Questions and Answers
What is the origin of the term 'logistics'?
Derived from the Greek word 'loger' or Logos (λόγος)
What is one of the trends to solve the problem of sourcing material globally?
Outsourcing logistics or using third-party logistics (3PL)
What do organizations develop with 3PL companies to manage their logistics operations network?
Strategic alliances
What does the term 'supply chain outsourcing' refer to?
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What is another term for 'contract logistics' as mentioned in the text?
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Study Notes
Origin of Logistics
- The term 'logistics' originated from the French word 'logistique', which was first used in the 19th century to describe the art of supplying and maintaining an army.
Solving Global Sourcing Challenges
- One trend to solve the problem of sourcing material globally is nearshoring, where companies move their manufacturing operations to countries closer to their target markets.
Managing Logistics Operations
- Organizations develop contracts with 3PL (Third-Party Logistics) companies to manage their logistics operations network, allowing them to outsource their logistics functions.
Supply Chain Outsourcing
- Supply chain outsourcing refers to the practice of outsourcing logistics and supply chain management activities to a third-party provider.
Alternative Term for Contract Logistics
- Contract logistics is also known as outsourced logistics, which involves outsourcing logistics operations to a third-party provider.
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