Teori2 Flashcards
What is the main goal of distribution management?
To efficiently move goods from production to consumption points while minimizing costs and maximizing customer satisfaction.
Name three dimensions of sustainability in logistics.
Environmental, Social, and Economical.
What does ‘city logistics’ refer to?
Goods transport within urban areas, including service, construction, waste, and private transports.
Define ‘multimodal transport’.
Combining several types of transport to use the most efficient mode for each part of the journey.
What is cross-docking in a distribution center?
Unloading inbound goods and immediately reloading them for outbound delivery, with or without registration in inventory.
What are ‘Incoterms’?
International commercial terms defining responsibilities of buyers and sellers in international trade.
What is a ‘physical distribution channel’?
The method used to distribute goods from the point of production to the point of consumption.
What is a ‘trade or transaction channel’?
Intangible flows between factory and wholesaler or consumer, like negotiations and buying and selling.
What does ‘postponement’ mean in logistics?
Delaying final product configuration until closer to the customer demand.
What is a ‘first-party logistics’ provider (1PL)?
A company that handles its own logistics.
What is a ‘third-party logistics’ provider (3PL)?
A company that provides outsourced logistics services.
What is a ‘fourth-party logistics’ provider (4PL)?
A company that manages other logistics service providers.
What is the ‘Traveling Salesman Problem’ (TSP)?
Finding the shortest possible route that visits each node and returns to the origin.
What is the ‘Vehicle Routing Problem’ (VRP)?
Determining optimal routes for a fleet of vehicles to serve multiple customers.
What is a ‘heuristic’ in the context of optimization?
A problem-solving approach that finds a good solution, but not necessarily the best one, in a reasonable time.
Describe the ‘savings heuristic’ for VRP.
A method to merge customers into routes based on how much is saved by combining them.
What are the key differences between strategic, tactical, and operational planning in logistics?
Strategic is long-term (3-5 years), tactical is mid-term (1-2 years), and operational is short-term (daily to 1 year).
What is the significance of a Bill of Materials (BOM)?
A list of the raw materials, sub-assemblies, and components needed to manufacture a product.
What does LCA stand for?
Life Cycle Assessment.
What is the focus of ‘reverse logistics’?
Managing the flow of goods from the consumer back to the manufacturer or supplier.
What is the difference between ‘trans-shipment’ and ‘flow-through’ in a distribution center?
Trans-shipment is when the order is already packaged for delivery, flow-through involves some sorting or break bulk when the order is received.
What is ‘merge-in-transit’?
Adding current inventory to an incoming order at the distribution center.
What are some of the external factors that affect distribution decisions?
Available modes of transport.
What are some of the key questions that need to be addressed when making distribution decisions?
How we transport our materials and goods, what mode of transport should we use?