Warehousing
What is a warehouse?
A warehouse is a building where goods are temporarily stored or rerouted to other businesses
In your own words what is the supply chain?
The supply chain is the way in which businesses get their goods
True or False:
Distribution includes the flow of money from customers to suppliers.
True
Why is transportation important in the chain of distribution?
Transportation allows for goods to be carried to their destinations.
There are two (2) types of functions when it comes to warehousing. Name one (1) of the two (2) functions
Inbound and Outbound Functions
What are Distribution Channels?
Distribution Channels are the ways in which a business gets its finished products.
How many distribution channels are used?
There are 4 different channels that are used
What is the role of transport in marketing?
1) To Fast Track the Sourcing of Commodities
2) To Ensure Security of Supply
3) To Reduce Costs
Give an example of either inbound functions or outbound functions.
Inbound- The producer's warehouse receiving goods and materials
Outbound- The process of shipping goods to their final destination
List one (1) advantage of supply chains
Improved Quality of Life
Supports Economic Growth
Employment Opportunities
What is the distribution chain?
This is the complete channel of businesses that goods go through before they reach the consumer.
List 3 of the main factors of transportation.
Nature of Goods, How urgent the delivery is, the value of the goods, the cost of transportation, handling and warehouse costs etc
What causes a fluctuation in price?
Fluctuations in price occur when demands for goods exceed the available supply.
Describe Forward and Reverse Flow.
This is when faulty or unsuitable products are returned to the manufacturers. These goods may then be exchanged for a replacement product or a refund.
Complete this distribution channel:
Producer->Wholesaler->__________ ->Consumer
Producer-> Wholesaler->Retailer->Consumer
List 5 types of transportation
1)Rail
2)Air
3)Road
4)Fleet
5)Marine
Why is warehousing an important part of distribution?
It decreases the time gap between when goods are available and when they are needed.
Name 3 activities in supply chain operations
1) Processing of raw materials
2) Transformation of natural resources
3) Movement and Storage of natural resources
4) Storage of Work in process
5) Delivering the finished product from the point of origin to the point of destination.
List all four of the interrelated operations that a supply chain consists of.
Producers
Wholesalers
Retailers
Consumers
Define either multimodal or intermodal transport
Multimodal Transport- This refers to the transportation of goods under a single contract. An example would be goods being transported overseas via marine transportation
Intermodal Transport- This is the process of transporting goods in an intermodal container or vehicle using multiple modes of transportation