LECTURE 4 - part 1

Question 1

Logistics (definition)

Answer 1

the organization of transporting and warehousing of goods

Question 2

Logistic management (definition)

Answer 2

the part of the supply chan management that plans, implements, and controls the efficient, effective foreward and reverse flow and storage of goods, services and related information between point of origin and the point of consumption in order to meet customer demand

Question 3

Logistics cover activities such as: 6)

Answer 3

• Transportation
• Warehousing
• Material handling
• Packaging
• Inventory management
• Logistic information systems

Question 4

Difference logistics and supply chain

Answer 4

Supply chains are responsible for the overall sourcing, processing, and delivery of goods to the end customer

Logistics specifically focusses on moving and storing goods between different supply chain organizations

Question 5

Warehousing (3)

Answer 5

• Consolidation warehousing
• Cross-docking warehousing
• Break-bulk warehousing

Question 6

Consolidation warehousing (definition)

Answer 6

Form of warehousing that pulls together shipments from a number of sources in the same geographical area and combines them into larger and more economical shipping loads

Question 7

Cross docking warehousing (definition)

Answer 7

Form of warehousing in which large incoming shipments are received and broken down into smaller outgoing shipments to demand points in a geographical area

Question 8

Layers of logistics (4)

Answer 8

1PL (do it yourself logistics)

2PL (hire a transporter)

3PL (logistic service provider that provides all SC services)

4PL (lead logistics provider consultant: strategy and integrate several SC’s)

Question 9

Transportation options (5)

Answer 9

• highway
• water
• air
• rail
• pipeline