Exam (elaborations)
GLOBAL LOGISTICS AND SCM MIDTERM EXAM QUESTIONS AND ANSWERS
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GLOBAL LOGISTICS AND SCM MIDTERM EXAM QUESTIONS AND ANSWERS
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1-98 of 98Planning the Most Cost-Effective Transportation Routes and Stops Subject to...
-Hours of Service (HOS) Laws
-Mileage
-Delivery Window
-Other Constraints
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Route Optimization
,Freight terms indicating that ownership of goods remains with the seller until the
goods reach the buyer
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FOB Destination
Buyer takes ownership at seller's location
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FOB Origin
Prior to 2016
Biggest Vessel Able to Transit Panama Canal (32m Beam)
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Panamax
Federal Law in USA
Enforced by USDOT
11-Hour Driving Limit (after 10 hours off)
14-Hour Driving Window w/ Breaks
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, Hours of Service (HOS) Regulations
* Many logistical issues, multiple routes it could have taken
* Takeaways:
- get things out of customs fast
-look at demand first and only receive what is necessary
-fix logistical issues: ensure proper supervision, secure needed equipment, trainings
for laborers, go to diff port
-could ask for cash donation instead of product
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Important Details of Zambia Case
Include...
-Vendor Material Costs
-Transportation Charges
-Working Capital Employed/Opportunity Costs
-Broker Fees
-Insurance Costs
-Taxes and Duties
-Reverse Logistics Costs
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Total Landed Cost
Intended to Guard Against Uncertainty in Supply or Demand to Maintain a Desired
Service Level
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Safety Stock
Refers to Inventory Held for Projected Price Increases or "Getting a Good Deal"
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Strategic or Speculative Stock
-Arctic Sea Ice Shrinking
-6 to 8 Week Annual Window
-2009 --> First Reported Trip w/o Icebreakers
-Cuts Off 4,000 Miles
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Emerging Northern Shipping Lane
Less Than Truckload; 150-10,000 lbs
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LTL
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