LOGISTICS MANAGEMENT CHAPTER 11 TEST LATEST UPDATED
logistics management - ANSWER management of the movement and
storage of materials at lowest cost while still meeting customer's
requirements
1. inventory management
2. order management
3. transportation management
4. warehousing
5. packaging and materials handling
6. network design - ANSWER 6 primary activities involved in
accomplishing logistics management
1. transportation and modes in logistics
2. warehouse management and facility location - ANSWER 2 main
topics covered in class in logistics
movement of stuff in supply chain (b/w entities or w/in
warehouse/fulfillment center) - ANSWER general topic of logistics (and
where it occurs)
logistics - ANSWER coordinated management of related activities
associated with the movement and storage of inventory
1. transportation
2. warehousing
3. inventory management
4. purchasing
5. customer service
6. integration of activities with other functional areas of firm - ANSWER
6 main functions of logistics management
transportation - ANSWER main function of logistics management that
includes:
external and fleet management
warehousing - ANSWER main function of logistics management that
includes:
, warehouse management, network design, materials handling,
packaging, assembly
inventory management - ANSWER a bit of stretch to definition of
logistics but main function of logistics management that includes:
demand management
purchasing - ANSWER a bit of stretch to definition of logistics but main
function of logistics management that includes:
supply management
customer service - ANSWER main function of logistics management
that includes:
order fulfillment
shipping containers - ANSWER huge invention in logistics that are
used for transporting stuff around in supply chain
logistics - ANSWER coordinated management of the flow and storage
of inventory such that total costs are minimized and customer service
targets are achieved
sources of supply-> materials management-> plants/operations-
>physical distribution->customers - ANSWER 5 destinations and
movement from beginning to end of supply chain that involves logistics
1. truck
2. plane
3. train/rail
4. ship/vessel
5. pipeline - ANSWER 5 different transportation mode options in
logistics
truck - ANSWER transportation mode that is biggest by volume and
dollar amount in US and worldwide
Expensive
shale, oil, coal was very strong but has been weakened recently
$40 B U.S., $31 B International, $9 B domestic - ANSWER worth of
plane transportation industry in U.S., International, Domestic
$60-80 B - ANSWER worth of train/freight/rail transportation business
logistics management - ANSWER management of the movement and
storage of materials at lowest cost while still meeting customer's
requirements
1. inventory management
2. order management
3. transportation management
4. warehousing
5. packaging and materials handling
6. network design - ANSWER 6 primary activities involved in
accomplishing logistics management
1. transportation and modes in logistics
2. warehouse management and facility location - ANSWER 2 main
topics covered in class in logistics
movement of stuff in supply chain (b/w entities or w/in
warehouse/fulfillment center) - ANSWER general topic of logistics (and
where it occurs)
logistics - ANSWER coordinated management of related activities
associated with the movement and storage of inventory
1. transportation
2. warehousing
3. inventory management
4. purchasing
5. customer service
6. integration of activities with other functional areas of firm - ANSWER
6 main functions of logistics management
transportation - ANSWER main function of logistics management that
includes:
external and fleet management
warehousing - ANSWER main function of logistics management that
includes:
, warehouse management, network design, materials handling,
packaging, assembly
inventory management - ANSWER a bit of stretch to definition of
logistics but main function of logistics management that includes:
demand management
purchasing - ANSWER a bit of stretch to definition of logistics but main
function of logistics management that includes:
supply management
customer service - ANSWER main function of logistics management
that includes:
order fulfillment
shipping containers - ANSWER huge invention in logistics that are
used for transporting stuff around in supply chain
logistics - ANSWER coordinated management of the flow and storage
of inventory such that total costs are minimized and customer service
targets are achieved
sources of supply-> materials management-> plants/operations-
>physical distribution->customers - ANSWER 5 destinations and
movement from beginning to end of supply chain that involves logistics
1. truck
2. plane
3. train/rail
4. ship/vessel
5. pipeline - ANSWER 5 different transportation mode options in
logistics
truck - ANSWER transportation mode that is biggest by volume and
dollar amount in US and worldwide
Expensive
shale, oil, coal was very strong but has been weakened recently
$40 B U.S., $31 B International, $9 B domestic - ANSWER worth of
plane transportation industry in U.S., International, Domestic
$60-80 B - ANSWER worth of train/freight/rail transportation business
