Ch 1 Overview of Logistics

Is the value or usefulness of a product in fulfilling customer needs or wants.

• Form utility

• Logistics

• Economic utility

• Logistics management

Refers to having products available when they are needed by customer.

• Form utility

• Time utility

• Posession utility

• Place utility

The goals and objectives of the major functional areas should be compatible with the company’s goals and objectives.

• Systems approach

• Total cost approach

• Logistical relationships

• Systems processes

It has the premise that all relevant activities in moving and storing products should be considered as a whole.

• Logistics

• Total cost approach

• Logistical relationships

• Systems approach

Logistical relationships have a focus with the area of

• Finance

• Production

• Marketing

• All the previous answers

The delay of value-added activities such as assembly, production, and packaging until the latest possible time

• Delayer

• After-time concept

• Not-on-time concept

• Postponement concept

A set of institutions necessary to transfer the title to goods and to move goods from the point of production to the point of consumption

• Marketing channels

• Marketing areas

• Marketing companies

• Marketing strategies

Customer service, demand forecasting, inventory management, are examples of...

• Skills of logistical channel

• Processes of logistics

• Activities in logistical channel

He should know logistics activities and corporate functions

• Logistician specialist

• Logistician generalist

He should know logistics activities and technical knowledge

• Logistician specialist

• Logistician generalist