Logistics Terms and Definitions

What is the network of supply chain participants engaged in storage, handling, transfer, transportation, and communications functions that contribute to the efficient flow of goods?

• Logistics network

• Transportation system

• Distribution network

• Supply chain management

What are the factors associated with the acquisition, storage, movement, and disposition of goods?

• Product design

• Customer service

• Supply chain management, inventory control, logistics, transportation, warehousing, demand forecasting, supplier relationships, regulatory compliance, technology integration.

• Market analysis

What is the process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods including services, and related information from the point of origin to the point of consumption?

• Freight forwarding

• Logistics management

• Inventory management

• Supply chain optimization

What is the process related to the movement and storage of products from the end of the production line to the end user?

• Inventory Management

• Product Distribution

• Supply Chain Analysis

• Logistics

What is a computerized system to electronically transmit logistics information?

• Warehouse Management System (WMS)

• Transportation Management System (TMS)

• Supply Chain Management System (SCMS)

• Inventory Control System (ICS)

What is the movement of materials from suppliers and vendors into production?

• Inbound logistics

• Outbound logistics

• Supply chain management

• Inventory control

What term describes the costs associated with logistics operations?

• logistics costs

• supply chain expenses

• transportation fees

• warehouse charges

What is the term for the flow of information and materials in the supply chain?

• Inventory Control

• Supply Chain Management

• Demand Forecasting

• Logistics Coordination

What is the role of logistics in meeting customer requirements?

• Logistics ensures timely delivery and efficient movement of goods to meet customer needs.

• Logistics eliminates the need for inventory management.

• Logistics is responsible for product design and development.

• Logistics focuses solely on marketing strategies.

What is the importance of logistics data interchange (LDI) in supply chain management?

• LDI is primarily focused on customer service improvements.

• LDI reduces the need for technology in supply chains.

• LDI is crucial for improving communication, accuracy, and efficiency in supply chain management.

• LDI is only relevant for financial transactions.