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stock management system summary for quiz.docx

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Department
Business Admin
Course
BUSA 364
Professor
Keith Laidley
Semester
Fall

Description
Stock management system: -In a supply chain, the stock management system willidenifty the available stock at each point in the pipeline so that adequate time is provided for procurement and delays. There should be no break in the pipeline and in distribution of commodities to the beneficiaries. ProcurmenttransportationArrivalwarehousingtransportationdistribution Transportation  The money that beneficiaries never see Cost equation  Factors that affect cost o Distance o Speed needed for delivary o Mode of transport o Need for transmodal shifts o Packaging Things to consider: - Shipping is usually the best option if the amount of cargo is large and the need is not urgent - Shipping is usually is better priced in genera/kilogram. - Rail is defiantly the cheapest form of transportation, in most cases on a case by case basis. - Using aircraft is an expensive option for the moving of goods and people in a humanitarian situation thus the decision to use aviation should be taken very carefully. If you are dealing with food, ensure that you arr train cars must not have been used for chemicals! Or ensure that it has been adequately cleaned Transportation and Logistical Performance Metrics  Quantifying the performance of an action using speci
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