Components of Logistics - Procurement/Inventory/Transport

Components of Logistics

Procurement/Inventory/Transport

Multiple Choice

Procurement refers to the raw materials, component parts, and supplies bought from outside organizations to support a company’s operations

• True

• False

Multiple Choice

When can the procurements be considered officially closed?

• When the contract is completed or terminated

• When the buyer has verified the product

• When the buyer and the seller have negotiated a settlement

• While the work is being completed

Multiple Choice

What is the other name for inventory?

• Stock keeping unit

• Stock on hand

• Stock in place

• Stock to buy

Multiple Choice

Choose the correct answer: Packing goods in small, separable units.....

• Order picking

• Transshipment

• Break-bulk

• Cross-docking

Multiple Choice

Raw materials are

• materials that have been changed from their original form.

• materials that are found naturally in the environment and nature.

• materials that have been made by man.

Multiple Choice

What is transportation?

• Moving people or things from one place to another place.

• Sleeping in the bed.

• Watching the television in the sofa. .

• Talking to your friend about class.