Transit Capital
Transit Capital – Capital can be released by changing the proportion of the total output in transit. This can be done by adjusting the transit...
Logistics Management
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Components of Forecasting Process
A.Forecast data base keeps information about •Orders •Order history •Tactics used to obtain orders such as promotions, schemes, special promotional programmes. •State of economy and...
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Distribution Requirement Planning
•Logical extension of manufacturing requirement planning (MRP). •Operates in an independent environment where uncertain customer demand determines inventory requirements. •Requires forecast for each distribution centre...
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What are the Material Handling Principles?
Material handling principles The principles of materials handling which ensures effective and efficient handling of material are as follows: Planning Principle: All material handling should...
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Order Selection System
Order Selection System •The handling of fast moving products in master cartons is fully automated from the point of merchandise receipt to placement in over-the-road...
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Implementation of Logistics Plan
Implementation of Logistics Plan The actual plan or design implementation is the final process activity. An adequate implementation procedure is the only means to obtain...
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What is Service level in Logistics?
Service level The service level is the target specified by the management it defines the performance objectives, which the inventory function must be capable...
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Wastivity of a System
•Wastivity of the system is defined as the ratio of the waste to the input. •Wastivity= Waste / Input •Gross wastivity= Total waste generated/ Total...
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Determining ordering point
Determining ordering point In the EOQ model, the leas time for the procurement material is assumed to be zero. Consequently the ordering point for replenishment...
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Mixing
•Several shipments from different manufacturers are involved. Quite similar to break-bulk process. •Truckloads of products are shipped from manufacturing plants to warehouses and each large...
