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Chapter 15: Logistic, distribution, and transportation - Coggle Diagram
Chapter 15: Logistic, distribution, and transportation
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Logistics
Logistics: the art and science of
obtaining, producing, and distributing
material and product in the proper
place and in the proper quantities
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Third-party logistics company: an
outside company used to manage
all or part of another company's
logistics functions
Plant location method
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Centroid method
Used for locating single facilities that consider existing facilities, the distances between them, and the volumes of goods to be shipped between them
This methodology involves formulas used to compute the coordinates of the two-dimensional point that meets the distancec and volume criteria stated earlier
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