Logistics and Distribution

Question 1

What is Logistics

Answer 1

Logistics is the flow of funds, goods and
information between origin and
consumption.

Question 2

What does logistics include

Answer 2

information, material handling, production, packaging, inventory, transportation, warehousing

Question 3

What are supply chain operations

Answer 3

Supply chain operations include the systems,
structures and processes to plan and execute
the flow of goods and services from supplier to
customer.

Question 4

What are activities included in supply chains

Answer 4

Transformation of natural resources.

Movement and storage of raw materials

Processing of raw materials and components
into finished goods.

Storage of work-in- progress and finished
goods.

Delivering the finished product from point of
origin to point of destination.

Question 5

What is forward flow

Answer 5

Movement of goods from supplier to consumer

Question 6

What is reverse flow

Answer 6

Movement of goods from consumer to supplier

Question 7

What can be the cause of reverse flow

Answer 7

Damaged goods, Recycling, Unwanted goods, Bulk

Question 8

What is Inventory control

Answer 8

Inventory control, also called stock control, is the process of managing a company’s inventory levels

Question 9

What is warehousing

Answer 9

Warehousing is the storing of finished goods until they are sold.

Question 10

What is transporting

Answer 10

For movement of goods from the supplier to the buyer, transportation is the most fundamental and important component of logistics.

Question 11

What is Material handling

Answer 11

Material handling is the movement, protection, storage and control of materials and products throughout manufacturing, warehousing, distribution, consumption and disposal.

Question 12

What is Insurance

Answer 12

This provides coverage against physical damage or loss of goods during shipping, whether by land, sea or air or even during storage.

Question 13

What is Intermodal

Answer 13

Basically the movement of cargo from destination to origin that has different entities/ provider responsible with a DIFFERENT contract

Question 14

What is multimodal

Answer 14

Basically the movement of cargo from destination to origin that has different entities/ provider responsible under the SAME contract

Question 15

What is Digital Delivery

Answer 15

This is the delivery or distribution of digital
media content such as audio, video, software and video games.

Question 16

What is a Delivery Order

Answer 16

Basically a document from a consignee of a freight carrier that orders the release of the transportation of cargo to someone else

Question 17

What is a Dock recipet

Answer 17

A Doc Receipt confirms that cargo has been received for shipment.

Question 18

What is a Bill of Lading

Answer 18

A Bill of Lading is evidence that there is a contract between a shipper of goods and a
carrier.

Question 19

What is a Seaway Bill

Answer 19

A seaway bill is a receipt of goods issued by the ocean carrier to the customer (also called the consignor or shipper).

Question 20

What is an airway bill

Answer 20

An air waybill or air consignment note is a receipt issued by an international airline for goods and an evidence of the contract of carriage

Question 21

What is a Shipping Guarantee

Answer 21

signed by the bank and issued to the importer for picking up the goods from the shipping company

Question 22

Role of transport

Answer 22

To fast track sourcing of commodities

Ensure security of supply.

Cost reduction

Physical Supply Of Products

Mobility Of Labor And Capital

Stabilization In Price

Question 23

Uses of tech in Logistics

Answer 23

Global positioning systems (GPS)

Geographic information system (GIS)

Portnet

Telemarketing –ecommerce

Global logistics providers such as Fedex, DHL,
and Amazon Logistics

Logistics Hubs example Jamaica