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...
Transit Capital – Capital can be released by changing the proportion of the total output in transit. This can be done by adjusting the transit...
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...
•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...
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...
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...
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...
Service level The service level is the target specified by the management it defines the performance objectives, which the inventory function must be capable...
•Wastivity of the system is defined as the ratio of the waste to the input. •Wastivity= Waste / Input •Gross wastivity= Total waste generated/ Total...
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...
•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...