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COMPANY BACKGROUND

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EVERYTHING YOU NEED TO KNOW ABOUT TASCO SDN BHD. WHAT DID THEY DO? WHERE DID THEY CAME FROM? Tasco offers logistics solutions for air, sea, and land transportation , serving as a one-stop logistics center for domestic and international shipments. The company has established a trusted relationship with major ocean carriers over the years, leveraging this partnership to provide competitive freight rates and cost-saving opportunities for its customers .  Tasco's vision is to connect people, businesses, and communities to a better future through logistics. Its mission is to become the world's preferred supply chain logistics company by applying insight, service quality, and innovation to create sustainable growth for businesses and society.  The core services provided by Tasco include transportation services, warehousing and distribution, solutions, and industries .

STRATEGIES AND PLANNING

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TASCO Berhad, a leading logistics company in Malaysia, uses strategic planning for its business growth and success in the logistics industry. Here are some of TASCO's strategies and plans: Market Expansion TASCO is focused on expanding its market reach by targeting new industries and customer segments . The company identified growth opportunities in emerging markets and sectors to diversify its customer base and revenue streams.  For example, TASCO has announced the expansion of their warehouse at WestPort Logistics Central located in Port Klang which is the main international transportation port in Malaysia. As a result, the expansion enables WPLC to handle various types of cargo, namely temperature-sensitive cargo and general cargo such as food, medicine and technology. Technology Integration TASCO uses digital solutions, automation and data analytics to streamline processes, optimize logistics operations and improve decision making.  For example, TASCO uses order manag...

INVENTORY MANAGEMENT AND WAREHOUSING

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WHAT are the strategies that TASCO Berhad may use to manage their inventory and warehousing effectively?        ABC Analysis Tasco Berhad may use ABC analysis  to categorize inventory items based on their importance and value.  This allows them to prioritize high-value items that contribute significantly to revenue and profitability, ensuring adequate stock levels and efficient handling. Just-in-Time (JIT) Inventory Implementing a Just-in-Time inventory system allows Tasco Berhad to minimize excess inventory, reduce storage costs, and improve inventory turnover. By receiving goods only when needed for production or order fulfillment , they can optimize warehouse space and reduce holding costs. Inventory Tracking Technology Utilizing inventory tracking technology such as barcode scanners, RFID tags, or warehouse management systems (WMS) enables TYGC to monitor inventory levels in real-time, track item movements, and streamline inventory ma...

PURCHASING AND ORDER PROCESSING

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TRANSPORTATION

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How TASCO manages the movements of their goods? Route Planning Real-Time Tracking Intermodal Transportation Customer Communication Risk Management

INFORMATION TECHNOLOGY

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  What is the IT systems used by TASCO Berhad to assist their management?   Order Management System (OMS) Order Management (OM) is an end to end Supply Chain Solutions providing systems and solutions for TASCO Berhad customers to manage their orders from the item and Purchase   order level. Warehouse Management System (WMS) Tasco Information Technology, a leading provider of IT solutions, has developed a robust Warehouse Management System (WMS) designed to streamline warehouse operations and improve overall efficiency.  Transportation Management Systems (TMS) Tasco's TMS helps organizations of all sizes and industries to manage their transportation needs more effectively, reducing costs, improving efficiency, and enhancing customer satisfaction. Customer Relationship Management (CRM) Tasco Information Technology, a leading provider of IT solutions, has been at the forefront of revolutionizing customer relationship management (CRM) in the industry. With its...

CONCLUSION

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Overall through a logistics assignment, we can expand our knowledge of logistics concepts such as supply chain management, distribution, inventory management, and other logistics strategies. The research and completion of the assignment helped us gain a deeper understanding of how the logistics system operates and the importance of logistics in business. In addition, working on a logistics assignment helps us develop critical skills such as analysis, evaluation, and problem-solving. We have learned to gather data, analyze information, and make decisions based on facts. These skills are essential in any career, and they help us become more skilled students. Finally, this assignment helps us be prepared to pursue a career in logistics or supply chain management in the future. The logistics assignment has provided us with a practical overview of the industry, helped us understand the challenges it faces, and prepared us to face real-world situations in a logistics work environment. In con...