INVENTORY MANAGEMENT

-

 

INVENTORY MANAGEMENT

Effectively managing reverse logistics means finding opportunities to make money out of return.

From a logistics perspective, product recovery initiates additional goods flow from users to producers.

Reverse Logistics in inventory management plays a key role in setting up efficient closed loop supply chain.




SUSTAINABILITY OF LOGISTICS

1. Green logistics focuses on adoption of green technology and practices for firm which will offer advantage and at the same time will suit to an environment.

2. It is necessary to have support from government authorities in order to motivate firms to think about go green logistics.

3. Logistics manager may support green practices adoption through top management commitment and enhanced human efforts including staff training and awareness raising programs.


By Kahkshan Asif ☺

Comments

Post a Comment

Popular posts from this blog

The Attention Economy's Trap: Navigating the Maze of Digital Distraction

-
Image
In an era where information flows as swiftly as water from a fire hose, the attention economy has emerged as both a marvel and a menace. At its core, the attention economy revolves around the idea that human attention is a scarce and valuable resource. Businesses, content creators, and social media platforms are all competing for a slice of our finite mental bandwidth. While this economic model powers innovation and connectivity, it also ensnares us in a trap of endless distractions, shallow engagement, and men. Understanding the Attention Economy The attention economy capitalizes on our cognitive limitations. With only so many hours in a day and limited mental energy, our capacity to focus becomes a commodity. Social media platforms, news outlets, and even entertainment services are designed to capture and hold our attention for as long as possible. Algorithms prioritize content that triggers emotional responses, often favoring sensationalism over substance. Notifications, likes, and ...
Read more

Smartphones Technology

-
Image
   Over time, smartphone technology has advanced quickly, transforming the way we work, communicate, and access information. These are a few significant features of smartphone technology: 1.      System Operation:  Smartphones run on platforms like iOS and Android, both of them were created by Apple and Google, correspondingly. These operating systems have an intuitive user interface and handle a variety of applications. 2.   The Connections:  Mobile networks (2G, 3G, 4G, and now 5G), Wi-Fi, Bluetooth, and NFC (Near Field Communication) are just a few of the connectivity possibilities that smartphones provide. Users can share data with other devices and maintain a connection thanks to these features. 3.      Touchscreens:  The majority of smartphones feature touchscreens, which enable users use their fingers while interacting with the device. Most frequently utilised touchscreens are inductive ones, which react ...
Read more

Job Evaluation Methods Operating In Hospitality Sector For Different Positions (In Hotel)

-
Image
  Job evaluation is a route for associations to measure and compare jobs. It is a systematic way to gather related information and skills of required vacant positions and can be used to devise pay for different positions in the hotel. Primarily three methods of job evaluation are: (1) Ranking Method (2) Classification Method  (3) Factor comparison method or Point method.   Broadly job evaluation can be classified as:   (1) Ranking Method There are two types of Ranking Method:   1) Non analytical job evaluation methods   2) Analytical evaluation methods   1.       Non – Analytical method: Simple and traditional method. They compare all the available jobs and then evaluate. Tis method cannot be use in complex organizations. In this method jobs are listed from highest to lowest level as per organization’s requirement for available vacancy. The criteria is less expensive and very easy to understand for ...
Read more