Chapter 1: Overview of Logistics & Supply Chain

What is the main advantage of effective logistics management?

• Reducing supplier diversity

• Increasing costs of warehousing

• Enhancing customer satisfaction through reliable delivery and reduced lead times

• Focusing solely on domestic market operations

Which concept is closely tied to sustainability in logistics?

• Just-in-time delivery

• Green logistics

• Multimodal transportation

• Supply chain visibility

What is the focus of third-party logistics (3PL) providers?

• Manufacturing goods for companies

• Offering services like transportation, warehousing, and distribution on behalf of another company

• Supplying raw materials directly to manufacturers

• Designing supply chain strategies

Which type of logistics deals with the storage and distribution of finished goods?

• Reverse logistics

• Inbound logistics

• Outbound logistics

• Multimodal logistics

In the supply chain, which activity is NOT typically part of logistics?

• Inventory management

• Warehousing

• Marketing strategy development

• Transportation

Which of the following best describes logistics as a function within supply chain management?

• It encompasses financial management and supplier negotiations

• It is focused on the movement, storage, and flow of goods, services, and information

• It manages relationships between internal stakeholders only

• It is unrelated to customer satisfaction

What is a critical component of outbound logistics?

• Manufacturing production schedules

• Delivering finished goods to customers

• Sourcing raw materials from suppliers

• Reducing storage costs in warehouses

What does the term "supply chain" primarily refer to?

• The logistics of transporting goods within a warehouse

• A network of activities and organizations involved in producing and delivering a product or service

• A method for optimizing inventory levels

• The process of tracking supplier payments

What differentiates logistics from supply chain management?

• Logistics focuses on procurement, while supply chain management focuses on transportation.

• Logistics deals with the movement and storage of goods, while supply chain management encompasses the end-to-end flow of goods, services, and information.

• Logistics is strategic, and supply chain management is operational.

• Logistics includes planning, and supply chain management excludes planning.

What is the primary purpose of "order fulfillment" in logistics?

• To improve supplier performance

• To ensure customer orders are accurately picked, packed, and delivered on time

• To optimize inventory levels across the supply chain

• To establish long-term supplier relationships