Exam 3: Role of Logistics in Supply Chains

The value that is added to goods through a manufacturing or assembly process is:

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

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

The most important trade-off in logistics is between:

Why do companies analyze their logistics systems from the perspective of nodes and links?

The trend toward "pull" systems where the product is "pulled" in response to demand (as opposed to being "pushed" in advance of demand) increases inventory levels, which can increase total logistics costs even though production costs may decrease.

The _____ includes activities such as order transmission, order receipt, order processing, order preparation (picking and packing), and order shipment.

How does logistics add value for firms?

Marketers have begun to recognize the strategic value of place in the marketing mix, as well as the benefits resulting from high-quality logistical services. As a result, which has been recognized as the interface activity between marketing and logistics?

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:

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

As the dollar value of a product increases, packaging costs:

The network of activities, facilities, and personnel required to organize, schedule, and deploy the resources to stage the Olympics is an example of event logistics.

Explain the relationship between logistics and supply chain management.

An important sustainability issue that has received much more scrutiny in recent years is the:

The time that elapses from when a customer places an order until the customer receives the order is referred to as order lead time.

The utility that is created by delivering the proper quantities of an item to where it is demanded is referred to as _____ utility.

Logistics encompasses a relatively large number of managerial activities. Discuss five of these activities and why they are important to logistics systems.

As the dollar value of a product decreases, its transportation cost:

Carrie, the logistics manager of an appliance manufacturer, has been tasked with designing the warehouse at the company's new facility. At the moment, she is working out where trucks will deliver raw supplies and pick up finished products for shipment, which is an important element of: