Ch.1: Role and Importance of Transportation

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Last updated 7:05 PM on 9/8/26
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8 Terms

1
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Globalization

  • Integration and reduction of traditional barriers lead to increased global flows of products

  • Global interdependance

  • Benefits: Lower prices, bigger availability. employments and land/resource development

  • Challenges: Complex, shorter product lifecycle, competition, new business models


2
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Role of Transport

  • Develop SCM integration

  • considered the “glue”


3
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External Factors of Transport

  • Globalization

  • Technology

  • Consolidation

  • Govt policy and regulation


4
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Measurement Units

  • Ton miles

  • Passenger miles

  • Have different costs of production/services


5
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Unit Aggregation

  • Transport output (freight or passenger)

  • Transport output by mode (truck, sea, etc)

  • By carrier (market share)


6
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Price Elasticity of Demand

  • Sensitivity of demand to price charges

  • Relative to price and quanitity

  • % change in quantity / % change in price

  • Inelastic: insensitive (gas, because people will still buy)

  • Elastic: Sensitive


7
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Service Components of Freight Demand

  • Reliability: Consistency to avoid stockouts

  • Accessibility: Impact transport cost/time

  • Capability: “Special” service requirements

  • Security: safety stock / stockout costs


8
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Supply Chain Concept, Development

  • 1960s: physical distribution concept

  • 1980s: business logistics or integrated logistics

  • 1990s: scm concept