Exercise 4. Tell what sentences are true and what are false
1. Supply chain guarantees the movement of products in the direction of a customer. 2. Inventory management presupposes cooperation with customers. 3. The objective of manufacturer's commitment is a finished good. 4. The two main aspects of inventory policy are stock commitments and average inventory. 5. Market classification allows to simplify inventory management.
Exercise 5. Find the second half of the sentence.
1. Inventory decisions suggest how to use goods and…
2. Transportation process is an integral part of…
3. Transportation is considered as …
4. Carriers pricing strategies involve cost-of-service strategy, value-of-service strategy, …
5. A method for transporting goods is called…
Exercise 6. Translate these questions and answer them
1. How can you define the terms "inventory" and "inventory management"? 2. What are the key indicators of inventory policy? 3. Can you provide the description of customer-based inventory management strategy? 4. Can you define the notions "transportation" and "transportation management"? 5. What are two major kinds of services provided by transportation enterprises? 6. How are costs classified? What are the strategies of pricing carriers? 7. What are the documents necessary to support transportation service?
Exercise 7. Try to tell the gist of the text.
Word study
Exercise 8. Translate the following word-combinations.
Inventory management, logistical strategy, to achieve service goals, logistical environment, protection and pushing, fixed costs, supply chain, inventory policy, shipment manifest, capacity planning, bill of lading, a kind of document, a set of instructions, the sufficient value of goods, transport participants.
Exercise 9.Translate these sentences into Ukrainian paying attention to the active vocabulary of the text.
1. Transportation process is an integral part of logistical system. 2. A carrier and a freight forwarder are intermediaries in transportation process. 3. Freight transportation structure reflects all the actions taken to transport goods. 4. Transportation management refers to the process of delivering inventories at a given time and place preserving maximum quality of a product and minimum transportation costs. 5. Means of transport may be used as a warehouse. 6. Fixed costs are the costs that stay the same during a certain period of time.7. Transportation management means the process of planning, organizing, directing and controlling of goods transition. 8. We have already signed the freight bill. 9. On the way to destination the lorry got stuck in the traffic jam. 10. The Internet is the supply chain information transmission tool.
Exercise 10.Translate the following sentences into English.
1. Перевезення вантажів – складова частина логістичної системи. 2. Структура перевезень вантажу відображає всі дії, які виконуються при транспортуванні товарів.3. Витрати на перевезення товарів є доволі високими. 4. Рахунок на перевезення вантажу буде підписаний завтра. 5. Вантаж вже доставлений до місця призначення.
Exercise 11. Match each word-combination in section A with its definition in section B.
A. product density; carrier freight capacity; logistical environment; transportation management; supply chain.
B. the value of loads a shipper is able to transport; the concentration of one and the same kind of goods in the same region; the process the process of planning, organizing, directing and controlling of goods transition; refers to surroundings for production of goods, their protection and pushing them into the market; the channel through which products are delivered to the customer.
Exercise 12. Fill in the blanks with the suitable words and word-combinations.