GRA 741 Chapter Notes -Breakcore
Document Summary
Managing the process - go with the work flow. The study and management of the planning, procurement, transportation, and storage of products. Originally applied to the planning and carrying out of military movements. Logistics will be used interchangeably with supply chain management: planning, implementing, and controlling all of the contractual and physical aspects of bringing a product or service from its most basic components to the end-user. Large firms also came to believe that their profits were more and more linked to their ability to cut inventory costs, especially with just-in-time delivery systems. Ongoing buying of materials, supplies, and services that your business will need on a regular basis. The idea is that every time you buy or contract something for the business, you don"t want it to be a big decision-making exercise. Major tasks of your business should be worked out in advance to ensure that they are performed efficiently. Some examples that follow procedures are: sequential list.