Logistics And Supply Chain Flashcards
What is Logistics?
Logistics is the process of organizing the movement of goods from one part of the supply chain to another to ensure they are available for production when needed.
What is the Supply Chain?
Supply chain is the way that a business gets its resources.
What does Forward Logistics do?
Forward logistics organizes the forward flow of goods from the producer to the end user.
What does Reverse Logistics involve?
Reverse logistics organizes the reverse flow of goods, such as returns and repairs.
List the activities included in Reverse Logistics.
- Organizing returns
- Recalls
- Repair
- Refurbishments
- Recycling
- Repackaging
What is the transformation of natural resources in supply chain operations?
It is the process of a manufacturer taking produce from for example farmers and processing them, such as canning.
What does movement and storage of natural resources refer to?
It refers to transporting and storing raw materials for manufacturers.
What is processing of raw materials into finished goods?
It is when a manufacturer purchases raw materials to process into finished goods.
What does storage of work in progress and finished goods involve?
It involves storing component parts until needed for assembly and finished goods for onward movement.
What is the final step in the supply chain operations?
Delivering the finished product from the point of origin to the point of destination.
