Supply Chain & Logistics

What does logistics involve?

• Transportation

• Manufacturing

• Storage

• Acquisition

What is the main goal of production logistics?

• the flow of financial products, technology, information, and jobs across national borders and cultures.

• increase efficiency, maximizing output while maintaining product quality.

• increase jobs, standard of living and literacy rates

• advance the welfare of society, and to act as a good global citizen through its policies

What is "steps involved in delivering products from producer to consumer"?

• Forward Logistics

• Reverse logistics

all activities involved in moving raw materials and finished products into an organization, and moving finished goods out of the organization toward the end consumer.

What is vertical integration?

• outsourcing to another company

• Method of expanding a company by acquiring competitors

• company owns a significant portions of it, from acquisition of raw materials to retailing

• overseeing of information, materials, and finances as the product moves through its supply chain

True or False

Horizontal integration is Method of expanding a company by acquiring competitors

• True

• False

What is supplier management also referred to as?

• ownership

• insourcing

• procurement

• sourcing

Which information management channel is discrete and not integrated?

• omnichannel

• multichannel

The process of making the supply chain more efficient

Why do containers have grooves and hooks?

• to save money and speed up process of shipping

• accommodate specialized unloading and loading devices

• easy to transport between countries

• Designed to fit on top of each other