Logistics and Supply Chain Flashcards
Define
logistics
Define
supply chain operations
Components of logistics
- forward and reverse flow of goods
- storage of goods
- services such as insurance and related information between destinations
Activities involved in supply chain operations
- transformation of natural resources
- movement and stoage of raw materials
- processing of raw materials and components into finished goods
- storage of wor-in-progress and finished goods
- delivering the finished product from point of origin to point of destination
Describe the
Links in the chain of distribution
- manufacturer
- wholesales
- retailer
- consumer
Distinguish between
Difference between multimodal and intermodal transport
Modes of transport
- air
- rail/train
- road
- marine (cruise and cargo)
- pipeline
- digital delivery
Modes of transport and their suitability for different goods
What are the different tranport documents
- import licenses
- bill of lading
- airway bills
role of transport in marketing
- to fast-track sourcing of commodoties
- ensure security of supply
- cost reduction
importance of transport in domestic trade
importance of transport in regional trade
importance of transport in foreign trade
Identity
advantages of supply chain operations
- better quality of life
- wealth creation
- new and innovative job opportunities
- including entrepreneurship
- telemarketing
challenges of supply chain operations
- globalisation
- counterfeiting
- product complexity
- rapid product obsolence
- regulatory complexity
- management of blunders
- changing market conditions
- natural disasters
- political instability
Explain
Impact of logistics and supply chain operations on the competitiveness of business
- Logistics improve competitiveneness
- Competitive advantage
- comparative cost advantage ourtsosurcing through: second party, third party, fourth party (for example imported concentrates)
Identity
problems likely to be encountered in distribution
- relationship between the availability of airport, harbour and docking facilities and the efficient distribution of goods
- Delayed shipment,
- spoilage,
- misdirection of goods,
- inadequate warehousing facilities,
- lack of proper security measures,
- industrial unrest,
- ineffective communication
Outline
measure to mitigate problems in distribution
- government intervention
- communication network including use of the internet
- insurance
- selecting the most appropriate channel of distribution based on product
- use handling service with good reputation
- careful labeling and documentation
- avoid holding large stocks
- employing security company, use of security cameras
outline
the impact of information technology on logistics and supply chain operations
Forms of technology
* Global Positioning Systems (GPS)
* Geographical Information Systems (GIS)
* Portnet
* Telemarketing, e-commerce
* Global logistics providers such as Fedex, DHL, Amazon Logistics
* Logistics hubs, e.g Jamaica
