Logistics

• What does information technology (IT) involve?

  Design, creation, use, and management of computer systems
• How have modern information technologies transformed logistics?

  By reducing costs and improving coordination
• What is the purpose of GPS in business?

  To reduce costs and improve efficiency
• How does GIS differ from GPS?

  GIS captures and analyzes geographical data
• What are the uses of GIS in business?

  • Preplanning
  • Navigation
  • Fleet Management
  • Cost analysis
• What is Portnet designed for?

  To increase productivity and reduce costs
• What is telemarketing?

  Selling products via the telephone
• What does e-commerce involve?

  Using websites and email to buy and sell
• What has propelled the growth of global logistics providers?

  Changes in the global economy
• What is B2B commerce?

  Business-to-business commerce
• Name an example of a global logistics provider.

  FedEx
• What is a logistics hub?

  • Integrates shipment, storage, and distribution
  • Provides warehouses and distribution centers
  • Supports loading, unloading, and maintenance
• What are common problems in distribution and their mitigation measures?

  • Delayed shipment: Reconsider shipping company, method, or chain
  • Spoilage: Ensure proper packaging and compensation
  • Industrial unrest: Seek alternative methods or stockpile goods
  • Misdirection: Use reputable companies and proper labeling
  • Inadequate warehousing: Investigate ports for space and processing
  • Lack of security: Hire security and install cameras
  • Ineffective communication: Use GPS and mobile phones
• What does transportation involve?

  Movement of goods and people
• What are the two important roles of transportation in business?

  Bringing materials and delivering finished products
• How does transportation impact sales?

  Fast, reliable transport increases sales and profits
• What are the modes of transport?

  Air, land, sea, and waterways
• What are the advantages and disadvantages of intermodal transportation?

  Advantages:

  • Negotiable terms per stage
  • Each supplier responsible for service
  • Fewer inspections due to sealed containers

  Disadvantages:

  • Slower due to cost reduction
  • Less reliability with multiple suppliers
  • Additional packaging costs
• What are the advantages and disadvantages of multimodal transportation?

  Advantages:

  • Reduced costs and time for coordination
  • Better control and monitoring of shipments

  Disadvantages:

  • Legal limitations may apply
  • Frequent inspections limit operations
• What is the fastest mode of transport?

  Air transport
• What are the advantages of air transport?

  Fast and suitable for perishable goods
• What are the disadvantages of road transport?

  Subject to delays and requires maintenance
• What is a disadvantage of rail transport?

  Schedules can be rigid and inflexible
• What is marine transport suitable for?

  Large and bulky goods
• What is a disadvantage of pipelines?

  High capital investment is required
• What is digital delivery linked to?

  1. commerce
• What are the advantages and disadvantages of digital delivery?

  Advantages:

  • Fast delivery of products
  • No physical barriers to data transfer

  Disadvantages:

  • Requires internet access
  • High competition among sellers
• Why are transport documents important?

  • Record movement of goods
  • Set details of consignor and consignee
• What are some examples of transport documents?

  • Delivery Note
  • Consignment Note
  • Bill of Lading
  • Airway Bill
• What does a Bill of Lading represent?

  A title of ownership document for goods
• What is an Airway Bill?

  A contract of carriage for air transport
• What section of the syllabus are we discussing today?

  Section 7: Logistics and Supply Chain
• Why has section 7 been added to the syllabus?

  It has been updated for the digital era
• What does logistics mean?

  Managing and coordinating complex operations
• How does FedEx relate to logistics?

  FedEx coordinates the movement of packages
• What is the role of logistics in operations?

  It manages the movement of goods and services
• Who are referred to as logisticians?

  Logistics managers
• What is a supply chain?

  A network that delivers products to customers
• How does a supply chain function?

  It connects producers to end users through links
• What are the components of a simple supply chain?

  • Manufacturer
  • Wholesaler
  • Retailer
  • Customer