M1S1

Question 1

Distribution Management:

it is the starting point. the “___________” provides the raw materials that will be used to make a product.

Answer 1

Suppliers

Question 2

Distribution Management:

Receives the raw materials from the suppliers and uses them to create a finished product.

Answer 2

Manufacturer

Question 3

Distribution Management:

Once the product is made, it is sent to the “_________”. the “___________” buys large quantities of products from the manufacturer and stores them in a warehouse.

Answer 3

Wholesalers

Question 4

Distribution Management:

The wholesalers then transports the product to the “__________” who will sells the directly to the customer

Answer 4

Retailers

Question 5

Distribution Management:

the product reached the “_________”, who buys it from the retailers.

Answer 5

Consumers

Question 6

is part of the supply chain process that ultimately delivers goods to end-users or consumers.

Answer 6

Distribution Management

Question 7

refers to the process of movement of goods from the supplier or manufacturer to point of sale

Answer 7

Distribution Management

Question 8

Distribution as a Marketing Function:

Answer 8

• Effective Distribution Management involves in selling your product while assuring sufficient stock in channels while managing promotions in those channels and their varying requirements.
• it also involves making sure a Supply chain is efficient enough that distribution cost are low enough to allow product to be sold at a right price, thus supporting you marketing strategy and maximizing profit.

Question 9

it is concerned with the efficient transfer of goods from the source of supply through the place of manufacture to the point of consumption in a cost effective way while providing an acceptable service to the customer.

Answer 9

Logistics

Question 10

Logistic Value proposition:

Answer 10

Logistic Cost = Customer Service

Question 11

7 rights of logistics:

Answer 11

1. Right item
2. Right Quantity
3. Right Place
4. Right Time
5. Right Price
6. Right Condition
7. Right Customer

Question 12

3 components of logistics

Answer 12

1. Transport
2. Inventory
3. Warehousing

Question 13

Associated names and different definition of logistics (8)

Answer 13

1. Physical distribution
2. Logistics
3. Business Logistics
4. Material Management
5. Procedure and Supply
6. Product flow
7. Marketing Logistics
8. Demand chain management

Question 14

is it a diverse and dynamic function that has to be flexible and has to change according to the various constraints and demand imposed upon with respect to the environment in which it works.

Answer 14

Logistics

Question 15

Logistics = _____ + _____

Answer 15

Logistics = Materials Management + Distribution

Question 16

represent storage and flows into and through the production process.

Answer 16

Supply and material management

Question 17

represents the storage and flows of the final production point through to the customer or end user.

Answer 17

Distribution

Question 18

Supply Chain = _____ + _____ + _____

Answer 18

Supply Chain =Suppliers + Logistics + Customer

Question 19

these are concerned not only with physical flow and storage from raw material to the final distribution of the finished product but also with information flows and storage.

Answer 19

1. Logistics
2. Supply chain

Question 20

Ancient times:

Answer 20

• Expansions of trade and commerce
• Military Conquest

Alexander the great:
- Provisioning the Army

Hannibal:
- Taught Logistics to the Roman Empire

Question 21

Middle Ages:

Answer 21

1. Shipping Lanes
2. Road Network
3. Storage Facilities

Question 22

Industrial Revolution (19th Century):

Answer 22

1. Rail Networks
2. Steam Ships
3. Telegraphs

Question 23

20th Century:

Answer 23

1. Air Transportation
2. Trucking
3. Containerisation

Question 24

Today (21st Century):

Answer 24

1. E-Commerce
2. Global Trade

Question 25

Historical Perspective:

Focused on how to use mechanization (e.g., Pallets and Pallets Lift) to improve the very labor intensive processes of material handling and how to take advantage of space using racking and better warehouse design and layout

Answer 25

1940s

Question 26

Historical Perspective:

this concept was extended to transportation management with the development of intermodal containers together with ships, trains, and trucks to handle these containers.

Answer 26

1950s

Question 27

Historical Perspective:

the trend has developed in shifting more time-dependent freight transportation to truck which led to warehousing, material handling, and freight transportation.

Answer 27

1960s

Question 28

Historical Perspective:

Development of Distribution Concept. One major change was the recognition by some companies of the need to include distribution in the functional management structure of an organization. There was a decline in the power of the manufacturers and suppliers, and a marked increase in that of the major
retailers.

Answer 28

1970s

Question 29

Historical Perspective:

The emergence of personal computers in the early 1980s provided tremendously better computer access. It led to developed new large scale optimization algorithms that enabled solution of previously intractable airline scheduling problems. Much of
the methodology developed in these centers rapidly began to find its way into commercial technology

Answer 29

1980s

Question 30

Historical Perspective:

The widespread recognition of the term “supply chain” has come primarily as a result of the globalization of manufacturing since the mid ??? particularly the growth of manufacturing in China. The focus on globalization accented the need for logistics strategies to deal with complex networks.

Answer 30

1990s

Question 31

Historical Perspective:

Logistics and the supply chain finally became recognized as an area that was key to overall business success. Indeed, for many organizations, changes in logistics have provided the catalyst for major enhancements to their business. Leading organizations recognized that there was a positive ‘value added’ role that logistics could offer, rather
than the traditional view that the various functions within logistics were merely a cost burden that had to be minimized regardless of any other implications.

Answer 31

2000-2010

Question 32

Historical Perpective:

The key recent and future issues to be faced in distribution, logistics and supply chain
management are reviewed and discussed

Answer 32

2010 and beyond