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物流專業英語LogisticsEnglish—Unit1IntroductionofLogisticsandSupplyAgendaKeytermsandExpressionsConceptsofLogisticsandLogisticsManagementConceptsofSupplyChainManagementQuickCheckUnit1:IntroductionofLogisticsandSupplyKeytermsandExpressionsKeytermsLogisticsMaterialhandlingInventorymanagementPackagingTransportationWarehousingTransportationmanagementFreightSchedulingLayout中文物流物料搬運庫存管理包裝運輸倉儲運輸管理貨運排程,調度布局Unit1:IntroductionofLogisticsandSupplyKeytermsandExpressionsKeytermsInventoryturnoverHoldingcostsReplenishmentReverselogisticsIntermodallogisticsProcurementDistributionHazardousmaterialsCustomer-centric中文庫存周轉持有成本補貨逆向物流多式聯運物流采購配送危險材料以客戶為中心KeytermsJust-In-Time(JIT)CoordinationIntegrationSub-optimizationCustomization中文準時制生產協調整合次優定制1.TheConceptandComponentsofLogisticsLogisticsinvolvesmanagingtheflowofproductsfromthepointoforigintothepointofconsumptiontomeetcustomerandorganizationalneeds.Goalsofeffectivelogistics:1)Reducecosts;2)Enhanceservicelevels;3)Increaseflexibilityandadaptability.Unit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement1.TheConceptandComponentsofLogisticsTypicallogisticsactivities:1)Transportation2)Warehousing&InventoryManagement3)Packaging4)MaterialHandling6)InformationManagementUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement2.TypesofLogisticsFromgeographicalstandpoint:Regionallogisticsfocusesontransportingproductsfrommanufacturerstoend-users.Internationallogisticsofteninvolvesnavigatingcomplexexportandimportregulationswhileutilizingmultiplemodesoftransportation.Fromservicecontent:InboundlogisticsoutboundlogisticsUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement2.TypesofLogisticsFrombusinessfunctions:Procurementlogistics.Itinvolvesacquiringrawmaterialsandparts.Distributionlogistics.Itfocusesonmovingproductsfromproductionsitestoendusers.Reverselogistics.Itmanagesreturns,recycling,anddisposalofmaterials.Unit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement2.TypesofLogisticsFromtransportationmodes:LandlogisticsMaritimelogisticsAirlogisticsIntermodallogisticsUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement2.TypesofLogisticsFromspecializationandindustry-specificNeeds:Third-PartyLogistics(3PL)Fourth-PartyLogistics(4PL)ColdChainLogisticsCourierlogisticsHazardousmaterialslogisticsHeavycargologisticsCustomizedlogisticsUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement3.TheRoleofLogisticsImpactonBusinesses:Enhancingcostefficiency

improvingservicelevels

increasingcustomersatisfaction,boostingloyalty

expandingmarketshare.Allowingbusinessestorespondmoreswiftlytomarketchanges

gainingacompetitiveedgeUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement3.TheRoleofLogisticsImpactonBusinesses:Promotingsupplychaincollaboration

enhancingofoverallsupplychainefficiencyUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement3.TheRoleofLogisticsImpactonBusinesses:Enhancingcostefficiency

improvingservicelevels

increasingcustomersatisfaction,boostingloyalty

expandingmarketshare.Allowingbusinessestorespondmoreswiftlytomarketchanges

gainingacompetitiveedgeUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement3.TheRoleofLogisticsImpactonBusinesses:Promotingsupplychaincollaboration

enhancingofoverallsupplychainefficiencyEnhancingcostefficiency

improvingservicelevels

increasingcustomersatisfaction,boostingloyalty

expandingmarketshareUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement3.TheRoleofLogisticsImpactonBusinesses:Allowingbusinessestorespondmoreswiftlytomarketchanges

gainingacompetitiveedgePromotingsupplychaincollaboration

enhancingofoverallsupplychainefficiencyloweroveralltransactioncostsandpromotetrade

supportingeconomicgrowthUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement3.TheRoleofLogisticsImpactonEconomy:Thelabor-intensivenatureofthelogisticsindustry

