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Unformatted text preview: goods. The significance of the difference between raw materials and finished goods is that once labor is added to raw materials can dramatically change the cost to finished goods. o Packaging – Relates to shrinkage (loss to theft and lost merchandise and damage). Different kinds of packaging can help to reduce shrinkage. Bubble wrapping. FOB is free on board. o Freight Decisions – 6 ways to ship a product in order of efficiency Electronic Pipeline Water – good for heavy stuff Rail – good for heavy stuff. Ground – Very expensive Air o Decision fork – when you have to make a decision. It’s the box on the decision tree. o Event fork – making more decisions. The circles on the decision tree....
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- Decision Making, English-language films, Supply chain management terms, Great Lakes