Here you will be asked over 27 questions of the topic, so, read attentively and answer. A company needs to locate three departments (X, Y, and Z) in the three areas (I, II, and III) of a new facility. Chapter 11: Logistics and transportation. Launched: 2010 Founders: Bhavish Aggarwal Headquarter: Bengaluru, India Ola Cabs is an application-based Transportation Company that was initiated in 2010 in Mumbai as an online cab aggregator. Global Available-to-Promise is the SAP Supply Chain Management ( SCM ) module that allows companies to aggregate demand from different sources into one central location in SAP ERP . The activites required to move and position inventory throughout a supply chain. Connect to your LMS. In this section we will take a look at 1) an introduction of place, 2) distribution channels and intermediaries, 3) making channel decisions, 4) managing distribution channels, 5) the impact of the marketing mix on . Transportation Cross-Docking: This operation combines shipments from a number of different carriers in the less-than-truckload (LTL) and small-package industries to gain economies of scale. Trucking transportation is always less costly than rail. Then provide a 1-3 sentence explanation as to why. Password. -allows for competitive advantage to be gained through reduced costs and improved customer service. This is still true and has not changed. 1) Aerospace Industry. iStar Login. Logistics includes the science of planning for managing and implementing procedures for the most efficient and effective storage . The lower cost cells are chosen over the higher-cost cell with the objective to have the least cost of transportation. A Freight Forwarder provides to consolidators as well as individual shippers: Non-Vessel Operating Common Carrier documentation. Other Quizlet sets. The act of moving something from Point A to Point B. D. Logistical systems that emphasize close cooperation and comprehensive interorganizational management. Transportation and communication costs will drop, logistics and global supply chains will become more effective, and the cost of trade will diminish, all of which will open new markets and drive economic growth." . e. None of the above. services include: transportation, warehousing, distribution, order fulfillment , kitting and final assembly of modular products (mass customization), pick and pack, compliance labeling, product inspection and testing, product packaging, and reverse logistics. 3) To move shipment back over part of a route already traveled. Third-party logistics (abbreviated as 3PL, or TPL) in logistics and supply chain management is an organization's use of third-party businesses to outsource elements of its distribution, warehousing, and fulfillment services.. economy. B. cost-effectiveness. . Supply chains consist of all the steps involved in getting a product from a raw material into the hands of the customer. "The chapter then provides a structured overview of a number of strategic options for managing the logistics of the supply chain.". A prospective partner can bring an infusion of cash into the business. C. Transportation, storage, warehousing and order processing. Transportati. The Incident Logistics Section Chief is responsible for A. supervising the three branches of the Logistics section B. knowing exactly the types and amounts of resources that are needed for any impacted population in the US C. building a national logistics management system. Estimating School 3. 0% . a. 14. Transportation and Logistics True or False. Inventory Carrying Costs = Cost of Storage / Total Annual Inventory Value x 100. This is an application to manage an optimized solution for local logistics and transportation needs for both businesses and consumers in the urban areas. Term. B. ECCN pertains to the alphanumeric code that describes a particular commodity and shows the specific control associated with it. Processing fast and precise sales orders. Logistics is the part of the supply chain that plans, implements, and controls the efficient, effective flows and storage of goods and services between the point of order and point of consumption in order to meet the customers' requirements. Email Address. Get a view of each student's performance. 2) Transport Industry. While people use the terms interchangeably, transportation management is a subdivision of logistics. "Logistics" was initially a military-based term used in reference to how military personnel obtained, . The word logistics is derived from the Preview this quiz on Quizizz. bang for the buck. The four Ps are the four essential factors involved in marketing a good or service to the public. -is a frequent candidate for outsourcing. Transportation, Distribution and Logistics. measures the responsiveness quantity demanded of a good to the change in price of another good. Ch. Rail terminology is a form of technical terminology.The difference between the American term railroad and the international term railway (used by the International Union of Railways and English-speaking countries outside the United States) is the most significant difference in rail terminology. 15. Find 12 ways to say TRANSPORTATION, along with antonyms, related words, and example sentences at Thesaurus.com, the world's most trusted free thesaurus. 49 terms. These are the four Ps: the product (the good or service), the price (what the consumer pays), the . SURVEY . Logistics involves intelligent trade-offs. c. Perfection is an attainable goal. Have you always been fascinated by vehicles? Enable Screen Reader Mode. Le décollage — take-off. Air Travel. 