Questions could come from (in order of importance):

•    Lecture slides and recorded lectures (if any)

•    Matching quizzes (see Terms and Definitions 1 & 2)

•    Posted CEA reports (see the Readings page under Important Links)

•   Assigned readings (see the Readings page under Important Links)

•   Textbook chapters 1, 2, 3, 5, 6, and 12

Concepts to know:

•   What is logistics? What is a supply chain? What is supply chain management? Why are supply chains complex?

•    Understand the five major external forces pressuring supply chains.

•    Be able to recognize supply chain flows (product, information, financial).

•    Understand the significance of ports.

•    Understand the factors behind global trade and the challenges associated with it.

•    Know the difference between absolute advantage and comparative advantage.

•    Know the countries belonging to the USMCA, KORUS, and CTPA.

•    Understand the roles of logistics managers.

•   What is omnichannel retailing?

•    Make-to-Stock vs Make-to-Order

•   The difference between assemble-to-order, build-to-order, and engineer-to-order

•   What is a 2PL? What is a 3PL? What is a 4PL? What are some examples of each?

•   What are the strengths and weaknesses of 3PLs? What logistics activities are frequently outsourced to 3PLs?

•   The range of relationship types (transactional, collaborative, strategic) and examples of each.