Choose the correct option (Any 8): 1. Logistics is the decision to buy logistics services from external sources rather than operate in-house. 2. The main objective of _____ is to r... Choose the correct option (Any 8): 1. Logistics is the decision to buy logistics services from external sources rather than operate in-house. 2. The main objective of _____ is to reduce the number of times the product is handled. 3. Combining several shipments into one large shipment is termed as _____. 4. The primary goal of the _____ logistics cycle is to move products or materials backward through the distribution network. 5. _____ is not an objective of performance measurement. 6. Basic requirements of Logistics parks are Land and area, _____ and Human resource availability. 7. _____ type of material handling equipment does not require an operator. 8. Transportation creates _____ utility. 9. Lack of communication between members of the supply chain leads to _____ effect. Read more

Understand the Problem

The question is asking to select the correct options from multiple-choice questions related to logistics and supply chain management, covering various aspects such as definitions, objectives, and key concepts in the field.

More Information

Outsourcing logistics allows companies to focus on core activities by purchasing external logistics services. Warehousing aims to reduce handling times. Consolidation combines shipments for efficiency, while reverse logistics manage returns. Performance measurement should set clear objectives but not micromanage (direct).

Tips

Common mistakes include confusing terms like consolidation with aggregation and reverse logistics with recycling.

Sources

• Logistics and Warehousing Management - IIMM - iimm.org
• 3PL (Third-Party Logistics) Pros, Cons, Use Cases - Cleo - cleo.com