6.) logistics is another name for transportation. Played 0 times. Transportation deals with the movement of goods, while logistics handles the supply chain management of transportation from the manufacturer to the end-user. Management should determine how to improve processes. 3. Learning Insights. This may help your company attract potential investors and raise more capital to . And while both work with getting products and services from one location to another, logistics handles storage integration, cataloging, handling, packaging, and transportation. Retail Cross-Docking: This process involves the receipt of products from multiple vendors and sorting them onto outbound trucks for a number of retail . Reliability again becomes important on the basis of situation. Logistics in the sense of business is a detailed management and implementation of a complex operation. ! Logistics is the science of planning, organizing, and executing procedures for storing and transporting commodities and services. Start studying Transportation Logistics. Answer (1 of 2): Transportation is just a part of logistics. 21 terms . . Stevenson - Chapter 06 #124. The standard formula is EOQ = Square Root [2 * (Annual Usage) * (Order Cost) / (Annual Carrying Cost/unit)]. Multiple carriers contracted to fulfill a single journey.. Multimodal - is the movement of cargo from . Long-term goals: Long-term goals include customer satisfaction, your company's competitive advantage and supply chain management. University . The activities undertaken in logistics include demand forecasting, export packaging, carton labelling, order management, inspection, transportation management, customs clearance, warehousing, and distribution activities to name a few. Answer: FALSE Difficulty: 1 Easy Topic: Perspectives on SCM Learning Objective: 01-01 To define supply chain management (SCM) and identify its relationships with other areas of business activity. L'enregistrement — the check-in counter. Website: Department of Transportation (DOT) Contact: Contact the Department of Transportation At your own disposal time take a quiz with a closed book style. Definition. Logistics management. Synonyms for TRANSPORT: consign, dispatch, pack (off), send, ship, shoot, transfer, transmit; Antonyms for TRANSPORT: accept, receive, depress, depression Elements of culture, especially in the artistic sense. Le retrait des bagages — the baggage claim. logicality. Another study shows that 59% of hiring managers believe that AI will impact the types of skills their companies need. One of the first signs of modern logistics that rely on systematic distribution can be seen in ancient Greeks and Romans. In 2020, petroleum products accounted for about 90% of the total U.S. transportation sector energy use. 20 seconds . Another name for logistics. Noun. 2. For a quick, rough estimate of carrying costs, divide your total annual inventory value by four. L'aéroport — the airport. Also, transportation can be by pipeline or cable. Next in the supply chain is manufacturing. The First Signs of Logistics advancements. Report an issue . 10. 1. The primary goal is to transport inventory throughout a company's supply chain efficiently and effectively. Low value to bulk ratio goods are best carried by air. A certificate of insurance (COI) is issued by an insurance company or broker and verifies the existence of an insurance policy. Workers . Bills of Lading. Efficiency is more important than effectiveness on the road to lean. d. Once the system stabilizes, it should be reviewed annually. The activities that facilitate the transport of products internationally are a subset of the logistics industry. If a business is launching a new product or offering something new, having employees in developed nations offers little in terms of risk management should the product not do well on the open market. Logistics is obtaining, producing, and distributing materials and products in the right qualities and to an end user. DRAFT. They would choose with method of transportation is used, and which carrier will transport the goods. DNA Test practice Biology 4U0. These are the businesses that provide raw materials. 10. Natural gas accounted for about 3%, most of which was used in natural gas pipeline compressors. New technology aims to make the supply chain more efficient, yet investing in the wrong technology further complicates productivity while hindering . 28 supply chain professionals share the biggest challenges of supply chain management. Answer (1 of 26): In the most inclusive sense, Transportation is an essential component of Logistics. For commercial success, and competitive advantage following are the critical factors: Overall objective of an organization is to satisfy and delight customers with its product and services. The Camp Unit Leader Whatever you're looking for we are happy to work with you to come up with a solution that will suit your unique needs. This quiz test the basic knowledge on Logistics and Supply Chain Management for Industrial Engineering and Management course. Third-party logistics providers typically specialize in integrated operations of warehousing and transportation services that can be scaled and customized to customers . Inbound Logistics' glossary of transportation, logistics, supply chain, and international trade terms can help you navigate through confusion and get to the meaning behind industry jargon. Question 7. 7) Education Industry. Le pilote — the pilot. 13 terms. Learn vocabulary, terms, and more with flashcards, games, and other study tools. Role of Logistics in SCM. Supply chain management is a multi-faceted process with many stakeholders and even more moving parts. Reduction of inventory is a key objective of logistics management. Posted on 10 septembre 2021 by . 