Management: Key Concepts
and Frameworks 2026 Expert
Verifed Ace the Test
What is logistics management? - ANSWER ✔✔Logistics
management is part of supply chain management that plans,
implements, and controls the efficient flow and storage of goods,
services, and information from origin to consumption.
What are the megatrends in supply chain management? - ANSWER
✔✔Globalisation, empowered consumers, shift in global economic
, power, demographic shifts, rise in technology, COVID-19 pandemic,
climate change, and resource scarcity.
What are the different types of logistics? - ANSWER ✔✔Military
logistics, engineering logistics, business logistics, production logistics,
reverse logistics, construction logistics, city logistics, and humanitarian
logistics.
What is supply chain management? - ANSWER ✔✔Supply chain
management involves planning and managing activities in sourcing,
procurement, conversion, and logistics, including coordination with
suppliers and customers.
What are the processes involved in supply chain management? -
ANSWER ✔✔Customer relationship management, customer service
management, demand management, order fulfilment, manufacturing
flow management, supplier relationship management, product
development, and returns management.
What is third-party logistics (3PL)? - ANSWER ✔✔Third-party
logistics is a management structure where a third party provides logistics
services between the supplier and the clients or customers.
What are the types of third-party logistics service providers? -
ANSWER ✔✔Transportation based, warehouse and distribution