FIL - Chapter 4.1

Technological incompatibility is one of the challenges of using LSP in Cost and Finance Concerns.

• True

• False

There are three waves of entrants in the 3PL sector, the "traditional third-party logistics providers", the "_ _" and the "system-based players".

Select the correct statements below.

• The first category emerged during the 1980s providing the basic services of transportation and warehousing (e.g., Exel in UK, Frans Maas in the Netherlands).

• The second wave came from the areas of information technology (IT), management consultancy and financial services in close cooperation with representatives of the first two categories.

• The third category appeared in the early 1990s, with the evolution of parcel and express services, based on global air express networks (e.g. DHL, TNT, UPS).

• The first category emerged during the 1960s providing the basic services of transportation and warehousing (e.g., Exel in UK, Frans Maas in the Netherlands).

The following are the functions of LSP except...

• Warehousing

• Transportation

• Customs Clearance

• Marketing

_ providers offer a more strategic level of service, acting as consultants and architects of your supply chain.

Choose the correct statement for Lead Logistics Providers (LLPs)

• Think of them as temporary project managers for your logistics needs.

• Often used for large-scale events, trade shows, or product launches requiring precise coordination and execution.

• Take the lead in managing the logistics for a specific project or event.

• All of the above

Choose the correct statement for 3PL providers

• The most common type of LSP, offering a wide range of services like transportation, warehousing, order fulfillment, and customs clearance.

• Think of them as one-stop shops for all your logistics needs.

• Offer a more strategic level of service, acting as consultants and architects of your supply chain.

• Take the lead in managing the logistics for a specific project or event.

_ LSPs specialize in specific industries or types of goods, offering tailored solutions and expertise.

Select the best statement to describe "Analyze your needs" in selecting LSP.

• Get competitive quotes from different LSPs. Compare costs based on your specific needs and volume.

• Technology and infrastructure: Do they have the technology and infrastructure to meet your needs and provide real-time visibility?

• Experience and expertise: Do they have experience with your industry and the specific types of goods you handle?

• Scope of services: What logistics functions do you need help with? Transportation, warehousing, order fulfillment, or a combination?

Operational and Integration Challenges is on of the challenges of using LSP.

• True

• False