Physical Distribution and Logistics
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Physical Distribution and Logistics

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@RestoredPlutonium

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Questions and Answers

What is another term for physical distribution?

  • Logistics (correct)
  • Supply Chain Management
  • Order Fulfillment
  • Inventory Management
  • What are the four components of physical distribution?

  • Sourcing, Manufacturing, Marketing, and Sales
  • Transportation, Warehousing, Inventory Management, and Order Processing (correct)
  • Purchasing, Production, Packaging, and Delivery
  • Recruiting, Training, Motivating, and Evaluating
  • What does a vendor refer to in the context of physical distribution?

  • A supplier of products or services (correct)
  • A warehouse management company
  • A transportation company
  • A inventory management software provider
  • What is a carrier in the context of physical distribution?

    <p>A company or individual responsible for transporting goods</p> Signup and view all the answers

    What does inventory refer to in the context of physical distribution?

    <p>The stock of products or materials held for sale or production</p> Signup and view all the answers

    How many modes of transportation are commonly used in physical distribution?

    <p>5</p> Signup and view all the answers

    Study Notes

    Physical Distribution and Logistics

    • Physical distribution is also referred to as logistics.
    • The four components of physical distribution are:
      • Transportation
      • Warehousing
      • Inventory management
      • Order processing

    Vendors and Carriers

    • Vendors are suppliers or sellers of products or services.
    • In the context of physical distribution, vendors refer to the suppliers of products being transported and distributed.
    • A carrier is a company or individual responsible for transporting goods from one location to another.
    • Examples of carriers include:
      • Shipping companies
      • Trucking companies
      • Courier services

    Inventory Management

    • Inventory refers to the stock of products or materials held by a business for sale or production.
    • Inventory includes both:
      • Finished goods ready for distribution
      • Raw materials

    Modes of Transportation

    • There are five modes of transportation commonly used in physical distribution:
      • Road (trucks)
      • Rail
      • Air
      • Water (ships)
      • Pipeline
    • Advantages and disadvantages of each mode of transportation:
      • Road (trucks):
        • Flexibility and accessibility
        • Traffic congestion and limited capacity
      • Rail:
        • Cost-effective for long distances
        • Limited accessibility and fixed routes
      • Air:
        • Fast and efficient for long distances
        • Expensive and limited capacity for bulky goods
      • Water (ships):
        • Cost-effective
        • Slow and dependent on weather conditions
      • Pipeline:
        • Not mentioned in the provided text

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    Description

    Test your knowledge on physical distribution, including its components, vendors, and carriers. Learn about the roles of each in the logistics process. Understand the concept of physical distribution and its importance in business.

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