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Logistics

SMC104

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SMC104 - Logistics

Students will be exposed to the inter relationships between procurement, operations, and transportation. Students will discuss the pressures for large order sizes to achieve low unit costs, compared to competing pressures to keep order sizes low to minimize warehouse space and inventory obsolescence. The interconnections between transportation, inventory and procurement strategies will be explored. Forecasting, uncertainty, safety stocks and customer service requirements will be discussed.


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