A Study on Association between Reasons of Reducing Corporate Logistics Costs and Company Classification

Jeong,, D. B. (2022). A Study on Association between Reasons of Reducing Corporate Logistics Costs and Company Classification. East Asian Journal of Business Economics, 10(3), 51-61, https://doi.org/10.20498/eajbe.2022.10.3.51

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Abstract

Purpose – The purpose of this study is to establish the government's logistics policy by calculating the logistics cost of the company and grasping the management status, to reduce the logistics cost of the related companies and to provide basic statistical data necessary for the management strategy. This work examines some associations between reasons for reducing corporate logistics costs (RCLC) and corporate classification such as industry and sales size. Research design, data, and methodology – The survey was conducted in 2018 for 2,000 companies based on the business of mining, manufacturing and wholesale and retail industries since 2010. The survey population is 94,976, of which 92,708 are small and medium enterprises and 2,268 are large corporations. The association among factors may be statistically and visually explored by using chi-squared test and correspondence analysis. Result – This study reveals the association between reasons for RCLC and corporate classification and properties and closeness that exist between the categories of each factor can be mined. Conclusion – As a task to reduce logistics costs of industrial products, expansion and operation of joint logistics business, establishment of cooperative logistics network, and establishment of ordinance on support for smart distribution logistics can be proposed.

keywords: Association, Corporate Logistics Costs, Industry, Sales Size

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Article Contents

Vol.10 No.3

A Study on Association between Reasons of Reducing Corporate Logistics Costs and Company Classification

Abstract

Reference

East Asian Journal of Business Economics