BASIC MICROECONOMICS

Invention of the sea contaainer-structural evolution of world trade and the boom of international flows of goods

refers the total cost of transportation and storage.

Kanban and Just-in-time logistics

Its the fastest mode of transportation because of cost efficient and benefits from high accessibility and flexibility

it is used for bulk handlng, warehousee storage and transport shipping.This common form is palletized that packs tightly

amethod and means by which a product are physically transferred & distributed from their point of production to customer

This mode of transport is fast but expensive form of shipment and also to deliver products with short lead times.

This kind of transportation mode is very popular mode of transport used by suppliers and businesses to deliver orders

There is only one middleman and distribution of medicines and cosmetics, this distribution is commonly adopted

what is the process of outbound?

focuses on planning, optimizing and executing the use of vehicles to move goods from one place to another

most of textile manufacturers adopt this method of distribution product

is a place for storage or any space that is used to keep materials, goods, products and other items for period of time

This mode of transportation used primarily by petroleum industry to move oil and natural gas.

logistics”, derived from the Greek word ?

This mode of transporatation is for the delivery of variety of goods including post, coal, steel and other heavy goods.

Mode that is mostly used for bulky, non-perishable products such as grain, petroleum products, cement, steel, and coal.

Under this system, goods reach industrial consumer through the agent. Thus there is only one middleman.

refers to the movement of materials from the point of origin to the point of production.

Logistic managers should have a complete knowledge of the life cycle of a product and the role of market changes

The physical containment of materials while it is awaiting a demand or withdrawal

What are the basic function of warehousing?

process of ordering, storing and using the inventory with type and amount of materials

Logistikê” or “Logistikos”, which was used only in modern times by military historians.

A level of strategic planning when a business makes a decision that affects the whole company

Ensure to supply to the customer the following:

According to Stock and Lambert, “Strategic plans provide direction and control or tactical plans and daily operations”

A manufacturer may choose to distribute his goods with the help of two middlemen.

. Manufacturers who want to reduce cost of distribution adopt this method.

A logistics plan is about implementing the logistics strategy, that should be adaptable to both tactical & operational

Combines individual items in shipping containers into a single unit that can be moved easily with a pallet or forklift

Manufacturers sell their goods to retailers and retailers to consumers.

What do you call this kind of logisitics?

This is the movement of damaged goods from customers back to the point of production

A producer of consumer goods may distribute his products directly to consumers. Goods may be sold directly to consumer

location of current logistics facilities.

A fundamental movement in warehousing involves identifying and retrieving products from storage areas

The process of removing items from storage to meet a specific demand

This is the movement of finished goods from the point of production to the point of consumption.

Logos” and the evolved Greek term

these decisions are made on a longer-term basis, whether monthly, quarterly, or even annually also middle managers made.

This activity includes unloading goods from thw transportation equipment and verifying counts from records

A process, receiving from 1 source are occasionally consolidated wih products with same destination and sent to customer

This method can be used whenever customers are so numerous that demand can be seen as a continuous spatial function

The wrapping material around a consumer item that serves to contain, identify, protect etc. the product & keep it clean

A strategy is concerned with a firm's position in an industry, relative to competitors and to 5 forces of competition.

manufacturing capabilities and locations.

refers to the level of investment, which depends on owned equipment and inventories

the source of the cost data and the availability of capital.

these decisions are business objectives and mission statements, as well as marketing and customer-service strategies

- is the process of setting goals, deciding on actions to achieve those goals

these decisions are made in real time on a daily or weekly basis, so their scope is narrow.

is the planning, implementation and control of the efficient, effective forward and reverse flow and storage of G and S.

Evaluates the behavior of the system or a particular configuration under different alternative conditions.

according to Chartered Institute of Logistics and Transport, UK, 2005, what is logistics?

It is the management of all activities which facilitate movement and the co-ordination of supply and demand.

it is the material that first envelops the product and hold it.

 is a long-term action plan of a company which is directed to gain competitive advantage over its rivals

knowledge of products, pricing programs, sales programs and forecasts, and customer-service policies

refers to methods companies use to reach their objectives. a company can examine and implement effective work process

The act of placing materials in storage, it includes handling, location and product placement

deals with the loading, offloading and the movement of materials at the point of origin, in transit.

What is the process of inbound?

Its is first and the most crucial, warehouse should be able to verify that it is received in right and good condition

It is an attempt to determine in advance the most likely outcome of an uncertain variable

Under this channel there is no middleman and goods are directly sold to industrial consumer

Strategy is defines as planning and positioning is the traditional definition of strategy.

new sources, materials, services, and technologies.

This is the simplest and shortest distribution channel and it has no intermediary levels.

QR and ECR tecnologies-logistics concepts with a special emphasis on distribution

Product reaches from manufacturer to agent and then to industrial consumer through the wholesaler.

it is done outside of the packaging perhaps used to group primary packages together

includes functions like inventory planning and management and order fulfillment. It involves of equipment and goods kept

pertains to customer satisfaction and order cycle time.

Strategy originates from the greek word strategies.....

Military Logistics

This activity involves physically moving and loading assembled orders onto transportation camers.