By K. Beal
This consultant will turn out an excellent aid to companies in delivering the pratical suggestion that may allow them to grasp the artwork of logistics so it may be used to their top company virtue
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Extra info for A management guide to logistics engineering
WORK-INPROGRESS • single set up • total value add • flow process • safe & ergonomic * modular/replicable * economic automation * equipment with long application lives pack pack pack I I I Business Area point of shipment • inter-process synchronisation • standard packaging 3. 1 INVENTORY and PIPELINE EFFECTS Inventory. Inventories are the accumulated stock of material that are held within the manufacturing and distribution processes. Inventories form part of the current assets of a company. Since material does not earn revenue until the product is sold, large inventories are generally a bad thing ....
This re-order point is normally determined from the forecasted usage during the replenishment lead time plus safety stock. Safety stock is the quantity of stock held to cover variations in demand, forecast errors, short term changes in the backlog, or delays in delivery while an order is outstanding. Safety stock investment is determined and affected by both service level and the variation in demand over a given lead time. This in turn, impacts the inventory level and carrying cost of material.
2 SCHEDULING - INTRODUCTION Material Logistics scheduling is concerned with the efficient use of the logistics capacity established as a result of the logistics planning cycle. The prime objective of scheduling is to maintain a constant flow rate through the process at the 100% level with no waste of resources. There are many factors that create difficulties in achieving this objective, - shortages of material, labour, & quality, erode available capacity and slow the reaction times to changes. - short term changes in demand create unnecessary turbulance and can swamp the logistics control systems.
A management guide to logistics engineering by K. Beal