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Position Paper that identifies potential solutions to Logistical Problem
The paper tries to identify potential solutions to Logistical Problem.Logistics management in business refers to the control of the channel of distribution of goods and services .
|language || ||english
|wordcount || ||1998 (cca 5.5 pages)
|contextual quality || ||N/A
|language level || ||N/A
|price || ||free
|sources || ||3
Table of contents
The Evaluation Criteria 1
Possible solution set for business area one 3
Possible options that Pointed Interest could utilize in the given scenario 3
Possible solution set for business area two 6
Work cited; 7
Preview of the essay: Position Paper that identifies potential solutions to Logistical Problem
Logistics management in business refers to the control of the channel of distribution of goods and services between the points of production to the area of consumption in order to satisfy the consumer’s demand. Logistics on itself is a complex subject it involves combination of information and other necessities for a reliable and effective distribution of goods and services. Indeed logistic management in business ...
... go for the option of having to keep very little inventory with the aim of minimizing cost, the effect would be that the stock out costs would be immense. The original plan is for 20 students but what if the demand soars, stock out costs would hike plus lost goodwill. Inventory valuation models can be put in place and optimal levels of inventory determined where the stock out costs can be equated to the storage costs. By doing this then the firm shall be in a position to effectively perform.
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