Service parts logistics deals with both the management and distribution of new inventory and the repair and refurbishment of major components. What is the goal of a service parts logistics operation? __________supports the
overall repair and maintenance of equipment
as it moves through its post-sales lifecycle.
What costs account for the largest proportion of total logistics costs?
according to the Episode 7 reading about the state of logistics report,
inventory carry costs
account for the largest proportion of total logistics costs.
What are service logistics quizlet?
Service logistics
acquires, schedules and manages facilities, assets, personnel and materials
. This is done to support and sustain a service operation or business.
What are the four subdivisions of logistics?
Logistics has four major subdivisions:
business logistics, military logistics, event logistics, and service logistics
. Business logistics areas mainly include: Logistics network design.
What is the goal of logistics?
Goals of Logistics. There is a temporal and spacial gap between production and consumption. The goal of logistics is
to fill in this gap
. In the past, the main mission of logistics was to deal with the spatial distance by increasing transportation efficiency and reducing the time to deliver goods.
What are the cost associated with logistics?
overall logistics costs into three key components:
transportation costs, inventory carrying costs, and administration costs
. Total transportation costs include costs for both primary and secondary transportation. Primary transportation is the movement of finished goods from plants and vendors to warehouses.
What are the functions of total logistics costs?
They include the
costs of holding goods in inventory (capital costs, labor, warehousing, depreciation, insurance, taxation, and obsolescence)
as well as the physical handling of goods, including tasks such as packaging and labeling.
What are the 5 modes of transportation in logistics?
- Road Transportation.
- Rail Transportation and Pipelines.
- Maritime Transportation.
- Air Transport.
- Intermodal Transportation and Containerization.
- Transport Costs.
- Transport Supply and Demand.
What are the four major functions of logistics?
The four functions of marketing logistics are
product, price, place and promotion
.
What are different types of logistics?
- Inbound Logistics.
- Outbound Logistics.
- Third Party Logistics.
- Fourth Party Logistics.
- Distribution Logistics.
- Reverse logistics.
What are the value added roles of logistics?
Logistics adds value by
taking better advantage of various locations
, implying access to expanded markets (more customers), and lower distribution costs.
What are the 3 logistics objectives?
The logistics strategy comprises three objectives
(i) cost reduction, (ii) capital reduction, and (iii) service improvement
. The cost reduction strategy is aimed at reducing the variable cost related to the movement and storage of goods.
What are the 7 R’s of logistics?
So, what are the 7 Rs? The Chartered Institute of Logistics & Transport UK (2019) defines them as:
Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price
.
What are the logistics activities?
- 1) Order processing.
- 2) Materials handling.
- 3) Warehousing.
- 4) Inventory control.
- 5) Transportation.
- 6) Packaging.
What are the two major operations of logistics?
Transportation and warehousing
are the two major functions of logistics. Transportation management focuses on planning, optimizing and executing the use of vehicles to move goods between warehouses, retail locations and customers.
How can logistics reduce costs?
- Improve Customer Satisfaction. …
- Minimize Travel Times. …
- Centralize Procurement. …
- Consolidate Shipments. …
- Focus On Informed Decision Making. …
- Automate Warehouse and Logistics Processes. …
- Outsource Logistics to a 3PL.
