Logistics CH1 Word Scramble
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Question | Answer |
Definition of logistics | The activities of planning, implementing and controlling with the goal to supply a point of consumption according to its needs from a point of origin |
Mention some objectives of logistics to complete its definition... | right product, right quantity, right condition, right time, right place, right price. |
What is material management | Responsible for the quantitative and qualitative supply of the company with repeat factors for distribution of goods and disposing waste. |
Reason for the importance of logistics | They represent a high % of companies cost |
In which dimensions logistics can increase company value (levers) | support value adding activities, operate excellence of lean logistics, outstanding logistics services |
what is lean logistics | Lean logistics is about the elimination of waste and the increase of speed and flow. e.g. remove unnecessary inventory |
Concrete results for the value adding activities for logistics | increase of incoming payment, 2)reduction of put payment, optimization of cap. structure,increase of attractiveness |
Created by:
jnartig
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