10 Questions
What is the primary goal of logistics?
To optimize the flow and storage of materials and information
What percentage of the total landed cost of an international order is attributed to logistics cost?
20 to 30 percent
What is the role of technology in the design and management of logistics systems?
It is significant in the design and management of logistics systems
What is the difference between logistics and supply chain management (SCM)?
Logistics focuses only on transportation, while SCM includes all activities associated with goods flow and transformation
What is the impact of global logistics on firms?
It allows firms to use international logistics as a competitive tool
In the context of supply chain management, what is the ultimate goal of logistics?
To integrate all aspects of the company to maintain cost-effective flow of goods
What is the main difference between material management and physical distribution in the logistics evolution to supply chain management?
Material management focuses on timely movement of raw materials, while physical distribution focuses on movement of finished products
What does international logistics involve?
Planning, implementing, and controlling flows and storage of goods between different countries
What does the term 'logistics evolution to supply chain management' refer to?
The integration of material management and physical distribution
What is inbound logistics in the context of supply chain management?
The movement of materials received from suppliers
Learn about the fundamentals of international logistics, including its goals, regional assessment, the role of transportation, history, and the impact of global logistics. Understand how international logistics plays a crucial role in the competitive strategies of firms and the impact of technology advances.
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