Management; THE LOGISTIC CYCLE
a. Define Management (0.5%) Management refers to the process of planning, organizing, leading, and controlling resources, such as human, financial, and physical resources, to achieve organizational goals effectively and efficiently. b. Six Rights of Logistics Management (12%) The "Six Rights" of logistics management ensure that the supply chain is effective. They are: Right Product : Ensuring the correct product is available. Right Quantity : Supplying the appropriate quantity needed. Right Place : Delivering products to the right location. Right Time : Ensuring the timely delivery of products. Right Condition : Ensuring products are in good condition upon arrival. Right Cost : Managing the cost-effectiveness of logistics. c. Three Levels of Management with Examples (33%) Top-Level Management : This level is responsible for making overall strategic decisions and setting the long-term goals of the organization. Examples include the Chief Executive Officer (CEO), Directors, ...