TRL2604- Integrated Logistics Oct-Nov 2022 Exam Q&A.

TRL2604- Integrated Logistics Oct-Nov 2022 Exam Q&A. SECTION A QUESTION 1 1.1 Define Logistics Management (5 marks) Logistics management is the administration of supply chain management functions that assists firms in planning, managing, and implementing systems for moving and storing commodities. Inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfilment, logistics network design, inventory control, supply and demand planning, and administration of third-party logistics service providers are typical logistics management tasks. The effort required to transport and arrange items along the supply chain is known as logistics. The goal of logistics in supply chain management is to move and arrange goods to accomplish the required time, place, and possession advantages at the lowest overall cost. Logistics is concerned with meeting the expectations of consumers by delivering the correct goods at the right time at the lowest total cost. 1.2 List performance measures that VAP might encounter (5 marks)  Input  Output  efficiency  quality  outcome 1.3. You have been tasked with redesigning their logistics channel strategy and network design, with specific reference to the following: • Number of depots There is usually an imbalance between the consistent supply and the unexpected demand. The solution is to keep excess items generated by a producer until they are required by customers. Warehouse structures are necessary to do this. To transport them about the warehouse and load and unload delivery trucks, they require This study source was downloaded by from CourseH on 11-02-2022 07:54:12 GMT -05:00 specialized storage equipment such as shelves or racks, as well as material handling equipment. • Location of depots • Inventory costs Inventory costs include all expenses connected with ordering, keeping, and maintaining a product-based business's inventory or stock levels. Total inventory expenses are commonly divided into three categories: ordering costs, carrying costs, and stockout costs. • Transport costs Transport expenses are the costs that are borne internally by transportation service providers. They can be permanent (infrastructure) or changeable (operational), dependent on location, infrastructure, administrative hurdles, energy, and how passengers and freight are transported.