4) Telecommunication industry. supply chain management supply chain management The part of the supply chain that plans, implements, and controls the flow of materials is called _____. Or a more general definition would be that it's a commercial activity of transporting goods to customers. 3. Term. Savings calculations are off the list price of physical textbooks. Controlling stock movement and storage tightly. 3) Computer Industry. 2. -objective is to obtain efficient operations through the integration of all material acquisition, movement, and storage activities. Currently, with an extensive network that spreads across India, Australia, New Zealand, UK (169 cities) and with over 100,000 cars, it is one of the fastest-growing business. STUDY. A person's social circumstances. Agglomeration: A net advantage a company gains by . differential transportation services are a primary meas of competitve advantage in logistics. stage-management. Transportation, Information flow</p> Tags: Question 7 . effectualness. This is the process of converting the raw materials into . U.S. Department of Transportation. This might include ease of disassembly for repairs, an affordable warranty program, a box that can be used for shipping and return, well-trained and accessible customer service . Play this game to review Education. 11 terms. Means: The means for achieving your long-term goals include delivering value and . This can be by road, rail, sea or air. What is another name for order fulfillment and what is its goal? spending on transportation and water infrastructure as a percentage . The last element of the marketing mix is the place. standardisation UK. In short, when orders are placed, it checks to see when the product can be delivered, depending on whether the product will have to come out of production or from . Test bank for introduction to logistics chapter 12 (MCQs and essay) part ii answers to questions chapter 12: transportation why is transportation important to . What name is given to the integration and coordination of logistics, purchasing, operations, and market channel activities? Pick three modes of transportation, name the federal agency responsible for safety regulation for each of the modes you picked, and provide a safety-related issue for each mode . . Logistics refers to the overall process of managing how resources are acquired, stored, and transported to their final destination. For more info on EOQ see my article Optimizing EOQ or check out my book on inventory management. Supply chain costs often represent a considerable percentage of the sales price of a good or service. PLAY. Definition: The Least Cost Method is another method used to obtain the initial feasible solution for the transportation problem. The five factors driving the convergence of SCM, inventory management and WMS include the following: 1. A good tracking system so that the right goods reach at the right time in the right quantity. Actively managing supply chain offers your company tremendous cost . Logistics I. This is essential in case of travelling and ignored in case of transporting goods. Do you like to drive them or fix them? Supply chain management is another name for integrated logistics management. Logistics packaging helps in reducing transit damage. L'avion — the airplane. Full visibility of the supply chain can improve a company's brand image. Transportation is the movement of goods, livestock, and people from one place to another. more than 50% of logistics. 8) Pharmaceutical Industry. 2. It also sets safety regulations for all major modes of transportation. The movement and storage activities that are associated with product and service flow in the focal organization. This is the big attraction and importance of cost reduction . Another name for physical distribution. Methods of International Payment. Here are the most important words and phrases you need to know when traveling by airplane. A theory or attitude that acts as a guiding principle for behavior. Least Cost Method. If net profit on sales is 5%, for example, a reduction in supply chain costs from 9% to 4% (or from 12% to 7%) will double net profits. Petroleum is the main source of energy for transportation. 10 on this list, risk management is another top reason why companies choose to outsource. Dig Into Student Insights. . The transportation industry consists of three key areas. The difficult part of implementing the formula is getting accurate values for order cost and carrying cost. Get Email Address or Reset Password. Warehousing. 5) Agriculture industry. Processing associated transactions resourcefully. Logistics is one of the important aspects of the service and the manufacturing industry. 1. Computerization has greatly increased the flow of information from the source. 6) Construction Industry. A good transport system to take the goods into different geographical areas. More Cash. The ideas, customs, and social behavior of a particular people or society. Here, the allocation begins with the cell which has the minimum cost. Transportation deals with the function of moving products from one location to another. Topic Area: Designing Product Layouts: Line Balancing. 1) Return transportation movement, usually at less revenue than the original move. willb36. Rail transport is most suited for rural areas. Q. 11. 2) Movement in the direction of lighter traffic flow when traffic generally is heavier in the opposite direction. Every interaction—attendance, participation, assignments, tests—is automatically captured in the Top Hat Gradebook. 12. It's a symbiotic relationship that requires care and attention. Supply chain visibility remains a top concern for most companies today, so it's not surprising that more businesses will be looking to integrate blockchain technology into their supply chains. 