SCM 303 Exam 4 Questions and Correct Answers the Latest Update
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Course
SCM 303
Institution
SCM 303
The work of logistics involves ______
transportation, inventory, order processing, warehousing, and facility network design
The goal of logistics is to ______
support procurement, manufacturing, and customer accommodation
In 2016 US business logistics costs represented what portion of Gross D...
✓ -the process that links supply chain participants into integrated operations
✓ -the catalyst of activity between different supply chain functional areas such as
procurement and warehousing
✓ -a critical component to supply chain success
✓ -concerned with getting the right product to the right place at the right time, at
minimum cost
Performance cycle uncertainty has the following trait: ______
✓ the larger the variance to desired goal, the bigger the impact
Total Cost Logistics Model takes into consideration ______
✓ all expenditures necessary to perform logistical requirements
Echelon logistics operating arrangements accomplish which of the following?
✓ Utilize warehouses to create inventory assortments and achieve consolidation
economies.
The three factors fundamental to transportation performance are ______
✓ cost, speed, and consistency
Supply chain synchronization attempts to achieve which of the following?
✓ Coordinate multiple firms activities across the supply chain.
The more significant the service ______ impact upon a customer's business, the
greater the priority placed on error free logistical performance.
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