2.1 Learning Outcomes: Identify and explain logistics definitions and concepts

Posted: December 29th, 2022

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2.1 Learning Outcomes:
Identify and explain logistics definitions and concepts that are relevant to managing the supply chain.
Identify how organizations can use supply chains to compete in terms of time, cost, quality, and sustainability.
Explain how supply chains are structured.
2.2 Action Required:
Watch the short video at the following link

2.3 Test your Knowledge (Question):
What is inbound logistics and outbound logistics?
2.4 Instructions
Answer the question in the test your knowledge section.
Post your answer on the discussion board using the discussion link below
3.1 Learning Outcomes:
Develop a marketing perspective on logistics and explain the need for close coordination between the two functions.
Explain customer segmentation and its importance to logistics.
Demonstrate how the segmentation practice can be re-engineered to set logistics priorities.

3.2 Action Required:
Watch the short video at the following link

3.3 Test your Knowledge (Question):

How many ways logistics companies divide the market?

3.4 Instructions
Answer the question in the test your knowledge section.
Post your answer on the discussion board using the discussion link below
4.1 Learning Outcomes:
Explain the concept of value and its implications for managing the supply chain.
Explain how logistic costs can be managed for better value creation.
4.2 Action Required:
The following table shows various costs incurred by a manufacturing company:
Cost Variable cost Fixed cost
Depreciation
Cost of shipping finished goods to customers
Wood used in manufacturing furniture
Manager’s salary
Electricity used in manufacturing furniture
Packing supplies for shipping products
Sand used in manufacturing concrete
Supervisor’s salary
Advertising costs
Executive’s life insurance
4.3 Test your Knowledge (Question):
Answer with a tick mark or write in words which is a fixed cost, and which one is a variable cost.
4.4 Instructions
Answer the question in the test your knowledge section.
Post your answer on the discussion board using the discussion link below

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