want to start my blog with a brief definition of Logistics. In the literature and in the web are a lot of definitions for the term Logistics. There is no easy way to find the one which fits best. Maybe one of the most famous ones is “Logistics means having the right thing, at the right place, at the right time.” It says a lot about the main idea of this topic. Transporting goods.

But there are a lot of other definitions. On this page you can find a lot of them. Also on Wikipedia.

Logistics and other interesting stuff

March 8, 2010

Hi,

My name is Daniel Gmöhling. This is my blog for my masters subject Logistics. In this blog I want to post some interesting things about Logistics.