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?

• Supply chain management

• Logistics network

• Distribution network

• Transportation system

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

• Quality control measures

• Product design specifications

• Supply chain management, inventory control, logistics, transportation, warehousing, demand forecasting, regulatory compliance.

• Sales and marketing strategies

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?

• Supply chain optimization

• Inventory management

• Freight forwarding

• Logistics management

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

• Product Distribution

• Logistics

• Inventory Management

• Supply Chain Analysis

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

• Outbound logistics

• Inbound logistics

• Supply chain management

• Inventory control

What term describes the costs associated with logistics operations?

• supply chain expenses

• transportation fees

• inventory costs

• logistics costs

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

• Supply chain management

• Inventory control

• Demand forecasting

• Logistics optimization

What is the role of logistics in meeting customer requirements?

• Logistics eliminates the need for customer feedback.

• Logistics is responsible for product design and development.

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

• Logistics focuses solely on inventory management.

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

• LDI is only important for financial transactions.

• LDI has no impact on supply chain performance.

• LDI is primarily used for marketing purposes.

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

What is the primary goal of supply chain management?

• To minimize costs

• To maximize customer satisfaction

• To streamline production processes

• To enhance product quality