In your responses, provide thoughts and opinions on the post. Do you agree with them? Do you
Question:
- In your responses, provide thoughts and opinions on the post. Do you agree with them? Do you have any suggestions for them?
I work for a supply chain/logistic distribution center, and some concepts I’ll talk about are (JIT) Just-in-Time, inventory planning, and product handling and storage. When it comes to JIT helping in the supply chain, it is beneficial because this process enables you to reduce the cost of holding unnecessary products and raise the turnover rate, which every company is trying to do. Inventory planning is another essential concept when running a distribution center. You want to have what customers want and need but don’t want to use too much space. When stocking inventory, you need to have on hand what's needed and not what doesn’t sell. Lastly, we will talk about the handling and storing of certain products, such as hazardous materials. When handling dangerous products, you must use Personal Protective Equipment (PPE) to ensure your safety and others around you. As for storage, you need to place such items in the proper climate and environment as it needs, as flammable things are stored in cool places and out of sunlight. Don’t store chemicals around perishable items; ensure the room is well-ventilated.
Management Accounting Information for Decision-Making and Strategy Execution
ISBN: 978-0137024971
6th Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young