Understanding the Logistics Environment

What is the primary goal of supply chain management?

• To increase the number of suppliers

• To optimize the flow of goods, information, and finances

• To reduce the number of employees

• To increase the number of warehouses

Which of the following is a mode of transportation commonly used in logistics?

• Teleportation

• Rail

• Submarine

• Drone

What is the Just-In-Time (JIT) inventory control technique primarily designed to do?

• Increase inventory levels

• Reduce inventory holding costs

• Increase production time

• Decrease product quality

Which of the following is a basic function of warehouse operations?

• Product design

• Order picking

• Marketing strategy

• Financial auditing

What is the role of RFID technology in logistics?

• To enhance product design

• To track and manage inventory

• To increase employee salaries

• To develop marketing campaigns

Which of the following is a challenge commonly faced in global logistics?

• Consistent local regulations

• Uniform currency exchange rates

• Diverse customs regulations

• Stable political environments

What is the primary purpose of a Bill of Lading in transportation?

• To serve as a receipt for shipped goods

• To calculate taxes

• To design packaging

• To manage employee schedules

Which inventory control technique involves categorizing inventory into three groups based on importance?

• FIFO

• LIFO

• ABC analysis

• JIT

What is a common benefit of using automated systems in warehouse operations?

• Increased manual labor

• Reduced accuracy

• Enhanced efficiency

• Higher error rates

Which of the following is a key factor in selecting a transportation mode for logistics?

• Color of the vehicle

• Speed of delivery

• Number of employees

• Brand of the vehicle