lecture 7

Question 1

logistics

Answer 1

THe process of coordinating and moving material and other resources form one location to another

Question 2

International logistics

Answer 2

all functions concerned with the movement of materials and finished goods on a global scale

Question 3

Third party logistics company (3LP) -

Answer 3

an outside company used to manage all or part of another companys product delivery options

Question 4

Transportation modes

Answer 4

Highway (truck)

Water (ship)

Air

Rail (trains)

Pipelines

Hand delivery

Question 5

Highway transportation

Answer 5

Great flexibility for moving goods to virtually any location not separated by water

Question 6

Water Transportation modes

Answer 6

High capacity relative low operation costs, slow, large areas are not accessible

Question 7

Air

Answer 7

Fast but very expensive to operate; small light, expensive items are most appropriate

Question 8

Rail (trains)

Answer 8

Low cost alternative; transit times can be long and may be subject to variability

Question 9

Pipelines

Answer 9

Highly specialized and limited to liquids and gases; no packaging needed and low cost per mile

Question 10

hand delivery

Answer 10

The last step in many supply chains; slow and clostly activity

Question 11

Transportation modes model (water)

Answer 11

High volume (highest), low cost and slow delivery

Question 12

Transportation modes model (rail)

Answer 12

High volume, slow speed of delivery and low cost

Question 13

Transportation modes model (pipeline)

Answer 13

High volume, low cost and high speed of delivery

Question 14

Transportation modes model Highway

Answer 14

Broadest, from high volume low cost to low volume high cost and medium-low to fast delivery

Question 15

Transportation modes model (hand)

Answer 15

slow speed of delivery, Low volume and high cost

Question 16

Transportation modes model (air)

Answer 16

High cost, high speed of delivery but low volume