What is logistics in the context of supply chain management?
PC 3.1 Day 3 Logistics Warm Up

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•
Mathematics
•
11th - 12th Grade
•
Hard
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1.
FLASHCARD QUESTION
Front
Back
Logistics refers to the planning, implementation, and control of the efficient movement and storage of goods, services, and related information from the point of origin to the point of consumption.
2.
FLASHCARD QUESTION
Front
Define the term 'supply chain'.
Back
A supply chain is a network of organizations, people, activities, information, and resources involved in supplying a product or service to a consumer.
3.
FLASHCARD QUESTION
Front
What are the key components of logistics?
Back
The key components of logistics include transportation, warehousing, inventory management, order fulfillment, and supply chain management.
4.
FLASHCARD QUESTION
Front
Explain the concept of inventory management.
Back
Inventory management is the process of ordering, storing, and using a company's inventory, including raw materials, components, and finished products.
5.
FLASHCARD QUESTION
Front
What is the role of transportation in logistics?
Back
Transportation is the movement of goods from one location to another and is a critical component of logistics, affecting delivery speed, cost, and customer satisfaction.
6.
FLASHCARD QUESTION
Front
Define 'order fulfillment'.
Back
Order fulfillment is the complete process from point of sales inquiry to the delivery of a product to the customer.
7.
FLASHCARD QUESTION
Front
What is the importance of warehousing in logistics?
Back
Warehousing is important in logistics as it provides storage for goods, helps manage inventory levels, and facilitates the distribution process.
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