Refreshing Week 1 topic materials

1. 1. What is the main difference between logistics and supply chain management?

• 1. A) Logistics is the movement and storage of items in the supply chain, while supply chain management is the coordination and management of all the activities within the supply chain.

• 1. B) Logistics is the coordination and management of all the activities within the supply chain, while supply chain management is the movement and storage of items in the supply chain.

• 1. C) Logistics is the movement and storage of items within a single entity, while supply chain management is the movement and storage of items between multiple entities.

• 1. D) Logistics is the movement and storage of items between multiple entities, while supply chain management is the movement and storage of items within a single entity.

What are the three types of logistics that are involved in the supply chain?

• 1. A) Inbound logistics, outbound logistics, reverse logistics

• 1. B) Inbound logistics, outbound logistics, lateral logistics

• 1. C) Inbound logistics, outbound logistics, forward logistics

• 1. D) Inbound logistics, outbound logistics, backward logistics

What is inbound logistics?

• 1. A) The movement and storage of products from the manufacturer to the customer

• 1. B) The movement and storage of raw materials from an external source to a manufacturer

• 1. C) The movement and storage of products from an external source to a retailer

• 1. D) The movement and storage of goods and resources after their sale and delivery to the customer

1. What is outbound logistics?

• • A) The movement and storage of products from the manufacturer to the customer

• • B) The movement and storage of raw materials from an external source to a manufacturer

• • C) The movement and storage of products from an external source to a retailer

• • D) The movement and storage of goods and resources after their sale and delivery to the customer

1. What is reverse logistics?

• • A) The movement and storage of products from the manufacturer to the customer

• • B) The movement and storage of raw materials from an external source to a manufacturer

• • C) The movement and storage of products from an external source to a retailer

• • D) The movement and storage of goods and resources after their sale and delivery to the customer

1. What is courier shipping?

• • A) The shipping of goods by air, sea or land

• • B) The shipping of goods by a third-party provider that specializes in fast delivery

• • C) The shipping of goods by a company that manages its own logistical activities

• • D) The shipping of goods by a company that outsources its logistical activities to another provider

1. What is in-house logistics?

• • A) The shipping of goods by air, sea or land

• • B) The shipping of goods by a third-party provider that specializes in fast delivery

• • C) The shipping of goods by a company that manages its own logistical activities

• • D) The shipping of goods by a company that outsources its logistical activities to another provider

1. What is the ultimate goal of supply chain management?

• • A) To find processes that ensure a smooth, efficient flow of goods that give customers an excellent experience and drive the business forward

• • B) To find processes that ensure a low-cost, high-quality production of goods that give customers a satisfactory experience and increase profits

• • C) To find processes that ensure a fast, reliable delivery of goods that give customers a convenient experience and enhance loyalty

• • D) To find processes that ensure a flexible, responsive adaptation of goods that give customers a personalized experience and create value

1. What are some examples of activities involved in supply chain management?

• • A) Packaging, shipping, warehousing, tracking, acknowledging

• • B) Ordering, receiving, storing, converting, packaging

• • C) Sourcing, manufacturing, transporting, storing, selling

• • D) Repairing, exchanging, crediting, recycling, disposing

1. What are some examples of activities involved in logistics?

• • A) Sourcing, manufacturing, transporting, storing, selling

• • B) Ordering, receiving, storing, converting, packaging

• • C) Packaging, shipping, warehousing, tracking, acknowledging

• • D) Repairing, exchanging, crediting, recycling, disposing