NOTES

STRATEGIC AND PLANNING- Strategic planning is an organization's process of defining its strategy or direction and making decisions on allocating its resources to attain strategic goals. It may also extend to control mechanisms for guiding the implementation of the strategy.

TRANSPORTATION - transportation, the movement of goods and persons from place to place, and the various means by which such movement is accomplished. The growth of the ability and the need to transport large quantities of goods or numbers of people over long distances at high speeds in comfort and safety has been an index of civilization and in particular of technological progress.

INVENTORY MANAGEMENT - Inventory management is responsible for ordering and tracking stock as it arrives at the warehouse. Order management is the process of receiving and tracking customer orders. Software often combines both tasks. Inventory management plays an important role in order management.

WAREHOUSING - Warehousing is the process of storing physical inventory for sale or distribution. Warehouses are used by all different types of businesses that need to temporarily store products in bulk before either shipping them to other locations or individually to end consumers.

PURCHASING AND ORDER PROCESSING - The purchase order process consists of all the steps businesses take to create, approve, validate, manage, and track POs, from the moment a need is identified up to the point of delivery or sale.

INFORMATION TECHNOLOGY - Information technology applied in logistics has a great impact when it comes to generating real-time data that serve as the basis for effective management. It makes processes more dynamic, agile, and practical.