Podcast
Questions and Answers
What is the key distinction between supply chain management and logistics management?
What is the key distinction between supply chain management and logistics management?
- Supply chain management focuses solely on the transportation of goods, while logistics management covers the broader aspects of sourcing and procurement.
- Logistics management encompasses all activities involved in sourcing, procurement, and conversion, while supply chain management is limited to warehousing and distribution.
- Supply chain management includes the coordination and collaboration with channel partners, whereas logistics management concentrates on the efficient flow and storage of goods. (correct)
- There is no practical difference between supply chain management and logistics management; the terms are interchangeable.
In the context of supply chain flows, which of the following resources are typically exchanged between parties?
In the context of supply chain flows, which of the following resources are typically exchanged between parties?
- Only information and documents.
- Cargo, information, documents, and money. (correct)
- Cargo, information, and documents only.
- Exclusively cargo and money.
Which of the following best describes the role of 'E2E Technology' in transportation logistics?
Which of the following best describes the role of 'E2E Technology' in transportation logistics?
- Optimizing cargo consolidation and deconsolidation processes.
- Providing cargo visibility, alerts, and exception management throughout the entire logistics process. (correct)
- Managing customs and FTA agreements related to cargo movement.
- Designing international network routes for CO2 reduction.
A company is considering strategies to optimize transportation costs. Based on the information provided, which factor would likely have the most significant impact on reducing these costs?
A company is considering strategies to optimize transportation costs. Based on the information provided, which factor would likely have the most significant impact on reducing these costs?
In the context of recent developments in supply chains, what is the primary goal of implementing an omnichannel approach?
In the context of recent developments in supply chains, what is the primary goal of implementing an omnichannel approach?
Flashcards
What is a supply chain?
What is a supply chain?
The entire process of making and selling goods, from materials to distribution and sales.
Supply Chain Management
Supply Chain Management
Planning and management of sourcing, procurement, conversion, and logistics activities, integrating supply and demand across companies.
Logistics Management
Logistics Management
Plans, implements, and controls the efficient flow and storage of goods and related information to meet customer requirements.
Direct-to-consumer (D2C)
Direct-to-consumer (D2C)
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Omnichannel
Omnichannel
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