LOGISTICS AND SUPPLY CHAIN

The major decision areas in supply chain management are

• a) planning, production ,distribution, inventory

• b) Location, production, scheduling ,inventory

• c) location ,production ,inventory

• d) location ,production, distribution, marketing

The purpose of supply chain management is…………….

• a) provide customer satisfaction

• b) improve quality of a product

• c) Integrating supply and demand management

• d) increase production

Logistics is the part of supply chain involved with the forward and reverse flow of

• a) goods

• b) services

• c) cash

• d) all of the above

3PL stands for

• a) three points logistics

• b) third party logistics

• c) three points location

• d) none of the above

Reverse logistics is required because

• a) goods are defective

• b) goods are unsold

• c) the customer simply change their minds

• d) all of the above

Which can be defined by having the right item in the right quantity at the right time at the right place for the right price and is the science of process and incorporates all industry sectors

• a) Logistics

• b) SCM

• c) Transportation

• d) Shipment

Which is not a part of the 3Cs of logistics

• a) Cost

• b) Competitor

• c) Company

• d) Customer

The 'middleman' between the manufacturer and retailer

• a) consumers

• b) company

• c) wholesalers

• d) suppliers

The basic substances used to make something

• a) factory

• b) distribution

• c) stock

• d) raw materials

People who sell products to the public

• a) retailers

• b) inventory

• c) components

• d) warehouses