Logistics and Supply Chain Quiz

What is logistics?

• The process of storage

• Only transportation of goods

• The coordination of complex processes in order to deploy resources

• The process of marketing products

What does the supply chain represent?

• The way a business gets its resources to itself and consumers

• The marketing strategy of a business for boosting sales

• The financial operations of a business

• The human resources management

What is the role of warehousing in logistics?

• To store goods temporarily

• To sell goods directly to consumers

• To manufacture products

• To transport goods

What are the risks involved in the distribution chain?

• Loss of power and theft

• Loss of life

• a boosting in marketing

• No risks involved

What is the importance of information flow in logistics?

• To ensure timely delivery and communication

• To reduce costs

• To increase sales

• To manage human resources

What is the process of transforming natural resources?

• Processing raw materials into finished goods

• Storing raw materials

• Transporting raw materials

• Selling raw materials

What is the process of organising the delivery of goods on time called?

• Logistics

• Supply Chain

• Operations

• Management

What does supply chain operations refer to?

• Management of flow of goods

• Delivery of goods

• Storage of goods

• Production of goods

What are the key components of logistics?

• Procurement

• Production

• Distribution

• All of the above

What is the approach called that minimises the amount of goods stored?

• Just-in-time

• Lean manufacturing

• Supply chain management

• Inventory control