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Questions and Answers
What does managing a Global Supply Chain Logistics involve?
What does managing a Global Supply Chain Logistics involve?
- Managing only the distribution system
- Managing customer needs
- Getting materials from suppliers to a manufacturing facility and out through a distribution system to the end user (correct)
- Managing only the manufacturing process
What are the twin objectives of logistics in the global supply chain?
What are the twin objectives of logistics in the global supply chain?
- Manage the global supply chain at the lowest possible cost and in a way that best serves customer needs (correct)
- Maximize profits and minimize customer service
- Maximize material costs and minimize revenues
- Minimize supply chain management and focus on material costs
What percentage of revenues do material costs typically account for in a manufacturing enterprise?
What percentage of revenues do material costs typically account for in a manufacturing enterprise?
- Less than 20 percent
- More than 90 percent
- Between 80 and 90 percent
- Between 50 and 70 percent (correct)
How can reducing costs through more efficient logistics impact profitability?
How can reducing costs through more efficient logistics impact profitability?
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What is the potential for reducing costs through more efficient logistics?
What is the potential for reducing costs through more efficient logistics?
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