Traceability types in logistics with examples
15 Oct 2024The four traceability types in logistics — upstream, downstream, internal and external — enable companies to closely track their products and logistics processes.
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The four traceability types in logistics — upstream, downstream, internal and external — enable companies to closely track their products and logistics processes.
LIFO (last in, first out) is an inventory management method that prioritises shipping the most recently purchased or produced batches. In this system, the last item stored is the first removed.
The travelling salesman problem is part of the operations research and computer science fields. It aims to select the most efficient route for visiting a series of locations only once.
A production plan is a guide for designing and creating a product. The plan allocates the resources and time needed to meet targets.
An accumulation conveyor is a roller conveyor that eliminates pressure exerted on the surface, allowing products to move at a reduced speed.
S&OP (sales and operations planning) is an integrated business management process that aligns demand, supply and finances. It plays a crucial role in a company’s overall strategic planning.
Inventory shrinkage is a loss of stock value and can be caused by several factors. It represents a difference between the inventory recorded in accounting and the actual stock on hand.
A racking system consists of several modules with shelves used to store industrial products on pallets or in boxes or bins.