test 3- mktg 372 UPDATED ACTUAL Questions and
CORRECT Answers
logistics the art and science of obtaining, producing and distributing materials and
products in the proper place and in the proper quantities
international logistics managing these functions when the movement is on a global scale
third party logistics company (3PL) an outside company used to manage all or pat of another companies logistics
functions
logistics managements that part of the supply chain management that plans, implements and controls
the efficient, effective forward and reverse flow and storage of goods, services
and related information between the point of an origin and the point of
consumption in order to meet customers requirements
what does logistics management cover? transportation, warehousing, material handling, packaging etc
cross docking large shipments are broken down into small shipments for local delivery in an
area
hub and spoke systems combine the idea of consolidation and that off cross docking, sorting goods
consolidation warehousing a form of warehousing that pulls together shipments from a number of sources
in the same geographic area and combines them into larger and more
economical loads
break bulk separation of a single consolidated bulk load into smaller individual shipments
for delivery to the ultimate consignees
postponing warehousing a form of warehousing that combines classic warehouse operations with light
manufacturing and packaging duties to allow firms to putt of final assembly or
packaging goods until he last possible moment
facility location issues proximity to customers, business climate, total costs, infrastructure, quality of
labor, suppliers, other facilities etc
forecast an estimate of the future level of some variable
forecasts are almost always wrong by some account.. but they are still useful
decoupling point point at which inventory is stores, which allows supply chain to operate
independently
CORRECT Answers
logistics the art and science of obtaining, producing and distributing materials and
products in the proper place and in the proper quantities
international logistics managing these functions when the movement is on a global scale
third party logistics company (3PL) an outside company used to manage all or pat of another companies logistics
functions
logistics managements that part of the supply chain management that plans, implements and controls
the efficient, effective forward and reverse flow and storage of goods, services
and related information between the point of an origin and the point of
consumption in order to meet customers requirements
what does logistics management cover? transportation, warehousing, material handling, packaging etc
cross docking large shipments are broken down into small shipments for local delivery in an
area
hub and spoke systems combine the idea of consolidation and that off cross docking, sorting goods
consolidation warehousing a form of warehousing that pulls together shipments from a number of sources
in the same geographic area and combines them into larger and more
economical loads
break bulk separation of a single consolidated bulk load into smaller individual shipments
for delivery to the ultimate consignees
postponing warehousing a form of warehousing that combines classic warehouse operations with light
manufacturing and packaging duties to allow firms to putt of final assembly or
packaging goods until he last possible moment
facility location issues proximity to customers, business climate, total costs, infrastructure, quality of
labor, suppliers, other facilities etc
forecast an estimate of the future level of some variable
forecasts are almost always wrong by some account.. but they are still useful
decoupling point point at which inventory is stores, which allows supply chain to operate
independently
