GSC 3600 - Exam 2(1)

Part of supply chain management that plans, implements, and controls the effcient, effective forward and reverse flow and storage of goods, services, and related information btwn the point of origin and the point of consumption in order to meet custos requirements

Transportation
Warehousing
Material Handling
Packaging
Inv Management
Logistics Info Systems

Highway
Water
Air Rail
Pipeline

Dominates the logistics infrastructure due to geo extension
Has become more cost effective over time due to better scheduling
Involves diff types of shipments direct truck shipment made w/no stops

Ideal for materials with high weight-to-value ratio, especially if delivery speed is not critical
Ex: farm produce, timber, petroleum-based products

Ideal for custos w/a low weight-to-value ratio, especially if delivery speed or delivery reliability is critical
Higher shipping costs and improvement in other modes have reversed the rise in air growth over the past decade

Characteristics similar to water but more flexible

To accommodate growth, rail carriers have doubled the number of lines along busy corridors, changed the physical configuration of the trains, and utilized multimodal solutions

Transportation soluation that seeks to exploit the strengths of multiple transportation modes

Any operations that stores, repackages, stages, sorts or centralizes goods or materials

Form of warehousing that pulls together shipments from a number of sources in the same geo area and combines them into larger and more eco loads

Form of warehousing that combines classic warehouse operations w/light manufacturing/packaging duties to allo firms to put off final assembly or packaging of goods until the last possible moment

System that includes the equip and procedures needed to move goods w/in a facility, btwn a facility and a trans mode and btwn diff trans modes

The way goods and materials are packed in order to faciliate physical, informational, and monetary flows through the supply chain

Using slower and cheaper transportation modes will cause inv levels w/in the supply chain to rise. Using faster and more expensive trans modes will enable firms to lower inv levels

Warehousing and inv managers must work closely to achieve the desired business outcome