contributessignificantlytojobcreation

helpingtoreduceunemploymentratesEnhancedlogisticscapabilities

enablebusinessestoexpandtheirmarketreach

increasingtheflowofgoodsbothdomesticallyandinternationally

broadeningthescopeofeconomicactivitiesUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement3.TheRoleofLogisticsImpactonEconomy:Facilitatestheexchangeofgoodsandservicesbetweencountries

enhancingnationalcompetitivenessintheglobalmarketplaceLogistics→supportingbothbusinessandeconomicdevelopment

ensuringtheefficientflowofgoodsAneffectivelogisticssystem

leadstocostsavings,improvedservicequality,fastermarketresponsiveness,andenhancedbusinesscompetitivenessUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement3.TheRoleofLogisticsImpactonEconomy:Amaturelogisticssystem

boostsoveralloperationalefficiency

promoteseconomicprosperity

contributestosocietalprogressonabroaderscaleCompaniesandnationsthatprioritizethedevelopmentofrobust,efficientlogisticssystems

arebetterpositionedtothriveinthecompetitiveglobalmarketplaceUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement4.TheConceptandScopeofLogisticsManagementLogisticsManagementfocusesonplanning,implementing,andcontrollingtheflowandstorageofgoods,services,andinformationfromorigintoconsumptionefficiently.KeyObjectivesofLogisticsManagement:boostingbusinessperformancereducinglogisticscostsEnhancingsupplychainflexibilityUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement4.TheConceptandScopeofLogisticsManagementCoreComponentsofLogisticsManagement:TransportationmanagementinvolveschoosingpropertransportationmodesoptimizingroutesandcostsWarehousinganddistributionfocusonefficientwarehouselayoutsandinventorycontrolensuringsmoothproductdistributionUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement4.TheConceptandScopeofLogisticsManagementCoreComponentsofLogisticsManagement:OrderprocessingensuresaccuracyandpromptnessinhandlingcustomerorderslinkedcloselywithinventorymanagementtomaintainoptimalstocklevelsandminimizeholdingcostsUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement4.TheConceptandScopeofLogisticsManagementCoreComponentsofLogisticsManagement:PackagingforproductprotectionandshippingefficiencyLogisticsinformationmanagementunderliesthesecomponentsinvolvingdatacollection,analysis,andusetoimprovedecision-makingaccuracyandtimelinessUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement5.ConceptofLogisticsEngineeringLogisticsengineeringentailsusingmathematicalmodels,computationaltools,andsystemsanalysismethodstosolvecomplexlogisticproblems,withthegoalofimprovingefficiency,reducingcosts,andincreasingthereliabilityandsustainabilityoflogisticssystems.Unit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement5.ConceptofLogisticsEngineeringTheobjectivesoflogistics:DesigningefficientlogisticssystemsLeveragingtechnologyandautomationtoenhancetheefficiencyoflogisticsactivitiesEnsuringthesustainabilityandenvironmentalfriendlinessoflogisticssystemsIncreasingtheflexibilityoflogisticssystemsUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement5.ConceptofLogisticsEngineeringThemaincomponentsoflogisticsengineering:systemdesignandoptimizationSimulationandmodelingtechniquesFacilityplanningandmanagementLogisticstechnologyR&DprocessimprovementUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagement6.DifferencesBetweenLogisticsManagementandLogisticsEngineeringUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagementAspectLogisticsManagementLogisticsEngineeringFocusAreasDailyoperationalmanagementoflogisticsDesign,analysis,andimprovementoflogisticssystemsMainScopeProcurement,storage,transportation,anddistributionofgoodsTechnicalandstructuralaspectsoflogisticssystemsEmphasisManagingpersonnel,equipment,inventory,andinformationflowInnovatinglogisticstechnologiesToolsandMethodsUsedERP,WMS,TMSMathematicalmodeling,statisticalanalysis,computersimulationSupportingMethodsFinancialanalysis,businessprocessmanagement,customerserviceskillsCAD,GIS,RFID,IoT6.DifferencesBetweenLogisticsManagementandLogisticsEngineeringUnit1:IntroductionofLogisticsandSupply1.ConceptsofLogisticsandLogisticsManagementAspectLogisticsManagementLogisticsEngineeringImprovementPlans/TechnologiesSixSigma,LeanManagementAutomation,dataanalysis,systemintegrationPrimaryWorkContentTransportationmanagement,warehousing,inventorycontrol,orderprocessing,customerserviceLogisticssystemdesign,facilityplanning,materialhandlingtechnology,supplychainnetworkanalysisAdditionalWorkContentCommunicationandrelationshipmanagementwithsuppliersandcustomersCost-benefitanalysesandriskassessmentsPolicies/InnovationImplementationandmonitoringoflogisticspoliciesandproceduresResearchingandintroducingnewtechnologiessuchasautomation,artificialintelligence,andmachinelearning1.TheConceptoftheSupplyChainSupplychainmanagementemphasizedtheintegrationandcoordinationofthecompleteproductioncycle,fromrawmaterialprocurementthroughproductionandprocessing,toproductdistributionandcustomerservice.Unit1:IntroductionofLogisticsandSupply2.ConceptsofSupplyChainManagement1.TheConceptoftheSupplyChainKeyFeaturesofModernSupplyChains:Multi-stagedstructureComplexnetworkofinterdependentorganizationsCustomer-drivenCustomer-centricapproachHighdegreeofdynamismGlobalnatureAdditionallayersofcomplexityandriskUnit1:IntroductionofLogisticsandSupply2.ConceptsofSupplyChainManagement1.TheConceptoftheSupplyChainCoordinationandTechnologyinSupplyChainManagement:EffectivecoordinationAligningprocessesSharinginformationPoolingresourcesacrossdifferentstagesofthechainAdvancedtechnologiesEnterpriseResourcePlanning(ERP)systemsInternetofThings(IoT)devicesArtificialintelligenceBlockchainUnit1:IntroductionofLogisticsandSupply2.ConceptsofSupplyChainManagement2.BasicModelsoftheSupplyChainFromastructuralperspectiveDirectModelIndirectModelMulti-TierModelFromanatureperspectiveQuickResponseModelAgileSupplyChainGreenSupplyChainUnit1:IntroductionofLogisticsandSupply2.ConceptsofSupplyChainManagement3.TheConceptandScopeofSupplyChainManagementSupplyChainManagement(SCM)isacomprehensiveapproachthatfocusesoneffectivelyplanning,organizing,coordinating,andcontrollingtheflowofmaterials,information,andfundswithinthesupplychain.SCMcoversawiderangeofactivities,extendingfromrawmaterialprocurementandproductmanufacturingtowarehousinglogistics,productdistribution,sales,andafter-salesservice.Unit1:IntroductionofLogisticsandSupply2.ConceptsofSupplyChainManagement3.TheConceptandScopeofSupplyChainManagementKeyComponentsofSupplyChainManagement:ProcurementandProductionManagementInventoryandLogisticsManagementInformationandCustomerServiceManagementPerformanceEvaluationandFinancialFlowManagementUnit1:IntroductionofLogisticsandSupply2.ConceptsofSupplyChainManagement4.FundamentalPrinciplesofEffectiveSupplyChainManagementCustomer-CentricApproachHolisticOptimizationandCollaborativeCooperationAgilityandRiskManagementSustainableDevelopmentandTechnologicalInnovationUnit1:IntroductionofLogisticsandSupply2.ConceptsofSupplyChainManagement5.TheRelationshipbetweenSupplyChainManagementandLogisticsManagementUnit1:IntroductionofLogisticsandSupply2.ConceptsofSupplyChainManagementAspectSupplyChainManagement(SCM)LogisticsManagementRelationshipSCMisabroaderconcept,andlogisticsmanagementisincludedinSCM.Andtheyplayvitalrolesinmodernbusinessoperations.ScopeEntireprocessfromprocurementofrawmaterialstodeliveringthefinalproductTransportationandstorageofproductsMainFocusProcurement,productionplanning,inventorymanagement,demandforecasting,orderprocessing,customerserviceEfficientandcost-effectivemovementofgoodsKeyActivitiesConvertingrawmaterialsintofinishedproducts;deliveringthefinalproducttotheenduserTransportationmanagement,warehousemanagement,materialshandling,packaging,customsclearance5.TheRelationshipbetweenSupplyChainManagementandLogisticsManagementSharedObjectivesandInterdependenceSharedobjectivesEnhancecustomersatisfactionReducecostsImproveefficiencyRespondeffectivelytomarketdemandsCollaborationtoEnsuretimelyproductdeliveryandOveralloperationalexcellenceUnit1:IntroductionofLogisticsandSupply2.ConceptsofSupplyChainManagement5.TheRelationshipbetweenSupplyChainManagementandLogisticsManagementDifferentfocusSCM:integratingend-to-endprocessesLogisticsManagement:optimizingspecificlogisticsactivitiesLogisticsManagementwithinSCMLogisticsManagementprovidesessentialdataforSCMSCMsupportforlogisticsoperations.(Strategicdecisions,Processoptimizations,Improvementsinlogisticsoperations)Unit1:IntroductionofLogisticsandSupply2.ConceptsofSupplyChainManagement1.Whichsetbestrepresentsthethreemainflowsinasupplychain?A.Material,information,cashB.Material,marketing,cashC.Information,HR,complianceD.Transport,packaging,handlingUnit1:IntroductionofLogisticsandSupplyQuickCheckA2.Leadtimeisbestdefinedas:A.TimetoloadatruckB.TimefromordertodeliveryC.TimetoproduceoneunitD.TimetoprocessapaymentUnit1:IntroductionofLogisticsandSupplyQuickCheckB3.Whichisavalueaddedactivity?A.IdlestoragewithoutpurposeB.AccuratepickingandfasterdeliveryC.ReworkduetoerrorsD.WaitinginqueueUnit1:IntroductionofLogisticsandSupplyQuickCheckB4.Logisticsmainlyfocuseson:A.ProductdesignstrategyB.Transportation,warehousing,inventory,handling,packaging,informationC.AdvertisingandsalesD.CapitalbudgetingUnit1:IntroductionofLogisticsandSupplyQuickCheckB5.WhichprincipleavoidssuboptimizationinSCM?A.OptimizeeachfunctionseparatelyB.HolisticoptimizationacrossthechainC.MaximizeinventoryforsafetyD.IgnorepartnerconstraintsUnit1:IntroductionofLogisticsandSupplyQuickCheckB6.Whichpairingfitsinformationmanagementinlogistics?A.WMS/TMSforexecutionvisibilityB.CAD/GISforpayrollC.RFID/IoTforsocialmediaD.POS/CRMforenginedesignUnit1:IntroductionofLogisticsandSupplyQuickCheckA7.True/False:Logisticsisthesameastransportation.8.True/False:SCMoperatesonlywithinoneenterprise.9.MatchingUnit1:IntroductionofLogisticsandSupplyQuickCheckWMSTMSERPSCMplatforma.Endtoendplanning/visibilityacrosspartnersb.Warehouseoperations(receiving,picking)c.Enterpriseresources(finance/inventory)d.Transportplanningandexecution10.Ordering:ArrangethetypicalE2Eprocess.A.Make→Source→Deliver→ReturnB.Source→Make→Deliver→ReturnC.Deliver→Source→Return→MakeD.Make→Deliver→Return→SourceUnit1:IntroductionofLogisticsandSupplyQuickCheckB物流專業英語LogisticsEnglish—Unit2Unit2:ProcurementandInventoryManagementAgendaKeytermsandExpressionsOverviewofProcurementManagementInventoryManagementQuickCheckUnit2:ProcurementandInventoryManagementKeytermsandExpressionsKeytermsProcurementResourceallocationSupplierrelationshipmanagementContractmanagementProcessoptimizationE-procurementBigdataanalyticsCloudcomputingInternetofThings(IoT)Procurement中文采購資源分配供應商關系管理合同管理過程優化電子采購大數據分析云計算物聯網采購Unit2:ProcurementandInventoryManagementKeytermsandExpressionsKeytermsMachinelearningWork-in-Process(WIP)Semi-finishedProductStockoutHoldingCostsEconomicOrderQuantity(EOQ)TurnoverRatesReplenishment中文機器學習在制品半成品缺貨持有成本經濟訂貨量周轉率補貨KeytermsDronesCloudTechnologyOutsourceInfrastructureScalability中文無人機云技術外包基礎設施可擴展性1.ConceptsofProcurementManagementProcurementmanagementinvolvetheprocessofacquiringgoodsandservicesnecessaryforthecompany’soperation.TheEssenceofProcurementManagement:identifyingrequiredgoodsandservicessourcingandevaluatingsuppliersnegotiatingcontractsexecutingpurchaseordersmonitoringsupplierperformance.

