Logistics and Supply Chain

Question 1

Define

logistics

Question 2

Define

supply chain operations

Question 3

Components of logistics

Answer 3

1. forward and reverse flow of goods
2. storage of goods
3. services such as insurance and related information between destinations

Question 4

Activities involved in supply chain operations

Answer 4

• 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

Question 5

Describe the

Links in the chain of distribution

Answer 5

1. manufacturer
2. wholesales
3. retailer
4. consumer

Question 6

Distinguish between

Difference between multimodal and intermodal transport

Question 7

Modes of transport

Answer 7

• air
• rail/train
• road
• marine (cruise and cargo)
• pipeline
• digital delivery

Question 8

Modes of transport and their suitability for different goods

Question 9

What are the different tranport documents

Answer 9

• import licenses
• bill of lading
• airway bills

Question 11

role of transport in marketing

Answer 11

• to fast-track sourcing of commodoties
• ensure security of supply
• cost reduction

Question 12

importance of transport in domestic trade

Question 13

importance of transport in regional trade

Question 14

importance of transport in foreign trade

Question 15

Identity

advantages of supply chain operations

Answer 15

• better quality of life
• wealth creation
• new and innovative job opportunities
• including entrepreneurship
• telemarketing

Question 16

challenges of supply chain operations

Answer 16

• globalisation
• counterfeiting
• product complexity
• rapid product obsolence
• regulatory complexity
• management of blunders
• changing market conditions
• natural disasters
• political instability

Question 17

Explain

Impact of logistics and supply chain operations on the competitiveness of business

Answer 17

1. Logistics improve competitiveneness
2. Competitive advantage
3. comparative cost advantage ourtsosurcing through: second party, third party, fourth party (for example imported concentrates)

Question 18

Identity

problems likely to be encountered in distribution

Answer 18

• 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

Question 19

Outline

measure to mitigate problems in distribution

Answer 19

• 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

Question 20

outline

the impact of information technology on logistics and supply chain operations

Answer 20

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