……………….includes design and administration of systems to control the flow of materials, WIP and finished inventory to support business unit strategy.

Related MCQs

• …………logistics function ensures timely availability of semi processed materials and components inventory to support the production schedule.
• Proper definition and communication of logistics…………objective are prerequisites for the development,implementation,administration,and control of logistic system design.
• …………..system in logistic management refers to a set of activities concerned with storage and flow of all materials,information and control system in a cost-efficient manner.
• The effective implementation of logistic strategy includes in………… stage.
• ………….. process in supply chain includes all activities necessary for managing the product flow through the manufacturing facilities and for obtaining ,implementing and managing flexibility.
• In ………….approch the supplier and not the retailer, is responsible formanaging and replenishing inventory.
• To reduce inventory management costs, many companies use a system called…………, which involves carrying only small inventories of parts or merchandise,often only enough for a few days of operation.
• From the following which one is not include in inventory management techniques
• ………..is a company wide strategy to cut lead times in all phases of manufacturing and office operation.
• The six Rs abourt operational objective of logistic management includes Right response,Right quality,Right quantity,Right value,Right cost trade- offs,and………..