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Exam 7: Logistics

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Question 21

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Reconfiguring batches of products into smaller quantities or local delivery is known as:

A) Break-bulk
B) Just-in-time
C) Cross-docking
D) Inventory management
E) All of the above

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Question 22

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Three types of logistics functions include military, business, and global.

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Question 23

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Significant investment in assets and infrastructure is a requirement of logistics.

Transportation modes with high fixed costs include:

Logistics provides supply chain management with time, place, and packaging utility.

Ensuring that logistics delivers products at the right quantities to customers relates to:

__________ is responsible for all activities related to delivering products at the right place and right time.

Logistics is the function responsible for getting products to the right place at the right time.

The most effective mode for transporting grain or gravel would likely be:

__________ logistics is the process of moving products upstream from the customer to the manufacturer or supplier:

Logistics addresses the __________ part of the supply chain:

Order fulfillment is a responsibility of logistics that involves working directly with a customer.

The inbound side of logistics works primarily with which function:

The outbound side of logistics focuses significantly on:

Firms often outsource logistics functions to third-party logistics providers (3PL) because of their expertise and ability to provide cost savings to the firm.

The logistics function significantly impacts operations in the area of :

A firm's finances are impacted significantly by the logistics function because logistics:

Managing the logistics function in a service industry requires ________ focus compared to a manufacturing industry :

The _______ demand system is based upon anticipated demand and is more predictable:

The concept of "place utility" is only focused on delivering products to the right location for the customer with little regard to cost.