LOGISTICS
A list of items in stock
Inventory
Few or no walls separating workspaces
open-plan
Large amount of money to start a business
Capital
Reports with recent information about progress
Update
Jobs that you can give to others
Delegate
To have information about where something is
Keep track of
Has everything
Fully-equipped
People who wouls like to start thei first business
Budding entrepreneurs
Situation where everyone works together
Teamwork
An argument or open conflict
Confrontation
What is logistics?
The process of planning, implementing, and controlling the movement of goods.
What is a facility?
A building or place used for a specific purpose.
What is a loan?
Money borrowed that must be repaid.
What is a deadline?
The date by which a task must be completed.
What is democracy?
when everyone has an equal vote
What is the difference between import and export?
Import means buying goods from another country; export means selling goods to another country.
What does workplace ergonomics focus on?
Designing workspaces to improve comfort, health, and productivity.
What is an investment?
Money used to acquire something with the expectation of future returns.
What is project planning?
Defining tasks, resources, objectives, and schedules before starting a project.
What does consensus mean in decision-making?
An agreement reached by a group after discussing different opinions and ideas
What could happen if a company fails to manage its inventory correctly?
It could experience stock shortages, excess inventory, and financial losses.
Name the company that we saw in class in the unit reading
A person invests $1,000 at a 10% annual compound interest rate. How much will they have after two years?
$1,210
Why is communication important in project management?
It helps coordinate teams, prevent misunderstandings, and solve problems.
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