100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
SCM 303 Exam 3 MSU FS2018 Questions and Correct Answers the Latest Update $14.09   Add to cart

Exam (elaborations)

SCM 303 Exam 3 MSU FS2018 Questions and Correct Answers the Latest Update

 2 views  0 purchase
  • Course
  • SCM 303
  • Institution
  • SCM 303

Logistics definition planning, implementing, and controlling the efficient, effective flow and storage of goods, services, and related information from point of origin to point of consumption types of logistics forward and reverse military roots of logistics Alexander the Great (330 BC)...

[Show more]

Preview 3 out of 30  pages

  • November 7, 2024
  • 30
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • SCM 303
  • SCM 303
avatar-seller
TestTrackers
#Examify | #OnlineExams | #TestPrep | #StudyResources | #AcademicSuccess |
#ExamPreparation | #QuizTime | #LearningTools | #Education | #StudentSupport




SCM 303 Exam 3 MSU FS2018 Questions
and Correct Answers the Latest Update
Logistics definition


✓ planning, implementing, and controlling the efficient, effective flow and storage of
goods, services, and related information from point of origin to point of
consumption



types of logistics


✓ forward and reverse



military roots of logistics


✓ Alexander the Great (330 BC) i.e. campaign timing around local harvest, soldiers
carry own provisions, marches near waterways, etc.



Transportation: Steam power


✓ Ships and Railroads (1800s)



Transportation: Internal combustion engines


✓ Trucks and Planes (1900s)



Communications: Electrical born in...


✓ mid 1800s



Communications: Digital born in...

Examify | Smart Grades | Latest update

,#Examify | #OnlineExams | #TestPrep | #StudyResources | #AcademicSuccess |
#ExamPreparation | #QuizTime | #LearningTools | #Education | #StudentSupport

✓ 1990s



Logistics accounts for approximately __% of the US GDP


✓ 10



Over $______ per year spent on logistics


✓ $1 trillion



Some industries could obtain productivity improvements of _______% by

focusing on logistics


✓ 20-35%



Logistics accounts for __________ jobs and __% of the total labor force


✓ 15 million, 14%



7 "Rights" of Logistics


✓ Right product
✓ Right customer
✓ Right time
✓ Right place
✓ Right condition
✓ Right quantity
✓ Right cost



Logistics Value equation


Examify | Smart Grades | Latest update

, #Examify | #OnlineExams | #TestPrep | #StudyResources | #AcademicSuccess |
#ExamPreparation | #QuizTime | #LearningTools | #Education | #StudentSupport

✓ Value = Quality/Cost



Logistics challenges


✓ Outsourcing, JIT, Security, Transportation Infrastructure, Fuel Price Volatility,
Pressure on margins, Globalization, Talent management, and sustainable practices



Order Fulfillment definition


✓ all activities from the time of a sales inquiry until the order is delivered to the
customer



Product Availability


✓ items are available when and where desired by the customer



Stockouts


✓ items are unavailable when and where desired by the customer



Stockout Frequency: Brick and Mortar retailers


✓ Non-advertised items: 7-10%
✓ Advertised items: 16%



Item Fill Rate


✓ % of ordered items delivered



Line Fill Rate



Examify | Smart Grades | Latest update

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller TestTrackers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.09. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80796 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$14.09
  • (0)
  Add to cart