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    Percast Material Requirements System

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    What are the aims of inventory management? The aims of inventory management are the following: a) provide both internal and external customers with the required service levels in terms of quantity and order rate fill, b) ascertain present and future requirements for all types of inventory to avoid overstocking while avoiding ‘bottlenecks’ in production, c) keep cost to a minimum by variety reduction, economical lot sizes and analysis of costs incurred in obtaining and carrying inventories, and d)

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    According to the Ministry of international trade and industry (18 March 2009), the definition of SMEs (small and medium businesses) Malaysia has lifted a general definition of SMES facilitating identification of SMEs in various sectors and sub-sectors. This has facilitated the formulation of Government policy-effective development policy, support programmes and financial and technical assistance. An enterprise is considered to be a SMEs in each sector concerned based on Annual Sales Turnover or number

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    Logistics and Supply Chain Management is the practice of transportation of goods and services from one level to another using efficient methods. The costs of operation, the speed of delivery, movement of loads and the quality of goods and services is boosted by advancing the management structure of the supply chain. The findings in this paper give, in detail, the current market status in relation to Supply Chain Management and it also gives a concise description of the term ‘Risk Management’ and its advantages

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    Supply chains management (SCM) is one of popular concept in business administration both in practical areas and academic discipline. Supply chains management can be seen as a response to the changing of global market conditions. Level of uncertainty in almost every aspect of our life from political to economy, from natural disaster to advance technology has lead massive changes in global and local market. SCM then is one of the concepts used by both scholar and company to overcome the challenge of

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    Supply Chain Essay

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    What is a supply chain ? Supply chain is a process that includes activities that like movement of goods, services, information and money from the manufacturer to the consumer. The increased competition and the large variety of products that have been introduced have forced the companies to look into their supply chain processes. This is a byproduct of the era of Globalization. Supply chain is made of processes like procurement from suppliers of raw material from the suppliers which are then sent

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    Sustainable operation management is a management approach that involves planning, implementation and control of business operations that translate available resources into the required product or service. It is the management of business practices, traditions and operations to promote the highest level of efficiency, smooth workflow, and increased productivity in an organization. This management strategy ensures that the available labour force and materials are changed into products or services in

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    Introduction Supply chain management Supply chain management (SCM) is the management of the flow of goods and services. It includes the movement and storage of raw materials work-in-process inventory and finished goods from the point of origin to point of consumption. Meaning and definition of supply chain management “Supply Chain Management is the process of planning, implementing and controlling the operations of the supply chain with the purpose of satisfying the customer 's requirement as

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    LOGISTICS IN SUPPLY CHAIN MANAGEMENT What is Logistics Logistics is the process of strategically managing the procurement movement and storage of materials, parts and finished inventory (and the related information flows) through the organisation and its marketing channels in such a way that current and future profitability are maximised through the cost-effective fulfilment of orders. (Christopher 2005) Key Logistics activities Inbound logistics involves material management in the supply chain and includes

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    Purchasing can be picturized as a sequential chain of events leading to acquisition of supplies. Each sub process in this chain can be viewed as capturing or processing information such as – what is it that is being purchased? From where the supplies can be purchased? Earlier both internal information (such as requirements) and external information (such as payments and purchase orders) were on paper and sent by mail. Now it is the electronic age where these documents are sent by internet. This

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    Supply Chain Management

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    Supply Chain Management Supply chain management lets an organization get their products of raw goods to the place they are needed at the right time, the right place, and what exactly they have ordered, and at a reasonable cost. It moves from parts supplier to manufacturers to wholesale to retailer then consumer. Supply chain management plays an important role supplying the manufacturers all the way down to the consumer, so they can satisfy their customers, and to have good benefits for their

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