Logistics Management PDF

Chapter 1 1. is an important activity making extensive use of the human and material resources that affect a national economy. Answer: Logistics 2. logistics is concerned with ______ and ______ flows from raw material through to the final distribution of the finished product. A...

Chapter 1 1. is an important activity making extensive use of the human and material resources that affect a national economy. Answer: Logistics 2. logistics is concerned with ______ and ______ flows from raw material through to the final distribution of the finished product. Answer: physical, information 3. In the 1960s and 1970s the concept of physical distribution was developed with the gradual realization that the _______ was indeed a valid area for managerial involvement. Answer: ‘dark continent’ 4. Distribution and logistics cannot affect the country’s economy and system. Answer: False 5. What are the elements of logistics? Answers: -Storage,warehousing, and materials handling -Transport -inventory -information and control -packaging and unitization Chapter 2 1. There are 4 Types of logistics management, Give 1 Inventory Management Production Distribution Returns 2. Is the process of returning products or materials to their original point of manufacture or distribution for the purpose of disposal, repair, or refurbishment Return logistics 3. Logistics planning is not an immediate solution it’s a long-term approach True 4. With SCM, companies can add excess costs and cannot deliver products to the consumer faster and more efficiently. False 5. A supply chain manager is tasked with controlling and reducing costs and avoiding supply shortages. True Topic 1