1 Exampromax - Stuvia US 2025/2026
IDIS 343 Exam 1 Questions and Answers
(100% Correct Answers) Already Graded A+
The Logistics/SC Mission
Ans: Getting the right goods or services to the right place, at the right time, and
in the desired condition at the lowest cost and highest ROI
Primary Activities/Processes
Ans: - Setting customer service goals
- Transportation
- Inventory management
- Location
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Secondary, or supporting Activities/Processes
Exampromax - Stuvia US
Ans: - Warehousing
- Materials handling
- Acquisition (purchasing)
- Protective packaging
- Product scheduling
- Order processing
Inventory Strategy
Ans: - Forecasting
- Storage fundamentals
- Inventory decisions
- Purchasing and supply scheduling decisions
- Storage decisions
Transport strategy
Ans: - Transport fundamentals
- Transport decisions
Location Strategy
Ans: - Location decisions
- The network planning process
Customer Service Goals
, 2 Exampromax - Stuvia US 2025/2026
Ans: - The product
- Logistics Service
- Information systems
The two largest cost categories in logistics systems
Ans: Transportation and inventory
The most frequent trade-off in logistics is between:
Ans: Transportation and inventory cost
ROLA
Ans: Return on logistics assets
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(Revenue - Costs)/Logistics Assets
Exampromax - Stuvia US
Significance of Logistics: Costs are High
Ans: - About 10.5% of GDP domestically
- About 12% of GDP internationally
- A range of 4 to 30% of sales for individual firms, avg about 10%
- As high as 70-80% of sales if purchasing and production are included
Significance of Logistics: Customers are more demanding of the supply
chain
Ans: - Desire for quick response
- Desire for mass customization
Significance of Logistics: An integral part of company strategy
Ans: - Generate revenue
- Improve profit
Significance of Logistics: Logistical lines are lengthening
Ans: Local vs Long distance supply
Significance of Logistics: Logistics is a key to trade and an increased
standard of living
Ans: Law of comparative economic advantage applies
, 3 Exampromax - Stuvia US 2025/2026
Significance of Logistics: Logistics adds value
Ans: Time and place utilities
Relationship of Logistics to production: Coordinates through scheduling
and strategy
Ans: Make to order
Make to stock
Relationship of Logistics to production: An integral part of the supply
chain
Ans: - Affects total response time for customers
- Shares activities such as inventory planning
© 2025 Assignment Expert
Relationship of Logistics to production: Costs are in a tradeoff
Exampromax - Stuvia US
Ans: - Production lot quantities affect inventory levels and transportation
efficiency
- Production response affects transportation costs and customer service
- Production and warehouse location are interrelated
The objectives of logistics strategy are:
Ans: - Minimize cost
- Minimize investment
- Maximize customer service
The 4 problem areas of supply chain planning:
Ans: - Customer service levels
- Facility location
- Inventory decisions
- Transportation decisions
Logistics Strategy: When to plan?
Ans: - No distribution network currently exists
- There has been no re-evaluation in 5 years
- When costs are changing rapidly, especially transport & inventory
- When markets have shifted
- When current distribution economics encourage shifts
- When there has been a major policy shift in logistics such as in price, customer
service, or investment level
IDIS 343 Exam 1 Questions and Answers
(100% Correct Answers) Already Graded A+
The Logistics/SC Mission
Ans: Getting the right goods or services to the right place, at the right time, and
in the desired condition at the lowest cost and highest ROI
Primary Activities/Processes
Ans: - Setting customer service goals
- Transportation
- Inventory management
- Location
© 2025 Assignment Expert
Secondary, or supporting Activities/Processes
Exampromax - Stuvia US
Ans: - Warehousing
- Materials handling
- Acquisition (purchasing)
- Protective packaging
- Product scheduling
- Order processing
Inventory Strategy
Ans: - Forecasting
- Storage fundamentals
- Inventory decisions
- Purchasing and supply scheduling decisions
- Storage decisions
Transport strategy
Ans: - Transport fundamentals
- Transport decisions
Location Strategy
Ans: - Location decisions
- The network planning process
Customer Service Goals
, 2 Exampromax - Stuvia US 2025/2026
Ans: - The product
- Logistics Service
- Information systems
The two largest cost categories in logistics systems
Ans: Transportation and inventory
The most frequent trade-off in logistics is between:
Ans: Transportation and inventory cost
ROLA
Ans: Return on logistics assets
© 2025 Assignment Expert
(Revenue - Costs)/Logistics Assets
Exampromax - Stuvia US
Significance of Logistics: Costs are High
Ans: - About 10.5% of GDP domestically
- About 12% of GDP internationally
- A range of 4 to 30% of sales for individual firms, avg about 10%
- As high as 70-80% of sales if purchasing and production are included
Significance of Logistics: Customers are more demanding of the supply
chain
Ans: - Desire for quick response
- Desire for mass customization
Significance of Logistics: An integral part of company strategy
Ans: - Generate revenue
- Improve profit
Significance of Logistics: Logistical lines are lengthening
Ans: Local vs Long distance supply
Significance of Logistics: Logistics is a key to trade and an increased
standard of living
Ans: Law of comparative economic advantage applies
, 3 Exampromax - Stuvia US 2025/2026
Significance of Logistics: Logistics adds value
Ans: Time and place utilities
Relationship of Logistics to production: Coordinates through scheduling
and strategy
Ans: Make to order
Make to stock
Relationship of Logistics to production: An integral part of the supply
chain
Ans: - Affects total response time for customers
- Shares activities such as inventory planning
© 2025 Assignment Expert
Relationship of Logistics to production: Costs are in a tradeoff
Exampromax - Stuvia US
Ans: - Production lot quantities affect inventory levels and transportation
efficiency
- Production response affects transportation costs and customer service
- Production and warehouse location are interrelated
The objectives of logistics strategy are:
Ans: - Minimize cost
- Minimize investment
- Maximize customer service
The 4 problem areas of supply chain planning:
Ans: - Customer service levels
- Facility location
- Inventory decisions
- Transportation decisions
Logistics Strategy: When to plan?
Ans: - No distribution network currently exists
- There has been no re-evaluation in 5 years
- When costs are changing rapidly, especially transport & inventory
- When markets have shifted
- When current distribution economics encourage shifts
- When there has been a major policy shift in logistics such as in price, customer
service, or investment level
