Logistics Management

Manages physical network

• Supply Management

• Supply Chain

• Logistics Operation

• Customer Service

The process that matches market demand and plant capabilities

• Supply Chain

• Supply management

• Inventory management

• Demand management

Level of inventory that a business maintains has a big effect on the overall liquidity and profitability of the company.

• Inventory management

• Demand management

• Demand forecasting

• Supply management

Critical to deliver profit to stakeholders or the shareholders.

• Product cost

• Cost control

• Customer service

• Procurement

Critical process of supply management that aims to determine the accurate forecast requirement of an item or product by location - using demand history, forecasting technique, data analysis, business judgment, and teamwork.

• Demand forecasting

• Warehousing

• Warehouse

• Demand and replenishment

To link the market place, distribution network, manufacturing, and procurement in a way that delivers high customer service at the lowest cost.

• Logistic operations' goal

• Customer service's goal

• Supply chain's goal

• Purchasing's goal

________ and ________ deserve to get the best value for every product bought.

• Customer

• Supplier

• Consumer

• Shareholders

Inhales developing forecasts of anticipated demand distribution, planning, and linkage with sales, marketing and operations to ensure that company's capabilities are in sync.

• Demand and replenishment

• Demand management

• Demand forecasting

It aims to maintain and ensure optimum level of inventories to deliver high customer service at minimum cost to the business.

• Supply management

• Inventory management

• Demand management

• Operations management

Can be as complex as moving materials from source to the factories of the suppliers, and then to the factories of the manufactures as well as finished products being shipped to the various channels of distribution, either locally or internationally.

• Purchasing

• Supply chain

• Logistics operation

• Customer service