D470 - Transportation, Logistics, and Distribution
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Terms in this set (644)
Logistics Materials Management + Distribution
Supply Chain Suppliers + Logistics + Customers
Five Rights Right product, place, time, quantity, and cost.
Total Logistics Concept Integrates logistics elements (transport, storage,
(TLC) packaging, etc.) into a single optimized system.
Ensures that savings in one area do not cause higher
Trade-off analysis
costs elsewhere.
Logistics costs in the U.S. Around 7.6% of GDP.
(2020)
Transport cost ~48% of logistics cost (highest).
Logistics impact on GDP 7.4%-14.5% depending on country.
Strategic (long-term), Tactical (mid-term), Operational
Logistics planning levels
(short-term).
Planning = doing the right thing (design), Control =
Planning vs. Control
doing things right (execution).
Where are we now? What are our objectives? Plan the
Logistics planning cycle
operations, Monitor performance, Adjust and repeat.
, Requires logistics systems that are complex,
Globalization in logistics
integrated, and flexible.
Challenges of Long lead times, multiple transport modes,
globalization customization by region.
DPP Assigns true logistics costs to individual products.
MRP/DRP Plans production and distribution to minimize waste.
Logistics system Moving functions (transport) and stationary functions
components (storage, manufacturing).
Economic importance of Impacts GDP and cost components across various
logistics industries.
Historical evolution of From informal coordination in the 1950s-60s to
logistics strategic rethinking in the 2000s.
Growth observed in the 1980s due to rising costs and
Third-party logistics (3PL)
technology adoption.
Emergence of supply 1990s focus on end-to-end collaboration.
chain management
Key trends in logistics Green logistics, humanitarian logistics, lean/agile
(2010s-present) supply chains, e-commerce, AI, and Big Data.
High-value products have low logistics %, low-value
Cost variations by industry
heavy products have high logistics %.
Higher logistics % of sales due to lack of economies
Small firms logistics costs
of scale.
Reduces inventory; delivers only what's needed, when
JIT
needed.
Cost-to-Serve Calculates real cost of serving individual customers.
DOM Matches orders to best inventory location.
Uses Big Data and AI for real-time supply chain
Control Tower
decisions.
Cost leader Low inventory, asset utilization.
- WGU Complete 600 Questions With 100%
Accurate Answers/ D470 Pre-Assessment Latest
Save
Terms in this set (644)
Logistics Materials Management + Distribution
Supply Chain Suppliers + Logistics + Customers
Five Rights Right product, place, time, quantity, and cost.
Total Logistics Concept Integrates logistics elements (transport, storage,
(TLC) packaging, etc.) into a single optimized system.
Ensures that savings in one area do not cause higher
Trade-off analysis
costs elsewhere.
Logistics costs in the U.S. Around 7.6% of GDP.
(2020)
Transport cost ~48% of logistics cost (highest).
Logistics impact on GDP 7.4%-14.5% depending on country.
Strategic (long-term), Tactical (mid-term), Operational
Logistics planning levels
(short-term).
Planning = doing the right thing (design), Control =
Planning vs. Control
doing things right (execution).
Where are we now? What are our objectives? Plan the
Logistics planning cycle
operations, Monitor performance, Adjust and repeat.
, Requires logistics systems that are complex,
Globalization in logistics
integrated, and flexible.
Challenges of Long lead times, multiple transport modes,
globalization customization by region.
DPP Assigns true logistics costs to individual products.
MRP/DRP Plans production and distribution to minimize waste.
Logistics system Moving functions (transport) and stationary functions
components (storage, manufacturing).
Economic importance of Impacts GDP and cost components across various
logistics industries.
Historical evolution of From informal coordination in the 1950s-60s to
logistics strategic rethinking in the 2000s.
Growth observed in the 1980s due to rising costs and
Third-party logistics (3PL)
technology adoption.
Emergence of supply 1990s focus on end-to-end collaboration.
chain management
Key trends in logistics Green logistics, humanitarian logistics, lean/agile
(2010s-present) supply chains, e-commerce, AI, and Big Data.
High-value products have low logistics %, low-value
Cost variations by industry
heavy products have high logistics %.
Higher logistics % of sales due to lack of economies
Small firms logistics costs
of scale.
Reduces inventory; delivers only what's needed, when
JIT
needed.
Cost-to-Serve Calculates real cost of serving individual customers.
DOM Matches orders to best inventory location.
Uses Big Data and AI for real-time supply chain
Control Tower
decisions.
Cost leader Low inventory, asset utilization.
