Log out Go to App
Go to App

Learning Materials

Features

Discover

Chapter 3: Q6OQ (page 417)

What is the term used for a company moving management of the complete cycle of material flow to an outside provider?

Short Answer

Expert verified

Logistics outsourcing.

Step by step solution

01

Logistics outsourcing

Logistics outsourcingis the process in which a company appoints some outside service providers to handle different types of supply chain operations. Logistics outsourcing consists of packing, storing, shipping, and delivering products of a company as well as several raw materials. 3Pls are used by companies which are of 4 types.

02

Business modules of 3 PL

a) Dedicated Contract Carriage

  • Shipper supplying done with drivers, tractors as well as management of the fleet.
  • The contract tenure is held from 1 to 7 years.
  • Normally include trailers inside it.

b) Domestic Transportation Management (DTM)

  • Provide value-added transportation which is non-asset-based
  • Services are based on a contract basis.
  • Services were taken in conjunction with paying brokerage on freight.

c) International Transportation Management (ITM)

  • Services are based on a contract basis.
  • Freight forwarding is done following services performed in conjunction.

d) Value-added warehousing and distribution

  • Provide distribution center operations in long-term warehousing contracts.
  • For value-added services hosts are are included.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Start your free trial

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

With so much productive capacity and room for expansion in the United States, why would a company based in the United States choose to purchase items from a foreign firm? Discuss the pros and cons.

The Toyota Production System is founded on these two philosophies.

Why is it desirable to increase a company’s inventory turnover ratio?

Question: A company currently using an inspection process in its material receiving department is trying to install an overall cost reduction program. One possible reduction is the elimination of one inspection position. This position tests material that has a defective content on an average of 0.04. By inspecting all items, the inspector can remove all defects. The inspector can inspect 50 units per hour. The hourly rate including fringe benefits for this position is \(9. If the inspection position is eliminated, defects will go into product assembly and will have to be replaced later at a cost of \)10 each when they are detected in final product testing.

  1. Should this inspection position be eliminated?

One product that Staples sells a lot of is copy paper. According to Lee’s Uncertainty Framework, what supply chain strategy is appropriate for this product?
See all solutions

Recommended explanations on Business Studies Textbooks

Operational Management

Read Explanation

Strategic Analysis

Read Explanation

Organizational Behavior

Read Explanation

Financial Performance

Read Explanation

Strategic Direction

Read Explanation

Change Management

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free