Traceability types in logistics with examples
October 4, 2024The four traceability types in logistics — upstream, downstream, internal, and external — enable companies to closely track their products and logistics processes.
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The four traceability types in logistics — upstream, downstream, internal, and external — enable companies to closely track their products and logistics processes.
LIFO (last in, first out) is an inventory management method that prioritizes shipping the most recently purchased or produced batches. In this system, the last item stored is the first removed.
The traveling salesman problem is part of the operations research and computer science fields. It aims to select the most efficient route for visiting a series of locations only once.
A production plan is a guide for designing and creating a product. The plan allocates the resources and time needed to meet targets.
An accumulation conveyor is a roller conveyor that eliminates pressure exerted on the surface, allowing products to move at a reduced speed.
Inventory shrinkage is a loss of stock value and can be caused by several factors. It represents a difference between the inventory recorded in accounting and the actual stock on hand.
S&OP (sales and operations planning) is an integrated business management process that aligns demand, supply, and finances. It plays a crucial role in a company’s overall strategic planning.
Knowing the different types of supply chains and choosing the right one is crucial for success. These chains are designed and structured according to each company’s objectives and needs.