chapter 2 Flashcards
aims to treat the many different elements that come under the broad category of distribution and logistics as one single integrated system.
TOTAL LOGISTICS CONCEPTS (TLC)
is a situation that involves losing one quality or aspect of something in return for gaining another quality or aspect.
Trade off
FOUR DIFFERENT LEVELS OF TRADE-OFF:
- Within distribution components
- Between distribution components
- Between company functions
- Between the company and external organization
those trade-offs that occur within single functions.
within distribution components
those trade-offs between the different elements in distribution.
Between distribution components
there are a number of areas of
interface between company functions where trade-offs can be made.
Between company functions
where a trade-off may be beneficial for two companies that are associated with each other.
Between the company and external organization
a set of procedures for translating broad strategic goals and plans into specific goals and plans that are relevant to a distinct portion of the organization, such as a functional area like marketing.
Tactical
focus on the major actions a unit must take to fulfil its part of the strategic plan
Tactical plans
the process of identifying the specific procedures and processes required at lower levels of the organization.
Operational
we have been describing is a hierarchical one, with top-level strategies flowing down through the levels of the organization into more specific goals and plans and an ever-more-limited timetable.
planning model
is about ensuring that the operation is set up to run properly
Planning
is about managing the operation in the right way
Control
is a technique of allocating all of the appropriate costs and allowances to a given product.
Direct product profitability (DPP)
are systems have been developed as sophisticated, computerized planning tools that aim to make the necessary materials or inventory available when needed
Materials requirements planning (MRP) and distribution requirements planning (DRP)
is a system for calculating the materials and components needed to manufacture a product.
Material requirements planning (MRP)
is an integrated information system used by businesses.
Manufacturing resource planning( MRP II)
a set of procedures for making decisions about the organization’s long-term goals and strategies.
Strategic
5 phases of supply chain management
planning
sourcing
manufacturing
delivery
returns
