Examlex
How do companies use situational analyses, and what are the basic components of a situational analysis?
Distribution Center Design
The planning and layout of a facility used for the storage, handling, and distribution of goods to ensure efficient and effective supply chain operations.
Just-in-time (JIT)
A production and inventory strategy that manufactures or acquires goods only as needed for immediate use, reducing waste and improving efficiency.
Order-to-delivery
The comprehensive process from the moment an order is placed until it is delivered to the customer.
Inventory Control
The systematic approach to ordering, storing, and using a company's inventory, ensuring adequate supply without excessive oversupply.
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