is the movement of products and materials from manufacturing to the point of consumption. A. Material Management B. Transportation C.Physical Distribution Management D. Logistics
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is the movement of products and materials from manufacturing to the point of consumption.
A. Material Management
B. Transportation
C.Physical Distribution Management
D. Logistics
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Solved in 2 steps
- In each of the following, name the term defined. Answers are listed at the bottom.1. This is the art and science of obtaining, producing, and distributing material and products in the proper place and in the proper quantities.2. A company that is hired to handle logistics functions.3. A mode of transportation that is the most flexible relative to cost, volume, and speed of delivery.4. When large shipments are broken down directly into smaller shipments for local delivery.5. Sorting goods is the main purpose of this type of warehouse.6. A place where foreign goods can be brought into the United States without being subject to normal customs requirements.discuss w hat are some inventory management challenges specific to e-commerce businesses?Refers to goods and merchandise at the beginning of operation of business or accounting period. A. Mechandise inventory, end B. Mechandise Inventory, beginning C. Expenses D. Freight-In
- Inventory can be: A) final products B) work-in-process C) raw materials D) A or B above E) A, B or C above T or F Logistics management is the primary process of supply chain management. T or F The Economic Production Quantity depends in part on the maximum inventory and setup costs.Tradewinds Imports is an importer of ceramics from overseas. It has arranged to purchase a particular type of ceramic pottery from a Korean artisan. The artisan makes thepottery in 120-unit batches and will ship only that exactamount. The transportation and handling cost of a shipment is $7600 (not including the unit cost). The importerestimates its annual demand to be 1400 units. What storageand handling cost per unit does it need to achieve in orderto minimize its inventory cost?Analyse why Lancewood should implement an automated warehouse systems technology, confine your argument to EDI, Warehouse on demand and Barcodes.
- Milling companies have loads of requirements for their warehouses 1, 2, and 3 from their clients A, B, and C. Identify which among the stepping stone and MODI distribution methods proves to be cost-saving for the company. (Please provide solutions and explanation)Briefly describe the concept of inventory management and how it can help the organization in supporting effectiveness and efficiency?Give typed solution and explanation of all subparts Don't upload type of photos Kamran Paint Company uses 60,000 gallons of pigment per year. The cost of ordering pigment is Tk.200 per order, and the cost of carrying the pigment in inventory is Tk.1.00 per year. The firm uses pigment at a constant rate every day throughout the year.? p =TK,s a. How much pigment should the firm order every time to minimize on total costs? b. Calculate the total cost of the plan? C. Determine the total number of orders suggested by the plan. d Assuming that it takes 20 days to receive an order once it has been placed, determine the level of pigment storage at which the firm has to place the next order of pigment. e. What are the average and maximum values of inventory for the firm?
- H&M, a Fashion Giant, Has a Problem: $4.3 Billion in Unsold Clothes. This was reported by the New York Times on March 27, 2018. Here is a short excerpt. I have provided the full story in a Word document attached to this discussion. It is a little dated but again inventory issues continued during the pandemic. Overall, this exemplifies the challenges of maintaining correct inventory levels since there is a lot of money held in excess inventory. “In the world of fashion retailing, where shopping is fast moving online and stores try to keep inventories closely matched to sales, even a small stack of unsold clothes can be a bad sign. What about a $4.3 billion pile of shirts, dresses and accessories? That is the problem facing H&M, the Swedish fashion retailer, which is struggling with a mounting stack of unsold inventory. Signs of its expanding unsold inventory began emerging last year, when it reported an unexpected quarterly drop in sales. The decline was the first in two…H&M, a Fashion Giant, Has a Problem: $4.3 Billion in Unsold Clothes. This was reported by the New York Times on March 27, 2018. Here is a short excerpt. I have provided the full story in a word document attached to this discussion. It is a little dated but again inventory issues continued during the pandemic. Overall, this exemplifies the challenges of maintaining correct inventory levels since there is a lot of money held in excess inventory. “In the world of fashion retailing, where shopping is fast moving online and stores try to keep inventories closely matched to sales, even a small stack of unsold clothes can be a bad sign. What about a $4.3 billion pile of shirts, dresses and accessories? That is the problem facing H&M, the Swedish fashion retailer, which is struggling with a mounting stack of unsold inventory. Signs of its expanding unsold inventory began emerging last year, when it reported an unexpected quarterly drop in sales. The decline was the first in two…Warehouse management plays a strategic role in the overall supply chain process. Effective warehousing strategies can assist the firms in increasing supply chain surplus. On the basis of online data availability, select any organization and analyze its warehousing strategies. 10 marks Length of the answer: Between 200 and 220 words Originality: 3 References: 1 Analysis of warehousing strategies used by the selected organization: 6