Logistics - ANSWERAll activities that are performed to move goods
Supply chain - ANSWERIntegration of all logistics activities
Why strategic alliances? - ANSWER• Complexity in business environments is increasing
• Resources required to manage are becoming increasingly scarce
• Many f...
4. Strategic alliances - multifaceted, goal-oriented, long-term partnerships between two companies.
Both risks and rewards are shared.
, Vertical integration - ANSWERWhen a company acquires other companies to complement your
company's activities.
Three types of strategic alliances - ANSWER• Third Party Logistics (3PL)
• Retailer-Supplier Partnership (RSP)
• Distributor Integrations (DI)
3PL's imply... - ANSWER• Strategic partnership
• Long term commitment
• Multi-function arrangement
• Process integration
Advantages with 3PL's - ANSWER• Allows both companies to focus on their core strengths
• Provides technological flexibility
• Provides other flexibilities (geographical, service offerings, resource and workforce size)
Disadvantages with 3PL's - ANSWER• Loss of control inherent in outsourcing a particular function
• Logistics may be one of the core competencies of a firm
• Necessary to share information
Asset-owning 3PL's - ANSWER• Significant size, human resources, customer base, economies of
scope and scale, systems
• May be bureaucratic with a long decision-making cycle
4PL or LLP - ANSWERAn organization that organises other 3rd party logistics partners for outsourcing
of logistics functions. Serves as the client's primary supply chain management provider. Non-asset
based. Differs from 3PL's in the sense that they:
• are often a separate entity established as a joint venture or long-term contract between a primary
client and one or more partners
• act as a single interface between the client and multiple logistics service providers
• manage all aspects of the client's supply chain
Retailer-Suppler Partnership (RSP) - ANSWERCooperative relationship between suppliers and retailers
to use one another's knowledge:
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