Question

1. Discuss the differences between business logistics and military logistics.
2. Discuss the development of the good, fast, & cheap philosophy.
3. Discuss the "Closed-Loop Decision-Making Process."

Answer 1

1. Discuss the differences between business logistics and military logistics.
Business logistic is defined as a business planning framework for the management of service, material, information and capital flow. It consists of increasingly complex information's, control systems and communications needed for today's business environment. Business logistic is focused mainly on movement and storage of goods throughout the whole supply chain. This will help in planning, designing & support business operations which deal with the purchase, procurement, warehousing, inventory , distribution & transportation, finance and human resource & customer support.
Military logistic is defined as the science of planning & carrying out the movement and maintenance of the military forces & support for their operation capabilities & their equipment to make sure reliability, readiness and efficiency.
2. Discuss the development of the good, fast, & cheap philosophy.
Generally, good, fast, & cheap philosophy is served as the framework for the development of figures of merit which are employed during the development of new weapon system. This philosophy is used to guide the desired objectives and positive results which must be achieved in all the forms of business & logistic philosophy, plans, programs for any future business. Good, Fast & cheap as a three measure of quality for all aspects of programs life cycle. where good refers to the high quality, something which will long last and perform as expected. Fast refers to something that produced quickly and Cheap refers to something that is produced with less cost.
3. Discuss the "Closed-Loop Decision-Making Process."
Closed-Loop Decision-Making Process centers around four main objectives such as defining the issues, finding alternatives for combat issues, evaluating all the alternatives in order to best solve the issues and selecting the best alternative for solve the issues.The Closed-Loop Decision-Making Process already adopted by the department of defense. The first step is to define the existing problem. Through the description of the problem it become clear that what is lacking and what needs to be solved. The second step is about synthesis , where problem is identified and where all the alternatives available are sought. The best option to replace the current process. It also enables the management to identify the resources needed to effectively run the department and make it possible for them to solve the current issue. The third step is about analysis of alternatives that was adopted. With this step it is possible to identify the areas of weakness which need to be improved & the available options are weighed each other & finally the option which has least cost and highest benefit will be chosen. The final step is to make the decision , where the best alternative is adopted in order to bring the required change for the department.