A problem when there is too much inventory - Products can go out of style or become obsolete while sitting on shelves
Asset recovery - Selling items to a secondary market,
Reselling unsold items at a lower cost and
Repairing items for resale
Container Security Initiatives (CSI) - An international shipping programs formed to protect cargo containers from terrorism
Customer Relationships Management (CRM) software - Used in order processing
Cycle counting - Counting groups of inventory throughout the year
DRP (Distribution Requirements System) - Manages the flow of inventory between different distribution centers
Forecasting - Determining how much material is needed and when it will be needed
Green logistics - An example is returning a product using the packaging it came in
Intranet - A company's internal network
Inventory - Total merchandise, raw materials, and products that haven't been sold yet
JIT (Just in time) - having the right material at the right time at the right place and in the exact amount
Load Consolidation - Combine small shipments into full truck loads
Procurement Team - Selects suppliers and manages contracts
Pull - Production begins based on demand (forecasted or actual demand).
Push - A retail store uses this inventory system, production orders begin upon inventory reaching a certain level
Push/Pull Hybrid - A retail store where you can also customize your order
Regulatory processes - Help companies make their products more sustainable
ati ati pharmacology comprehensive comprehensive predictor fundamentals health care health care / nursing health care/ nursing healthcare hesi hesi rn exit maternal newborn med surg medical nursing medical surgical mental health nurs nursing nursing & health nutrition pathophysiology pediatrics pharmacology test bank tncc
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