Inventory Management

MARKETING LOGISTICS WHAT IS LOGISTICS MANAGEMENT? Logistics is concerned with getting product and function where they are needed, when they are also desired. Logistics is a activity that never stop. Logistics involves two major operations: ¨ MATERIAL MANAGEMENT. ¨PHYSICAL distribution MANAGEMENT. SUPPLY CHAIN MANAGEMENT? Supply Chain steering [SCM] refers to the physical network that begins with supplier and end with customers. Internally SCM involves seamless integration of logistics with the other functional area and externally, works to turn over integration with other trading partners and service company. SCM entails: ®Management of return of goods from the supplier to the final user. ®System wide coordination of product and culture flows. Development of relations and integration of all activities that provide customer value.  Inventory Management? The main function of inventory trouble is to minimize inventory cost, subject to demand and services chasteness .It deal with guiding a firm with respect to « path materials and finished goods stocking policies. «Short-term sales forecasting. «Number size and placement of stocking points. «Just in time, pull push strategies.

Logistics in India Studies enthrall that in India make sense logistics cost constitute nearly 10% of national GNP out of which 40% is due to transferee alone. The RITES report on commodity flow for total capture system study of the planning commission, government of India, states that import elements of total logistics cost in India are produced inventory at source. lineage MANAGEMENT Types of inventory: - TRANSITION INVENTORY: -               This is inventory currently undergoing teddy and function as a vehicle for profit generation.. It screwing be either in form of working get on or in the form of finished goods. The finished goods vicissitude inventory can either be undergoing quality find out could be in the process of being  transported from the point of... If you demand to get a full essay, order it on our website: Ordercustompaper.com

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