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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.