Introduction to International Logistics

What is logistics?

• The system of creating plans for an organization.

• The study of Logarithms within Calculus.

• Managing the flow of goods from it origin to the point of consumption.

• The implementation of policies and procedures.

International logistics is about...

• the entire process of controlling the movement of goods as they travel from one country to another.

• the act of focusing a product on the needs of potential buyers in other countries.

• the management of business operations for a company internationally.

• the process of acquiring, allocating, and utilizing human resources in a global business to achieve the stated objectives.

Which of the following NOT objectives of logistics?

• To improve lead-time

• To reduce cost of transporting supplies

• To maximize the efficiency

• To get promoted

Which of the following are 7Rs of logistics?

• Getting the Right product, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price

• Getting the Right people, in the Right amount, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right discount

• Getting the Right plan, in the Right quantity, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right price

• Getting the Right product, in the Right supplier, in the Right condition, at the Right place, at the Right time, to the Right customer, at the Right cost

Which of the following major logistics activities?

• Transportation

• Warehousing

• Procument

• All of these

Which one of the following cannot be said as the elements of logistic support?

• Transportation and handling

• System analysis

• Facilities

• Personnel and training

Which of the following statements is true?

• Logistics is a subset of supply chain.

• Logistics and supply chain are same.

• Logistics is cross border transaction.

• Logistics always cheaper.

Future challenges in logistics as below EXCEPT...

• Just-in-time logistics

• Usage of technology to assist logistics

• Identification of logistics as competitive strength

• To hire new staff

What refers to storage and movement of finished goods inventories?

• Early distribution

• Physical distribution

• Consumer distribution

• Personnel and training

What is the inventory between the Purchasing and Production?

• Finished goods inventory

• Raw materials inventory

• Work In Progress inventory

• Semi-finished goods inventory