17 Questions
What are some of the logistic challenges mentioned in the text?
Storage, sorting, and fall rate of transportation.
In an open-loop system, what does 'everything is circulated' mean?
Materials are not necessarily from the same supplier or product.
What does Vendor-Managed Inventory (VMI) involve?
The supplier manages the customer's inventory and replenishes stock when needed.
Which aspect is a logistic challenge in business-to-business (B2B) distribution?
Cleanliness/quality assurance.
What is Consignment Stock in the context of inventory management?
Inventory held by a customer but owned by the supplier until used or sold.
What does the extended waste hierarchy prioritize over disposal?
Waste prevention, reuse, and recycling.
What characterizes an 'Arm’s Length' supplier relationship?
Competitive with a power struggle.
How does circular economy promote a more sustainable approach to managing waste?
By facilitating efficient flow in logistics and supply chain management.
What distinguishes 'Partnership' supplier relationships in the context of supply chain competitiveness?
Collaborative with win/win outcomes.
Which of the following describes a 'Traditional' supplier relationship?
Large batches, arrival checks, and occasional contacts in ordering.
In the context of inventory management, what is an associated supplier known for?
Periodic reviews, collaboration, and information sharing.
What is the main purpose of master planning?
To produce a master plan considering existing capacity and customer orders
What is the primary goal of capacity planning?
To balance access to and need for capacity
What is a benefit of single sourcing according to the text?
Provides greater opportunities to build relationships with suppliers
What is modularization in the context provided?
Dividing products into standardized parts that can be combined
What causes demand variations according to the text?
Price variations due to offers and promotions
What is the Quantity gap mentioned in the text?
Difference in quantities delivered by companies compared to individual customer purchases
Test your knowledge on logistic challenges related to storage, sorting, transportation, and material availability in distribution networks. Explore concepts like open loop circulation and B2B logistics issues such as quality assurance and traceability.
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