REVIEW

The value or usefulness that comes from a customer being able to take possession of a product

• Possession Utility

• Form Utility

• Place Utility

• Time Utility

Every customer getting the same type and level of logistics service refers to __________

• Tailored logistics

• Mass logistics

• Effectiveness

• Efficiency

The ___________ approach indicates that a company’s objectives can be realized by recognizing the mutual interdependence of major functional areas.

•  Systems

•  Supply chain

• Physical distribution

• Materials management

Logistics managers use the ___________ approach to coordinate materials management and physical distribution in a cost-efficient manner.

• Total cost

•  Supply chain

• Balanced

• Intrafunctional logistics

__________ refers to being out of an item at the same time there is demand for it

• Postponement

• Tailored logistics

• Stockout

• Supplier indifference

What is the topic that our class will learn about today?

• To Invest Or Not To Invest? That Is The Question

• Fresh Produce Cross-Docking Facility

• Kiddieland And The Super Gym

• The Adelaide Dairy Company