The importance of Logistics

According to the text, why is the way of delivering goods important in today's competitive environment?

• It helps businesses gain new customers.

• It ensures that products meet customers' requirements.

• It lowers costs for businesses.

• It improves the efficiency of businesses' operations.

How has logistics evolved over the centuries?

• It has become an integral part of every business.

• It has always involved the movement of raw materials and finished products.

• It has only been performed on a small scale.

• It has become more complex since the early 1990s.

What are the major benefits of efficient logistics operations, according to the text?

(Multiple answers)

• Cost savings by centralizing inventory management.

• Faster order fulfillment by relying on a global transportation network.

• Improved cash flow.

• Flexibility to change distribution patterns for new products.

Which customer groups (market segments) are served by the logistics industry?

(Multiple Answers)

• Parcel and documents express delivery services.

• Freight by air, ocean, road, or rail.

• Warehousing and distribution.

• Supply chain solutions.

What potential does the logistics industry have for improving performance?

• It has large unused capacities in logistics processes.

• It can reduce costs for businesses.

• It can improve the quality of service

• 
  It can increase the efficiency of operations.