Logistics

What is logistics defined as?

"Process of anticipating customer needs and wants; acquiring the capital, materials, people, technologies, and information necessary to meet those needs and wants; optimizing the goods- or service-producing networks to fulfill customer requests in a timely manner."

What is a balanced logistics system?

A balanced logistics system is when a company has a relative balance of inbound and outbound goods.

What is a heavy inbound logistics system?

A heavy inbound logistics system is one where a heavy inbound flow is present, but with a low outbound flow. This means that large amounts of parts and raw materials are used to create a minimal amount of products.

What is a heavy outbound logistics system?

A heavy outbound logistics system is when a company has less products/raw materials that flow in than are used in the creation of goods.

What is a link represent and what does it do?

A link represents a company's transportation network, and connects nodes in the logistics system.

What is a node?

A node is a fixed point where goods stop for storage or processing. These are typically warehouse or distribution centers.

What does a logistics manager specializing in storage do?

A storage logistics manager determines the amount of warehouses necessary, where the warehouses will be located, how big the warehouses will be, and how much inventory to keep on hand.

What does the job of a transportation logistics manager entail?

A transportation logistics manager is responsible for moving goods from place to place. They would choose with method of transportation is used, and which carrier will transport the goods.

What is another name for order fulfillment and what is its goal?

Another name for order fulfillment is lead time, and its goal is to ship items as quickly as possible.

What does business logistics do?

Business logistics plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information. This is done from point of use, and is designed to meet customer requirements.

What is event logistics concerned with?

Event logistics uses a network of activities, facilities, and personnel to organize, schedule, and plan for an event to take place. It involves the deployment of resources, as well as the necessary post-event steps such as cleanup.

Why are facility locations important to logistics?

Facility locations are important to logistics because of their role in shipping and transport. Depending on where facility locations are located, product delivery times can be altered significantly. As the goal is to have short delivery times, facility locations should ideally be a short distance from a multitude of places.

What are at least five methods of transporting goods?

Five methods of transport are: motor carriage, airplane/helicopter, ship, pipeline, and train.

What is forecasting?

Forecasting is a process in logistics that tries to predict the demand for products, and order materials/parts based upon this information. Forecasters often work with marketing managers to better predict future sales.

What does materials handling refer to?

Materials handling refers to the movement and placement of goods into a warehouse. This is usually accomplished through the aid of mechanical equipment such as conveyor belts, forklifts, cranes, and automatic storage/recievel machines.

What does military logistics do?

Military logistics is involved in the design and integration of all aspects of support for the operational capability of military forces and their equipment. This ensures readiness, reliability, and efficiency.

Why is packaging important in logistics?

Packaging is important to logistics and supply chain because it protects goods from being damaged or destroyed. This saves money, increases efficiency, and ups customer satisfaction.

What part of logistics was physical distribution concerned with?

Physical distribution was concerned with the outbound side of logistics. That is, the marketing and physical distribution of finished goods.

What is procurement?

Procurement is the process of making or manufacturing a product.

What do production managers do?

Production managers calculate the number of goods that need to be manufacture, based upon the stock on hand and the forecasted numbers.

What is service logistics?

Service logistics acquires, schedules and manages facilities, assets, personnel and materials. This is done to support and sustain a service operation or business.

What are some potential benefits of inventory control?

Some potential benefits of industry control that companies could see are a decrease in stolen merchandise, a more effective ordering system, an increased knowledge of what is on hand, and a better shipping process.

What does seasonal manufacturing have to do with logistics?

Some products are manufactured at only certain times in the year to coincide with customer demand. From a logistics perspective, seasonal manufacturing is done to keep costs low, avoid the overtime rush, and meet demand.

What are the five main activities of the order cycle?

The five main activities of the order cycle are: order transmission, order receipt, order processing, order preparation, and order shipment.

What are the 4 P's of marketing?

The four P's of marketing are: place, product, promotion, and price.

What are the four subdivisions of 21st Century logistics?

The four subdivisions are: business logistics, military logistics, event logistics, and service logistics.

What are the four value-added roles of logistics?

The four value-added roles of logistics are: form utility, place utility, time utility, and possession utility.

What is the goal of logistics?

The goal of logistics is to allow a company to be more efficient and effective.

What is the order cycle?

The order cycle is all of the activities that elapse from when a customer orders a product to when they receive that product.