3704327
Description
Flashcards by remy.richman, updated more than 1 year ago
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Created by remy.richman
about 10 years ago
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| Question | Answer |
| DESIGNING THE OVERALL LOGISTICS SYSTEM | THE TRIANGLE OF LOGISTICS DECISION MAKING |
| THE TRIANGLE OF LOGISTICS DECISION MAKING | |
| MAJOR PLANNING AREAS, WE ADDRESS FOUR MAJOR PROBLEM AREAS | CUSTOMER SERVICE LEVELS FACILITY LOCATION INVENTORY DECISIONS TRANSPORTATION DECISIONS |
| GUIDELINES FOR STRATEGIC FORMULATION | TOTAL COST CONCEPT |
| TOTAL COST CONCEPT | COST PATTERNS OF VARIOUS ACTIVITIES IN CONFLICT WITH ONE ANOTHER BALANCING THE ACTIVITIES SO THAT THEY ARE COLLECTIVELY THE LOWEST DIRECT COST OF THE TRANSPORT & INDIRECT COST ON INVENTORY LEVELS |
| WHERE IS THE BEST ECONOMIC CHOICE | WHERE THE SUM OF BOTH COSTS IS LOWEST |
| THE BEST ECONOMIC CHOICE OCCURS AT THE POINT WHERE THE SUM OF BOTH COSTS IS THE LOWEST |
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