Exam 1: An Overview of Logistics

Dual distribution refers to an alliance that allows customers to purchase products from two or more name-brand retailers at one store location.

Logistics managers use the ___________ approach to coordinate materials management and physical distribution in a cost-efficient manner.

The most significant contribution that the logistics channel makes to the overall channel process is the sorting function.

Many promotional decisions,such as pricing campaigns that lower the price of certain items,require close coordination between marketing and logistics.

The key to the total cost approach is that all relevant cost items are considered simultaneously when making a decision.

A common interface between production and logistics involves:

Postponement is the delay of value-added activities such as assembly,production,and packaging to the latest possible time.

___________ is bringing together similar stocks from different sources.

The systems approach indicates that a company's objectives can be realized by recognizing the mutual interdependence of the major functional areas of a firm.

___________ utility refers to the value or usefulness that comes from a customer being able to take possession of a product.

Packaging can have both a marketing and logistical dimension.

Logistics has played a minor role in the growth of global trade.

___________ refers to the delay of value-added activities such as assembly,production,and packaging to the latest possible time.

Which channel covers the movement of title to the goods?

The ___________ department often measures inventory in terms of its cost or value in dollars whereas ___________ tends to measure inventory in terms of units.

Demand forecasting is not considered to be a logistics-related activity.

Warehousing represents the costliest logistics activity in many organizations.

Logistical decisions tend not to be impacted by marketers' growing emphasis on offering sustainable products.

Brokers are intermediaries that are commonly associated with the ___________ channel.

___________ refers to being out of an item at the same time there is demand for it.