Logistics Management Quiz Review

is essentially a planning orientation and framework that seeks

to create a single plan for the flow of products and information through a business.

is essentially a planning orientation and framework that seeks

to create a single plan for the flow of products and information through a business.

a dynamic worldwide network that involves purchasing of goods or services from overseas. It includes people, information, processes, and resources involved in the production, handling, and distribution of materials and finished products or providing a service to the customer.

as defined by the Council of Supply Chain Management Professionals (CSCMP), “encompasses the planning and management of all activities involved in sourcing, procurement, conversion, and logistics management. It also includes the crucial components of coordination and collaboration with channel partners such as suppliers, intermediaries, third-party service providers, and customers.”

is an essential part of supply chain management, with functions focusing on planning, controlling, storing, and transporting of goods and services from the point of origin to the end consumers.

This involves the acquisition of goods or services from an outside external source.

• Procurement

• Demand forecasting

• Customer service

• Order management

This involves estimating the quantity of a product or service that customers will purchase.

• Procurement

• Demand forecasting

• Customer service

• Order management

This involves maintaining long-term and good relationship with clients.

• Procurement

• Demand forecasting

• Customer service

• Order management

This involves tasks associated with fulfilling an order for goods or services placed by a customer.

• Procurement

• Demand forecasting

• Customer service

• Order management

·         This involves planning and managing finished goods and raw materials.

• Inventory

• Transportation

• Warehousing

• Materials handling and packaging