What is the primary goal of logistics?

• To increase the speed of delivery

• To control movement and positioning at the lowest total cost

• To maximize inventory levels

• To enhance customer satisfaction at any cost

Which of the following is NOT a component of logistics as described in the image?

• Design and administration of systems

• Geographical positioning of raw materials

• Increasing the total cost

• Control of work-in-process

Which of the following is a major function of logistics?

• Marketing

• Order Processing

• Product Design

• Customer Service

What is an example of a facility integrated into a logistics network?

• Retail Store

• Warehouse

• Office Building

• School

Which function of logistics involves the movement of goods from one location to another?

• Inventory

• Transportation

• Packaging

• Order Processing

What is one of the primary goals of logistics management?

• To increase the number of suppliers

• To satisfy customer expectations while controlling total cost

• To expand the product line

• To reduce the number of employees

What must managers support in logistics management?

• Marketing strategies

• Requirements for procurement, manufacturing, and customer accommodation supply chain operations

• Employee training programs

• Financial audits

What are the two elements of a logistical value proposition?

• Quality and Speed

• Service and Cost Minimization

• Innovation and Efficiency

• Flexibility and Reliability

Why must firms make tradeoffs between service and cost?

• To increase product variety

• To meet key customer expectations

• To expand market reach

• To enhance brand image

What does the diagram titled "Tradeoff and the productivity frontier" primarily illustrate?

• The balance between service/responsiveness and cost

• The increase in productivity over time

• The decline in service quality with increased cost

• The relationship between supply and demand