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement1.ConceptsofProcurementManagementTheEssenceofProcurementManagement:Procurementextendsto:supplierrelationshipmanagementmarketanalysispricenegotiationcontractsigning.

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement1.ConceptsofProcurementManagementKeyElementsofEffectiveProcurementManagement:CostefficiencyStrongsupplierrelationshipsQualitycontrolRiskmanagementEffectivecontractmanagementContinuousmarketanalysis

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagementDemandforecastingandplanningProcessoptimizationTechnologyandinnovationInternalcoordination

2.EvolutionofProcurementFromTransactionaltoStrategic(TheEarlyStages):

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagementPhaseRolesCharacteristicsEarlyindustrialeraProcurementasatransactionalfunctionFocusedondailypurchasingtasksandensuringthetimelysupplyofmaterialsandservicesneededontheproductionlineCostcontrolstageProcurementevolvedintoanimportantcostcenterFocusedonidentifyingcost-savingopportunities,suchasbulkpurchasingdiscountsandpricenegotiationsLate20thcenturyProcurementtransitionedfromatransactionalexecutortoastrategicpartnerMovedbeyondmerelyfocusingoncostsandbegancreatinggreatervaluethroughsupplierrelationshipmanagement,totalcostanalysis,andsupplychainintegration2.EvolutionofProcurementGlobalizationandTechnologicalAdvancements:

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagementPhaseRolesCharacteristicsGlobalizationstageGlobalorinternationalprocurementSourcefromsuppliersaroundtheworld;reducecostsandobtainhigh-qualityproducts;introducedchallengessuchassupplychaincomplexity,cross-culturalcommunication,andinternationallogisticsmanagementInternettechnologystageRiseofe-procurementUseonlineplatformsforprocurementactivities;includeselectronicinquiries,onlinebidding,electronicorderprocessing,andsuppliermanagement;makestheprocurementprocessmoreefficientandtransparentwhilereducingcosts2.EvolutionofProcurementSustainabilityandIntegration:

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagementPhaseRolesCharacteristicsGreenProcurementCompaniesconsidertheenvironmentalimpactofprocurementactivitiesProcureproductsandservicesthatareenvironmentallyfriendly,renewable,orrecyclableSupplyChainIntegrationProcurementmanagementiscloselyintegratedwiththeentiresupplychainProcurementdecisionsarebasedonunderstandingandoptimizationoftheentiresupplychainprocess,includingproduction,inventory,distribution,andcustomerservice2.EvolutionofProcurementTheFutureofProcurement

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagementPhaseRolesCharacteristicsProcurement4.0ProcuremententersanewerawithemergingtechnologiesUtilizesbigdataanalytics,cloudcomputing,artificialintelligence,InternetofThings(IoT),andmachinelearningtoimproveprocurementprocesses;emphasizesintelligenceandautomationtoenhanceefficiencyandresponsivenessStrategicPartneringProcurementdepartmentsestablishdeeperstrategicpartnershipswithkeysuppliersGoesbeyondtraditionalbuyer-sellerinteractions;focusesonlong-termcollaboration,jointdevelopmentandinnovation,andsharedrisksandrewards2.EvolutionofProcurementThecorefeatureoftheevolutionofprocurementmanagementisthatprocurementhasgraduallydevelopedfromtraditionaltransactionaloperationsintoastrategicfunctionthatsupportsenterprisedevelopment.Itsfocusisnolongerlimitedtodailypurchasingtasks

and

costcontrol,buthasexpandedtovaluecreation,globalprocurement,e-procurement,greenprocurement,andtheestablishmentoflong-termpartnershipswithsuppliers.

