1. BY GROUP 3 Logistics Management And Its Link With Inventory Control

3. Inventory

4. Inventory control

6. Plans, implements and controls the efficient, effective, forward and reverse flow

7. Storage of goods, services and related information

8. Between the point of origin and the point of consumption

11. Works-in-Process

12. Finished Goods

13. Maintenance, Repair and Operating (MRO)

16. Kaizen

17. Kanban

19. Minimise total cost

20. Continuously identify wastage and variance

23. Designed to create harmony and efficiencies for both sides

25. Production depends on customer demand

26. Production takes place only when order is placed

29. Concentrates on improving methods rather than achieving certain results.

32. Carrying cost

33. Demand and supply

34. Strategic location management

36. Organize your inventory

37. Develop inventory database

38. Develop procedures for “check-in” and “check-out”

41. Affects profitability of the company

42. Factor of competitive edge` HIGH COST HIGH INVENTORY LOWER PROFITS H.P. Reduced inventory from 7 to 5 weeks Made a profit of $ 30 mn annually

46. Incurred loss of Rs. 6.5 crores

47. Subhiksha expanded stores with insufficient funds

48. No control on mobile inventory

50. DISTRIBUTION Best way to reach the strategic location and cater to markets