Section Seven - Logistics & Supply Chain

Question 1

Logistics

Answer 1

Involves the planning, transportation, and management of goods, services, and information from the point of origin to the point of consumption

Question 2

Supply Chain

Answer 2

The handling of the entire production flow of a good or service, starting from the raw components all the way to delivering the final product to the consumer

Question 3

Components Of Logistics

Answer 3

Forward Logistics
Reverse Logistics

Question 4

Modes of transport

Answer 4

Air
Rail
Marine
Road
Pipeline

Question 5

Transport Documents

Answer 5

Import License
Bill Of Landing
Airway Bill

Question 6

Import License

Answer 6

A document issued by a national government authorizing the importation of certain goods into its territory

Question 7

Bill of landing

Answer 7

A legal document issued by a carrier to a shipper that details the type, quantity and destination of the goods being carried

Question 8

Airway Bill

Answer 8

A document that consists of all the details about the goods that are transported via air cargo

Question 9

Advantages of Supply Chain operations

Answer 9

Better quality of life
Creation of wealth
Creation of job opportunities

Question 10

disadvantages of Supply Chain operations

Answer 10

Globalization
Counterfeiting
Product Complexity

Question 11

Problems in Distribution

Answer 11

Spoilage
Security measures
Misdirection of goods