supply chain and Logistics Flashcards
Learn about the supply chain and Logistics
What is the definition of Logistics?
Logistics refers to the activities within company or organisation involving product distribution.
What is the definition of supply chain Operations?
Supply chain management refers to managing the flow of goods, finances, information and services.
What are the components of the Logistics process?
The components of the Logistics process are forward and reverse flow. It is the movement of goods both from delivery and customer to customer and delivery.
What is the chain of distribution?
The chain of distribution are the stages taken to get the product from the manufacturer to the consumer.
What are the modes of transportation?
The modes of transportation are Multimodal and Intermodal Transport.
What is multimodal Transport?
Multimodal Transportation is the transportation of goods under a singular contract but involves at least two different means of transport.
What is intermodal transport?
Intermodal Transport is the transportation of cargo from the origin of destination while using SEVERAL modes of transport, each mode with its on individual contract.
What are the 4 P’s of the Marketing mix
The four P’s are Price, Product, Promotion and place.
What is Digital Delivery in a form of transport?
Digital delivery is the form of transportation without physical delivery, digital delivery consist of e-books, music, movies, applications and software.
What is warehousing?
Warehousing is a commercial building where goods are temporarily stored or re-routed to other businesses.
What are the modes of transport by sea?
The modes of transport are cargo ships, oil tankers and boats.
What are inbound functions?
inbound functions are packaging, labelling and assembling component parts.
What are outbound functions?
Outbound functions are the shipping of goods to its final destination
What role does insurance play in logistics?
Insurance ensures that the activities involved in the chain of distribution will be compensated if a loss occurs.
what are the methods of transport?
The methods of transport are air transportation, rail transportation, Road transportation, marine transport, digital delivery and pipeline transport
