M1S2

Question 1

this refers to the idea of the development of a logistics pipeline approach for products to flow through the supply chain to the end customer.

Answer 1

The concept of the supply chain

Question 2

is an entire system of producing and delivering a product or service, from the very beginning stage of sourcing the raw materials to the final delivery of the product or service to end-users.

Answer 2

Supply Chain

Question 2

Elements of Logistics and Distribution

Answer 2

Storage, warehousing, and materials handling
Transport
Inventory
Information and control
Packaging and unitization

Question 2

location of warehouses
number and size of distribution depots
type of operation

Answer 2

Storage, warehousing, and materials handling

Question 3

mode of transport
type of delivery operation
load planning
route schedule

Answer 3

Transport

Question 4

what to stock
where to stock
how much to stock

Answer 4

Inventory

Question 4

design of systems
control procedures
forecasting

Answer 4

Information and control

Question 5

unit load
protective packaging
handling systems

Answer 5

Packaging and unitization

Question 6

Importance of Logistics and Distribution

Answer 6

Importance in the economy
Importance of key components
Importance in industry

Question 7

Logistics is an important activity making extensive use of the human and material resources that affect a national economy.

Answer 7

Importance in the economy

Question 8

Transport was the most important element, followed by carrying cost, storage/warehousing, customer service/order entry and administration. The transport cost element of distribution was the major constituent part, often due to high fuel costs

Answer 8

Importance of key components

Question 9

The ____________ element of distribution was the major constituent part, often due to high fuel costs

Answer 9

transport cost

Question 10

When looking at industry and company level it is essential to be aware that the above costs are average figures taken across a number of companies.

Answer 10

Importance in industry

Question 11

Channels can be ________ and ___________

Answer 11

short
long

Question 11

________ may be operated by different players: manufacturers, retailers, specialist third- party distribution companies, or indeed by a mixture of these.

Answer 11

supply chains

Question 12

Channels that are very direct

Answer 12

Short

Question 13

Channels have many intermediate stocking points

Answer 13

long

Question 14

The relative importance of logistics is measured in relationship to the overall value of the particular products which has implications for comparing relative importance between different companies

Answer 14

Importance in industry

Question 15

Small companies tend to have proportionately ________________ logistics costs than large companies

Answer 15

higher

Question 16

Logistics costs of small companies are ________ higher compared to about 5 percent for larger companies

Answer 16

10%

Question 17

This simple physical flow consists of the different types of transport (primary, local delivery, etc) and stationary functions (production, finished goods inventory, etc).

The importance of this distribution or logistical cost to the final cost of the product has already been highlighted.

It can vary according to the sophistication of the distribution system used and the intrinsic value of the product itself

Answer 17

Fundamental Characteristics of a Physical Distribution Structure