Global Supply Chain Logistics Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Even a small reduction in material costs can have a substantial impact on profitability</p> Signup and view all the answers

    What is the potential for reducing costs through more efficient logistics?

    <p>Enormous</p> Signup and view all the answers

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