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LOGISTICS#1

The overall management of the flow of goods, services, and information from origin to consumption.

SUPPLY CHAIN MANAGEMENT#2

The coordination of all activities involved in sourcing, procurement, conversion, and logistics.

INVENTORY MANAGEMENT#3

The process of ordering, storing, and using a company's inventory effectively.

COST ANALYSIS#4

The assessment of the costs associated with logistics activities to optimize financial efficiency.

TRANSPORTATION MANAGEMENT#5

The planning, execution, and optimization of the movement of goods.

SUPPLIERS#6

Entities that provide products or services to businesses, playing a crucial role in the supply chain.

DISTRIBUTION CHANNELS#7

The paths through which goods and services flow from producers to consumers.

FIFO (FIRST IN, FIRST OUT)#8

An inventory management method where the oldest inventory items are sold first.

LIFO (LAST IN, FIRST OUT)#9

An inventory management method where the most recently acquired items are sold first.

KPIs (KEY PERFORMANCE INDICATORS)#10

Metrics used to evaluate the success of logistics and supply chain operations.

BUDGETING#11

The process of creating a plan to manage finances for logistics operations.

STORAGE FACILITIES#12

Locations where goods are kept before distribution, essential for inventory management.

ORDER FULFILLMENT#13

The complete process of receiving, processing, and delivering customer orders.

SUPPLY CHAIN MAPPING#14

Visual representation of the flow of goods and information in a supply chain.

SEASONAL FLUCTUATIONS#15

Variations in inventory levels and demand due to seasonal changes.

TRANSPORTATION MODES#16

Different methods of transporting goods, including road, rail, air, and sea.

STAKEHOLDER#17

Individuals or groups with an interest in the logistics process, including suppliers and customers.

COMMUNICATION PLAN#18

A strategy for how information will be shared among stakeholders during logistics operations.

COST MANAGEMENT STRATEGIES#19

Techniques used to control and reduce logistics costs.

TECHNOLOGY IN LOGISTICS#20

Tools and software that enhance logistics operations and efficiency.

ENVIRONMENTAL IMPACT#21

The effect that logistics activities have on the environment, influencing transportation choices.

VISUAL REPRESENTATION#22

A graphical depiction of data or processes, aiding in understanding complex logistics concepts.

REAL-WORLD SIMULATIONS#23

Practical exercises that mimic actual logistics scenarios to enhance learning.

FEEDBACK INCORPORATION#24

The process of integrating suggestions and critiques into logistics planning.

FINAL PRESENTATION#25

The concluding showcase of a logistics plan, aimed at stakeholders for review.