Exam 2: Role of Logistics in Supply Chains

What is the definition of logistics which the authors choose and what group had formulated it?

Time utility depends on

To hold down distribution cost,the lowest cost carrier should always be used.

When a specific point in time,or level of production,is chosen and costs are developed for the various logistics cost centers,it is called

What is the primary challenge of logistics?

Spatial relationship is extremely significant to logistics.Discuss why this is true.

A ____ analysis examines a logistics system over a long time period or range of output.

The value that is added to a good through a manufacturing,production,or assembly process is:

What activity is described as the movement of goods into a warehouse,the placement of goods in a warehouse,and the movement of goods from storage to order picking areas and eventually to dock areas for transportation out of the warehouse?

A(n)____ relationship exists between the cost of lost sales and inventory cost.

During the 1990s and 2000s,logistics costs as a percentage of gross national product declined.

Another dimension of logistics is the micro perspective which examines the relationships between logistics and other functional areas in an organization.What are these other functions? Select one and discuss how it interacts with logistics.

There are a number of product-related factors that can affect the cost and importance of logistics.Identify the factors,and pick one to discuss further.

Water Cruisers is located in Jacksonville,Florida,and makes small yachts and luxury pontoon boats for customers on the East coast of the United States.Each boat requires thousands of parts purchased from over 1,000 vendors.A number of boats are in production at any one time,so a large number of parts constantly arrive and are stored.Once a boat is finished,it is sailed up the coast to a convenient port for customer delivery.Which type of logistics system does Water Cruisers use?

A number of product-related factors affect the cost and importance of logistics.Which is not one of these factors?

Which is created when a product or service is at a point when demanded by customers?

Transportation is the physical movement or flow of goods.

Acme Battery distributes its batteries to warehouses,where they are stored until ordered by a retailer.The warehouses are located close by the retail markets served.This is the logistics channel approach to logistics.

The utility that is created by moving goods from surplus points to points where demand exists is referred to as: