Logistcs framework - logistics and ICT

8 important questions on Logistcs framework - logistics and ICT

What are the two limitations of stochastic inventory management?

*. Future demand can not always be forecast based on historical data
*. Its purely statistical approach makes no use of the specialist knowledge that planners have built up over the years

What is manufacturing resource planning(MRP-II)?

MRP-II is an extension to MRP-I which assumes unlimited capacity and includes the calculation of capacity required.

What is distribution requirements planning (DRP)?

DRP is the information system that supports coordination and facilitates decision-making between different points in the distribution network.
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What is enterprise resource planning (ERP)?

ERP is a software that facilitates the flow of information between all functions of a business, such as production, logistics, finance and personnel organization.

What is advanced planning and scheduling (APS)?

APS is a system that combines logistics and sales planning to facilitate a fast response to market demand.

What falls under product lifecycle management (PLM)?

Everything related to product details, from the graphic design of packaging to the replacement of parts during the after-sales service, falls into PLM.

What falls under supply chain management (SCM)?

Everything to do with controlling the physical flow of goods, purchasing, manufacturing and distribution falls into the SCM category.

Out of what three categorys does the holy trinity of business software exist?

PLM, SCM and CRM

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