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The Association for Supply Chain Management (ASCM) is a not-for-profit international educational organization offering certification programs, training tools, and networking opportunities to increase workplace performance. Formed in 1957, it was originally known as the "American Production and Inventory Control Society" or APICS.
Ricardo Ernst is an academic, and author. He is a professor at the McDonough School of Business at Georgetown University, where he holds the Baratta Chair in Global Business and is the director of the Baratta Center for Global Business and the executive director of the Latin American Leadership Program.
A warehouse in South Jersey, a U.S. East Coast epicenter for logistics and warehouse construction outside Philadelphia, where trucks deliver slabs of granite [1]. Logistics is the part of supply chain management that deals with the efficient forward and reverse flow of goods, services, and related information from the point of origin to the point of consumption according to the needs of customers.
The principal objective of the CILT is "To promote and encourage the art and science of logistics and transport", which it achieves both through its membership and professional qualifications. It provides extensive opportunities for training and learning opportunities with a range of internationally recognised qualifications and courses. [2]
Inventory optimization refers to the techniques used by businesses to improve their oversight, control and management of inventory size and location across their extended supply network. [1] It has been observed within operations research that "every company has the challenge of matching its supply volume to customer demand.
The term "logistics" applies to activities within one company or organization involving product distribution, whereas "supply chain" additionally encompasses manufacturing and procurement, and therefore has a much broader focus as it involves multiple enterprises (including suppliers, manufacturers, and retailers) working together to meet a ...