Check out our Industrial terms glossary
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Independent System
Allocation logic for the safety stock in a two-level distribution network which sees the stock stored partly in the peripheral warehouses and partly in the central warehouse.
Industrial Logistics
Process of planning, implementation and control of the efficient and effective flow and storage of raw materials, semi-finished and finished products, and the accompanying information, from the point of origin to the point of consumption, with the aim of satisfying customer needs (definition from the Council of Logistics Management). Logistics therefore includes both the field of materials management and that of physical distribution.
