This week we will discuss logistics it was a focus of Sam Walton of Wal-Mart, and today Wal-Mart is a leader in the field of supply chain management. The company, however, is not complacent with this label and continues to strive toward excellence and to expect the same from its vendors. The company continues to institute new initiatives.
*Understand supply chain innovations.
*Describe JIT & MRP as they relate to transportation and distribution.*
This Weeks Topic:
Automatic replenishment of store inventories triggered at point of sale co-managed inventories with suppliers: data accumulated at point of sale (basically the registers) may trigger production by suppliers and replenishment of product.
with respect to the supply chain, discuss the terms JIT (Just-in-time) & MRP (Materials Requirements Planning).
How are they related to maintaining proper levels of inventory?
To be considered substantive, your reply should add
significantly to the discussion by building on others' comments,
pointing out similarities or differences in your backgrounds or
course expectations, etc. One or two sentence responses such
as "Hi, welcome to the course!" or "I feel the same way" are not
minimum of 250
plagarism, grammar etc free
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