module 1 Flashcards
resposible for the flow of materials from supplier into an organisation, through operation and then out to the customer
Logistics
moving of materials into the organization from supplier is called
inbound or inward logistics
moving materials out to customer is
outbound or outward logistics
moving materials within the organization
materials management
are all the things that an organization move to create its products
materials
when they emphasized marketing they call it
logistics channel
when they look at value added they call it
value chain
when they see how customer demand are satisfied they call it
demand chain
consist of a series of activities and organizations that materials move through on their journey from its initial supplier to finals customers
supply chain
moving materials inward are called
upstream
moving materials outward
downstream
flow of materials through an organization is usually initiated when procurement send a purchase order to a supplier
procurement or purchasing
responsible for the movement and storage of materials
logistics
moves materials from suppliers to the organizations receiving area
inward transport or traffic
makes sure that materials delivered correspond to the order, acknowledges receipt, unloads delivery vehicles, inspect materials for damage, and sort them
receiving
moves materials into storage, and takes care of them until they are needed
warehousing or stores
sets the policies for inventory
stock control
finds and removes materials from stores
order picking
moves materials through the operations within an organization
materials handling
takes materials from departure and delivers them to customers
outward transport
general term for the activities that deliver finished goods to customers
physical distribution management
when products have been delivered to customers, the work of logistics may not be finished
recycling, returns and waste dosposal
logistics has to find the best locations for these activities or at least play a significant role in the decision
location
alongside the pyhsical flow of materials is the associated flow of information
communication
