Chapter 2 - Int'l Supply Chain Mgmt

Question 1

Container

Answer 1

A large metallic box used in international trade that can be loaded directly onto a truck, a railroad car or an ocean-going vessel. Most common dims are 8 x 8 x 20 or 8 x 8 x 40 feet

Question 2

Longshoreman

Answer 2

A person who performs manual labor Ina. Port

Question 3

Stevedore

Answer 3

A person who loads and unloads good from a vessel in a port

Question 4

Logistics

Answer 4

That part of the supply chain process that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers’ requirements

Question 5

Supply chain management

Answer 5

Supply chain management encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all Logistics Management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers.

In essence, SCM integrates supply and demand management within and across companies

Question 6

Logistics and SCM relationship

Answer 6

The shift from logistics to supply chain management was a shift from an internal focus on the company’s own processes to an external focus that includes all the firm’s partners

Question 7

Evolution of logistics

Answer 7

Tha

Question 8

International Logistics

Answer 8

The process of planning, implementing, and controlling the flow and storage of goods, services, and related information from a point of origin to a point of consumption located in a different country.

Emphasis on creation of internal processes and strategies

Question 9

International Trade

Answer 9

The sale of goods and services across international borders