DISTRIBUTION MANAGEMENT REVIEWER Flashcards
Is the activity of both selling and delivering product and services from manufacturer to customers.
DISTRUBUTION
Is the administration of an organization, whether it is a business, a non-profit organization, or a government body.
MANAGEMENT
Is the process used to oversee the movement of goods from supplier to manufacturer to wholesaler or retailer and finally to end consumer.
DISTRIBUTION MANAGEMENT
Serves the primary function of ensuring the product or service is available to the consumer within an arm’s length of his/her desire.
DISTRIBURTION MANAGEMENT
It makes sure that the product of service is available to the consumer.
* When they want
* Where they want
* How they want
DISTRIBUTION MANAGEMENT
It provides “time”, “place”, and “possession” utility to the consumer
DISTRIBUTION MANAGEMENT
Involves the management of order processing, inventory, transportation, and the combination of warehousing, materials handling, and packaging, all integrated throughout a network of facilities.
LOGISTICS
Refers to the responsibility to design and administer systems to control movement and geographical positioning of raw materials, work-in-process, and finished inventories at the lowest total cost.
LOGISTICS
are made of a variation of computer-controlled systems that automatically place and retrieve loads from set storage locations in a facility with precision, accuracy and speed.
AUTOMATED STORAGE AND RETRIEVEL SYSTEM (ASRS)
Is responsible for the overall logistics of a base or a program, in order to meet the operational and technical needs of a particular mission. He/she is also responsible for the material environment of expatriate teams.
LOGISTICS SPECIALIST
Give me 6 elements in logistics value proposition
> Service benefits
Availability
Operational Performance
Service Reliability
Cost Minimization
Logistics Value Generation
It is the order processing; dedicated communications can be maintained on a real time basis between a customer and a supplier’s logistical operation.
Service Benefits
It involves having inventory to consistently meet customer material or product requirements.
Availability
-It deals with the time required to deliver a customer’s order
-Operational performance involves delivery speed and consistency
-It is concerned with how a form handles all aspects of customer requirements, including service failure, on day-in and day-out basis.
Operational Performance
It involves the quality attributes of logistics to continuously meet customers’ expectations.
Service Reliability
It is a cost that includes all the expenditures to perform logistical requirements.
*Lewis, Culliton, and Steel conceptualized the total cost logistics model. It illustrates an electronics parts distribution strategy wherein the high variable cost of direct factory-to-customer transport.
Cost Minimization
It is the key to achieve logistical leadership to master the art of matching operating competency and commitment to key customer expectations and requirements.
Logistic Value Generation
CREATION AND BASIC LOGISTICAL PERFORMANCE IN MEASURED IN TERMS OF:
Availability
Operational Performance
Service Reliability
It is the interrelation of functions that challenges the successful implementation of integrated logistical management.
THE WORK OF LOGISTICS
5 areas of logistical work
> ORDER PROCESSING
INVENTORY
TRANSPORTATION
WAREHOUSING MATERIALS HANDLING, AND PACKAGING
FACILITY NETWORK
It is the proper processing and handling of orders.
This is the primary important part of logistics work.
In most supply chains, customer requirements are transmitted in the form of orders. The processing of these orders involves all aspects of managing customer requirements, including initial order receipt, delivery invoicing, and collection.
ORDER PROCESSING
-It is a complete list of items such as property, goods in stock, or the contents of a building, etc.,
-Objective:
* Is to achieve desired customer service with the minimum inventory commitment.
INVENTORY
5 Aspects of selective inventory development
> Core Customer Segmentation
Product Profitability
Transportation Integrated
Time-based Performance
Competitive Performance
is named after Italian economist Vilfredo Pareto, who in 1906 observed that 80% of land in Italy was owned by 20% of the population. He expressed this surprising observation in a mathematical formula that is now commonly known as the 80/20 rule.
Pareto Principle