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The production planner for Airbus showed his boss the latest product mix suggestion from their slick new linear programming model: 12.5 model 320s and 17.4 model 340s. The boss looked over his glasses at the production planner and reminded him that they had several half airplanes from last year's production rusting in the parking lot. No one, it seems, is interested in half of an airplane. The production planner whipped out his red pen and crossed out the .5 and .4, turning the new plan into 12 model 320s and 17 model 340s. This production plan is definitely feasible.
Procurement
The process of obtaining goods or services, typically for business purposes.
Materials Management
The branch of logistics that focuses on physically sourcing, moving, and storing materials, as well as coordinating these operations to ensure the right materials are available at the right time.
Logistics Function
The specific tasks and operations within logistics, focusing on the efficient and effective movement and storage of goods.
Time Utilities
The value added to products or services by making them available when they are needed or wanted by consumers.
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