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Chapter 2 SCM : Logistics Management

Authored by Mohd BG

Business

University

Used 13+ times

Chapter 2 SCM : Logistics Management
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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Logistics involves the integration of traditional business functions such as order management, inventory control, transportation management, and warehousing to create a seamless process.

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Logistics solely focuses on transportation management and overlooks other business functions like order management, inventory control, and warehousing.

True

False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the primary goal of logistics management?

Maximizing total cost

Minimizing inventory control

Creating value through efficient inventory management at the lowest total cost

Eliminating warehousing

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Logistics management involves controlling the timing and positioning of __________ to achieve cost-effective results.

Customers

Inventories

Competitors

Prices

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the supply chain, when does logistics add value?

When inventory is strategically positioned to achieve sales.

Increasing lead times for production and transportation

Aligning performance cycle structure and dynamics

Ignoring customer demands

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Logistics plays a role in achieving desired time, place, and possession benefits for inventory at the highest total cost.

True

False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Inventory should be at the right location and right time to facilitate value creation and ownership transfer.

True

False

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