1.List and explain the challenges in global logistics 2.What is the role of RFID
ID: 392424 • Letter: 1
Question
1.List and explain the challenges in global logistics
2.What is the role of RFID chips in logistics?
3.Why is it desirable to reduce the number of suppliers in the supply chain? What are the risks?
4.Explain what is meant by the statement, “Align your financial supply chain with your trade supply chain.”
5.What is the role of a supply chain service provider? How does this aid or hinder the efforts to manage an offshore supply chain?
6.Kaizen is usually and internal activity focused on improvement. Explain how Kaizen might be used for improving the supply chain.
Explanation / Answer
1.
Logistic management is a component of supply chain management that focus on meeting the demand of customers by proper planning, control and implementation of movement and storage of goods or services from point of production to point of purchase.
Logistics is the movement of right amount of goods to the right place in right time. Inbound logistic refers to the movement of resources into the organization and outbound logistics refers to the movement of finished products to the customers from the organization.
In this competitive environment, the logistics keeps on changing to provide effective customer service and minimize the cost of business. Business are giving importance to customer preference, needs and demands so system design and analysis must not be a one-time activity. It is important to build a flexible system in order to meet the needs and demands of the customers.
The challenges associated with global logistics are: -
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