Chapter 5: Elements of Logistics

Front

Popular logistics terms EXCEPT: Logistics Management, Business Logistics Management, Materials Management, Independent Logistics

Back

Independent Logistics

Front

Business Logistics is the design and integration of all aspects of support for the operational capacity of military forces and their equipment to ensure readiness, reliability and efficiency.

Back

False

Front

Service Logistics is the acquisition, scheduling, and management of the facilities/assets, personnel, and materials to support and sustain a service operation or business.

Back

True

Front

What are the 7 Rs in Logistics? They are: Right product, Right quantity, Right ______ , Right place, Right time, Right customer, and Right cost.

Back

MATERIAL

Front

The logistics concept that emphasizes teamwork, both inside the company and among all the marketing channel organizations, to maximize the performance of the entire distribution system is known as ..

Back

Integrated Logistics Management

Front

Back

Front

Which of the following is NOT part of elements of logistics? Transportation, Inventory Management, Material Handling, Central Processing Unit

Back

Central Processing Unit

Front

Good inventories management can improve and .

Back

cash flow and ROI

Front

Which of the following is NOT a purpose of inventory?

• achieve economies of scale
• balance supply and demand
• specialization in manufacturing
• increase uncertainty in demand for goods

Back

increase uncertainty in demand for goods

Front

Which one of the following is NOT among the principal types of economic utility that add value to a product or service? Options: Form, Place, Time, Tangibility

Back

Tangibility