3 Bus 400. b. The Transportation, Distribution and Logistics cluster drive and fix vehicles or work behind the scenes to make sure that public transportation is efficient at all times. Alexander the Great used logistics to provide support for his impressive and long campaigns. Small-business owners and contractors typically require a COI that . Operation preceding the manufacturing is called as . Easily understand who's succeeding and who needs extra support. Cost savings flow directly to the bottom line. Most ancient transportation means were using animals. time management. Lang final. transportation the actual, physical movement of goods and people between two points. A transportation logistics manager is responsible for moving goods from place to place. 16. Chegg survey fielded between April 23-April 25, 2021 among customers who used Chegg Study and Chegg Study Pack in Q1 2020 and Q2 2021. They are drivers, pilots, rail car repairers, parking lot attendants, civil engineers and transportation planners. etc…. Ungraded . Risk Management. Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and vendors. Physical and digital supply chains are quickly converging in response to customer's expectations for real-time experiences 24 hours a day, seven days a week. The Department of Transportation is responsible for planning and coordinating federal transportation projects. Welcome to the fundamentals of logistics quiz. The three major aspects of strategic logistics planning include long-term goals and the means and process for achieving those goals. Biofuels, such as ethanol and biomass-based diesel/distillates, contributed about 5%. E. Controlling suppliers who provide inputs and materials to the company. Expert Answer. This may be one of your first considerations when you examine the advantages and disadvantages of a partnership. We stock all types of material handling equipment - bulk material handling, engineered systems, industrial trucks, and storage and handling equipment. Outbound logistics is also called upstream logistics. . Definition: Distribution means to spread the product throughout the marketplace such that a large number of people can buy it. Blockchain Tools to Handle Information. Logistics. Collaborative Logistics Network: CMV: Commercial Motor Vehicle: COD: Collect on Delivery or Cash on Delivery: COFC: Container on Flat Car: COGS: Cost of Goods Sold: CPG: . A Freight Forwarder insists on personal communication and great customer service. In order to control these flows of goods and services, companies need to be efficient in transportation . Design for reverse logistics includes designing for repair, replacement, and returns as well as designing packaging to account for common consumer frustrations. There are also others, due to the parallel development of rail transport systems in different parts . A. Ola Cabs. Typically, the supply chain begins with the vendors or suppliers. Facility Location is the right location for the manufacturing facility, it will have sufficient access to the customers, workers, transportation, etc. Going along with No. logistic capabilites can only be as good as your trnasportation. Being More Responsive to Customer's Unique Product Requirements with Short . Following are different kinds and types of Business industries or industrial. A refined understanding or appreciation of culture. Definitions : Intermodal - is the movement of cargo from origin to destination by several modes of transport where each of these modes have a different transport provider or entity responsible, each with its own independent contract.. The cultivation of plants. 13. Definition. U.S. Department of Transportation: DP: Demand Planning: DPL: Denied Persons List (formerly Denied Parties List) DSL: Dynamic Screening List: DSD: Direct-to-Store Delivery . With this proposed logistics management system these problems are promisingly dealt with. Quiz. Then divide those carrying costs by total inventory value and multiply the number by 100 for a percentage. L'atterrissage — landing. In these days of space technologies, we should also include transport in space. If the mode is not reliable than it will result in loss of both time and money. Comfort - This factor is at times ignored while some makes it priority depending upon the affordability. The person may also have more strategic connections than you do. Even if you follow these principles, you can still run into expensive and easily avoidable warehousing problems. Get a lock on student success. Just write down your name (Official or. Logistics Management Quiz 1. A. BIS is the agency responsible for implementing and enforcing EAR or the Exports Administration Regulations . Let's further discuss these two concepts in brief. We can be contacted at 800-451-0030, or 305-888-3700 if you're in the . Home. Risk Assessment and Management. Agent: An enterprise authorized to transact business for, or in the name of, another enterprise. Other Quizlet sets. C. According to the Commerce Control List by the Bureau of Industry and Security, A pertains to the product group which includes End Items, Equipment . 1. . 16. Also called placement or distribution, this is the process and methods used to bring the product or service to the consumer. ^ 2. 9% of GDP. glen_cook. Connecting sales order processing to logistics management. They want to minimize interdepartmental transportation costs, which are expected to be $.50 per load per meter moved. State whether true or false. Agency Details Acronym: DOT.
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