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement3.MainTasksofProcurementManagement1)InitiatingtheProcurementProcessDemandidentificationBasedon:ChangesininventorylevelsProductionplansMarketdemandSpecificrequestsfrominternalusersUnit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement3.MainTasksofProcurementManagement1)InitiatingtheProcurementProcessDemandidentificationRequiresdetailedandclearspecificationsoftherequireditemsQuantitiesExpecteddeliverytimesBudgetlimitations

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement3.MainTasksofProcurementManagement1)InitiatingtheProcurementProcessSupplymarketanalysisUnderstanding:AvailablesuppliersMarketpricesforproductsorservicesQualityanddeliverycapabilitiesofpotentialsuppliers

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement3.MainTasksofProcurementManagement1)InitiatingtheProcurementProcessSupplymarketanalysisMayinclude:MarketresearchSupplierinterviewsHistoricaldataanalysis

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement3.MainTasksofProcurementManagement2)SupplierSelectionandNegotiationIdentifyandevaluatepotentialsuppliersBasedoncomprehensivemarketanalysisEvaluationcriteria:Price,Quality,Reputation,DeliverycapabilityServicelevelSupplierselectionNegotiationsFormalpurchasecontract

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement3.MainTasksofProcurementManagement3)OrderManagementandPerformanceMonitoringIssueaformalPurchaseOrder(PO)ManagetheorderprocessMonitorsupplierperformanceVerifyreceiptandconductnecessaryinspectionsArrangepayment

Unit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement3.MainTasksofProcurementManagement4)RecordKeepingandContinuousImprovementMaintaindetaileddocumentationRegularassessmentOftheefficiencyandeffectivenessOftheentire:IdentifypotentialissuesandopportunitiesforimprovementUnit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement3.MainTasksofProcurementManagement5)ProcurementCostManagementCostmanagementInvolves:PlanningprocurementcostsControllingprocurementcostsReducingprocurementcostsProcurementcostsEncompass:PurchasepriceofproductsorservicesAllotherexpensesincurredduringtheprocurementprocessUnit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement3.MainTasksofProcurementManagement5)ProcurementCostManagementProcurementcostanalysisinvolvesdetailedevaluationsof:DirectcostsRawmaterialcostsTransportationfeesIndirectcostsAdministrativefeesStorageexpensesUnit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement3.MainTasksofProcurementManagement5)ProcurementCostManagementReducingtotalcostofownership(TCO)Methods:ValueengineeringmethodsInformationtechnologyThrough:StrengtheningsuppliermanagementNegotiatingcontractsManaginginventoryUnit2:ProcurementandInventoryManagement1.OverviewofProcurementManagement1.IntroductiontoInventoryManagementInventoryconsistsofrawmaterials,work-in-processitems,semi-finishedproducts,finishedgoods,anditemsreadyforsale.ClassificationofInventory:RawmaterialinventoryWork-in-process(WIP)inventorySemi-finishedproductinventoryFinishedgoodsinventoryMaintenance,Repair,andOperating(MRO)suppliesinventory

Unit2:ProcurementandInventoryManagement2.InventoryManagement1.IntroductiontoInventoryManagementFunctionalCategoriesofInventory:CycleinventorySafetyinventorySpeculativeinventorySeasonalinventory

Unit2:ProcurementandInventoryManagement2.InventoryManagement1.IntroductiontoInventoryManagementImportanceofEffectiveInventoryManagement:Managinginventoryeffectivelyensuresmeetingcustomerdemandatminimalcost,balancingcostsandservicelevels.

Unit2:ProcurementandInventoryManagement2.InventoryManagementSupplierCustomerInventory(Buffer

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