Page 172 - DMGT546_INTERNATIONAL_TRADE_PROCEDURE_AND_DOCUMENTATION
P. 172

Unit 7: Logistics and Characteristics of Modes of Transportation




          7.8 Keywords                                                                          Notes

          Forecasting and Procurement: Forecasting and Procurement functions are critically important
          to injection safety commodity availability. This requires that financial resources, technical skills,
          and management systems are in place.
          Inventory Control: Inventory management is the process of receiving, storing, issuing, ordering
          and distribution of injection safety commodities to various sites.
          Product Selection: This is dependent on what customers are using or what service providers are
          prescribing. The products here are single use syringes and needles, safety boxes and needle
          removers.
          Serving Customers: This is the priority of the cycle. Customers are the clients/patients who
          determine what is done within the cycle.

          7.9 Review Questions

          1.   What do you understand by the concept of logistics?
          2.   What do you mean by physical distribution? Discuss its importance.

          3.   What do you think are the benefits of an efficient logistics system?
          4.   Discuss the concept of marketing logistics in detail.
          5.   What are the important ‘Distribution Considerations?’ Discuss in depth.
          6.   What are the critical elements of the logistics system?

          Answers: Self Assessment

          1.   Inbound

          2.   Transportation’s
          3.   inventory
          4.   Service
          5.   Customer Service

          6.   Logistics Management
          7.   Damage
          8.   independently
          9.   Distribution

          10.  products
          11.  Utility
          12.  finished
          13.  competency

          14.  operational
          15.  Paper-based






                                           LOVELY PROFESSIONAL UNIVERSITY                                   167
   167   168   169   170   171   172   173   174   175   176   177