DEFINITIONS
The way in which Lasco Powder reaches the shelves in your local supermarket
What is Logistics?
This is you!
What is Consumer?
It is the most convenient way of transporting goods during natural calamities
What is Air Travel?
A company hiring another company to do some of its work for them
What is Outsourcing?
Mediums we use to transport products from factory to consumer
What is Forward Logistics
They buy in bulk from the producer or manufacturer
What is Wholesaler
The best way to transport water, natural gas, and oil
What are Pipelines?
The umbrella term for second, third, and fourth-party logistics
What are logistics service providers?
When Restaurants utilize Courier Services to deliver products
What is outsourcing?
Their job is to grow or mine the raw material to supply to the manufacturer
Who is the Producer?
An example of Multimodal Transport
What is Jamaica Freight & Shipping Company?
The difference between 3rd and 4th party logistics
What is consulting?
Producing a product at a lesser cost than your competition
What is Comparative Cost Advantage?
The flow of the distribution channel
PRODUCER
WHOLESALER
RETAILER
CONSUMER
A list of all different modes of transport
1. Air 5. Marine/Sea
2. Rail 6. Pipelines
3. Road
4. Marine
The relationship between the 3rd and 4th part logistics
Computer tool used to process all documents for clearance of goods
What is Portnet?
All activities included in Supply Chain Operations
1. Transformation of natural resources
2.Movement and storage of raw materials
3. Processing of raw materials into finished goods
4. Storage of work-in-progress and finished goods
5. Delivering the finished product from origin to final destination
The difference between Multimodal and Intermodal Transport
Multimodal utilizes a single carrier to transport goods while Intermodal transport uses several
The benefits of Outsourcing
1. Saves on time and cost
2. Use of Experts
3. Freedom to focus on your core busniess