logistic

How do you define “must-have products” from the article?

• unnecessary product

• products that everybody wants

• Items that are nice to have but not essential for daily life.

• merchandise that is often purchased impulsively without much consideration.

Which word has the same meaning as "in short supply"?

• Scarce

• Running out

• Ration

• Withhold

Choose the appropriate preposition for this sentence:

Make sure suppliers have the capacity to handle increased demand as part ..... normal service.

• on

• with

• of

• on

Which of the following is synonymous with "alienate"?

• Attract

• Befriend

• Estrange

• Include

Which of the following best describes the benefits of flexible contracts with suppliers?

• Reduced negotiation efforts and streamlined procurement processes.

• Increased stability in pricing and supply chain management.

• Enhanced adaptability to changing market conditions and business needs.

• Limited options for customization and tailored solutions.

Which of the following best defines "store-by-store"?

• A method of organizing inventory based on product categories.

• An approach to managing staffing levels based on foot traffic at each store location.

• A strategy for pricing items differently across various retail locations.

• A system of tracking sales and customer data for each individual store separately.

Which of the following best describes "multi-sourcing"?

• The practice of obtaining goods or services from multiple suppliers to reduce dependency.

• A marketing strategy that targets various demographic groups simultaneously.

• The process of outsourcing multiple business functions to different companies.

• A technique used in project management to allocate resources across multiple tasks.

what are the risks for companies associated with product shortages?

• Decreased demand and lower revenue.

• Enhanced customer satisfaction and loyalty.

• Increased market share and competitive advantage.

• Loss of sales, damaged reputation, and potential customer defection.

Which of the following options outlines actions a company can take to ensure its supply chain can handle variations in demand?

• Implementing fixed production schedules to maintain consistency.

• Establishing rigid contracts with suppliers to secure stable prices.

• Embracing flexible manufacturing processes and inventory management.

• Outsourcing logistics operations to third-party providers for cost reduction.

Which of the following options outlines guidelines for minimizing risks caused by temporary surges in demand?

• Increasing production capacity to meet sudden spikes in demand.

• Implementing strict inventory controls to limit stock levels.

• Diversifying product offerings to spread demand across different items.

• Developing partnerships with reliable suppliers to ensure timely deliveries.