DISTRIBUTION AND LOGISTICS

DISTRIBUTION AND LOGISTICS

       The distribution and logistics management is a critical company function. The professionals in this field play a key role in fulfilling the customer demands, ordering and managing inventory, controlling inbound and outbound shipments, reducing costs, saving time, and meeting company objectives. On this course will not only show you how to create and operate a logistics function, but it will also show you how to achieve success through a combination of strategies and tactics. The elements of distribution and logistics management will be covered, including physical distribution, warehouse selection, material handling, packaging, order fulfillment, customer service, inventory management, receiving, production stores, and returned goods. 

PROCUREMENT MANAGEMENT

     

The procurement management is the process for the companies use to purchase the economic resources and business input from suppliers or vendors. On this  process it helps the companies to negotiate prices and get the best quality resources for production processes. Smaller businesses do not usually have a department dedicated to procurement since they have much smaller business operations. It usually, small business owners or entrepreneurs are responsible for working with vendors and suppliers to obtain the necessary goods for business operations. The larger companies are able to purchase the resources and inputs in large volume quantities; high volume purchases usually require a procurement management process.

The basic economic resources typically include the land, labor and capital. The land is the physical resource companies use when producing goods or services for consumers. Physical resources may include natural resources such as timber, wildlife, or oceanic fisheries. Companies typically use procurement management to enter contracts or other legal agreements to purchase the right or access to natural resources for their business operations. Companies may also purchase already harvested physical resources from suppliers and vendors.

SALES ORDER

The sales order its the internal document for the company, it generated by the company. The sales order it will record the customers originating purchase order which is the external document than using the customers purchase order. The sales order, being an internal document, that contains many customer purchase orders under it. In a manufacturing environment, a sales order can be converted into a work order to show that work is about to begin to manufacture, build or engineer the products the customer wants.

INVENTORY MANAGEMENT

 The Inventory management it is the process of efficiently overseeing the constant flow of units into and out of an existing inventory. This process usually involves controlling the transfer in of units in order to prevent the inventory from becoming too high, or dwindling to levels that could put the operation of the company into jeopardy. Competent inventory management also seeks to control the costs associated with the inventory, both from the perspective of the total value of the goods included and the tax burden generated by the cumulative value of the inventory.

POSTED BY: ALYSSA MARIE GABI