Chapter 8 Textbook Questions

8.1. What is logistics?
8.2. What are the three types of logistics?
8.3. In terms of logistics, why did Napoleon's Russian campaign fail?
8.4. What are two ways Rockstar North uses logistics?
8.5. How do production logistics help manufacturing businesses?
8.6. What is meant by the supply chain?
8.7. What are the links in the supply chain?
8.8. What is third-party logistics, and what is its purpose?
8.9. How do point-of- sale terminals help inventory management in a retail store?
8.10, How does just-in- time inventory control reduce the need for storage space?
Because of the costs and risks associated with storage, each link in the supply chain tries to
pass the goods on as quickly as possible. Many businesses attempt to manage the storage
issue by eliminating this step altogether. Just-in-time (JIT) inventory systems, for example,
require suppliers to make and ship what either the factory or retailer requires quickly enough so
that the goods and materials arrive at the workstation, factory floor, or retail store as they are
needed. Some manufacturers are so committed to the JIT process that they rent parking spaces
near the factories they ship to, and park full trucks there to meet their commit- ments.
Just-in-time inventory systems require that all the links in a supply chain are in constant
communication with each other and act as partners. in the distribution process.
8.11. Outline the purposes of cash-flow management.
Supply chain managers are only involved in cash-flow management if transactions take place
between businesses in two different countries. Cash-flow management within the supply chain
involves negotiating payment terms (when the payment for the goods is required), settling up
the method of payment (how the payment is to be made by letter of credit, money transfer, etc.),
and arranging any exchange of funds across the links of the supply chain. This includes
payment for raw materials, supplies, finished products, machinery and equipment,
transportation services, legal fees, and the many other costs incurred in an international
business transaction.
8.12. What are two other terms for supplier management?
Supplier management, also referred to as sourcing or procurement, consists of finding reliable

sources for the products and services a business needs
8.13. Name five reasons for the increase in the complexity and speed of business across the
global supply chain.
8.14. What are the two categories of physical distribution?
Inbound distribution and outbound distribution
8.15. What is the FOB point?
the FOB point has been defined by the International Chamber of Commerce's (ICC) Incoterm
document to mean Free on Board. This is the point at which the costs and risks associated
with the physical distribution of the goods pass from the seller to the buyer.
8.16. What do the following acronyms stand for?
a. DDP:Delivered Duty Paid
b. CFR:Cost and freight
C. FOB:free on board
d. FCA: Free career
e. CIP: carriage and insurance

8.17. The selection of a carrier depends upon what five factors?
1-Speed of delivery required

2-Destination of the shipment
3-Cost of the carrier
4-What is being shipped.
5-Weight of the shipment
8.18. What are the four major methods of transportation?;
Air, Road, Sea and Raila
8.19. Why would a company decide not to use an ocean freighter to ship its product?
The major advantage of using ocean freight as a transportation method is that it is inexpensive.
It is, however, quite slow, and requires the shipper to involve at least one other carrier in the
physical distribution process, as ships cannot go door to door.
8.20. In the flow chart of intermodal shipping, how many times is a truck used?
8.21. What are five supply chain issues that might affect international shipments?
8.22. Where is most pirate activity centered?
8.23. What does optimization mean?
8.24. What assistance does the Canadian Trade Commissioner service provide?
8.25. What is the Canadian Trade Index?
8.26. What is the role of a customs broker?
8.27. What is Canadian Company Capabilities?
8.28. Describe five responsibilities of the Canada Border Services Agency.

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8.1. What is logistics?

8.2. What are the three types of logistics?

8.3. In terms of logistics, why did Napoleon's Russian campaign fail?

8.4. What are two ways Rockstar North uses logistics?

8.5. How do production logistics help manufacturing businesses?

8.6. What is meant by the supply chain?

8.7. What are the links in the supply chain?

8.8. What is third-party logistics, and what is its purpose?

8.11. Outline the purposes of cash-flow management.

8.12. What are two other terms for supplier management?

Supplier management, also referred to as sourcing or procurement, consists of finding reliable

8.14. What are the two categories of physical distribution?

Inbound distribution and outbound distribution

8.15. What is the FOB point?

8.16. What do the following acronyms stand for?

a. DDP:Delivered Duty Paid

b. CFR:Cost and freight

d. FCA: Free career

e. CIP: carriage and insurance

1-Speed of delivery required

8.18. What are the four major methods of transportation?;

Air, Road, Sea and Raila

8.22. Where is most pirate activity centered?

8.23. What does optimization mean?

8.25. What is the Canadian Trade Index?

8.26. What is the role of a customs broker?

8.27. What is Canadian Company Capabilities?

8.28. Describe five responsibilities of the Canada Border Services Agency.

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