Logistics Management Quiz No. 1

The process of planning, implementing and controlling the efficient, cost effective flow and storage of raw materials, in-process inventory, finished goods and related information from point of origin to point of consumption for the purpose of conforming to customers’ requirements.

• Inventory Management

• Supply Chain Management

• Logistics Management

• Transportation Management

The scope and influence of logistics has evolved in the late:

• 1910's

• 1920's

• 1930's

• 1940's

This means the company has the ability to differentiate itself, in the customer’s eyes, and also is operating at a lower cost and greater profit.

• Competitive Advantage

• Marketing

• Advertisement

• Word of Mouth Communication

Knowing the fact that an enterprise incurring fixed cost in delivery, full truckload is advised to reduce unit cost of inventory. This is principle is line with what logistics management objective?

• Reduction of Inventory

• Economy of Freight

• Reliability and Consistency in Delivery Performance

• Minimum Damage to Products

Utilizing the latest technologies in processing information and communication will improve the decision making, and thus enable the enterprise to be flexible enough so that the firm can fulfill customer requirements. This activity supports what logistics management objective?

• Economy of Freight

• Minimum Damage to Products

• Quicker and Faster Response

• Reduction of Inventory

These are the operations, which are directly related to processing. These include activities like storage and movement of raw materials, components within the manufacturing premises.

• Inbound Logistics

• Outbound Logistics

• Process Logistics

• Production Logistics

ABC Enterprise, supplier of fresh potato, sells its product to XYZ Chips, producer of processed quality potato chips. This phase of logistics happens at:

• Inbound Logistics

• Process Logistics

• Outbound Logistics

• Outsourced Logistics

Mega Sardines delivers the item to its distributors, distributors to groceries, and subsequently to the final consumer. This phase of logistics happens at:

• Inbound Logistics

• In-house Logistics

• Outbound Logistics

• Process Logistics

Activity where the packed finished goods are stored before they are sold to the customers finally.

• Transportation

• Warehousing

• Packaging

• Order Processing

Among the functions of logistics, it is considered to be the most visible and evident.

• Transportation

• Warehousing

• Packaging

• Order Processing