TEST BANK for Operations Management: Processes and Supply Chains/With 100% Correct Answers ,Updated Up To New Generations.
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Course
Operations Managemen
Institution
Operations Managemen
TEST BANK for Operations Management: Processes and Supply Chains/With 100% Correct Answers ,Updated Up To New Generations.
Logistics strategy - CORRECT ANSWERS -A functional strategy that ensures that an organization's logistics choices— transportation, warehousing, information systems, and ev...
TEST BANK for Operations Management: Processes and
Supply Chains/With 100% Correct Answers ,Updated Up
To New Generations.
Logistics strategy - CORRECT ANSWERS -A functional strategy that ensures that an
organization's logistics choices— transportation, warehousing, information systems, and
even form of ownership—are consistent with its overall business strategy and support
the performance dimensions that targeted customers most value.
Common carriers - CORRECT ANSWERS -Also known as public carriers;
transportation service providers who handle shipments on a case-by-case basis, without
the need for long-term agreements or contracts.
Contract carriers - CORRECT ANSWERS -Transportation service providers who handle
shipments for other firms based on long-term agreements or contracts.
Third-party logistics
providers (3PLs) - CORRECT ANSWERS -Service firms that handle all of the logistics
requirements for other companies.
Perfect order - CORRECT ANSWERS -A term used to refer to the timely, error-free
provision of a product or service in good condition.
Landed cost - CORRECT ANSWERS -The cost of a product plus all costs driven by
logistics activities, such as transportation, warehousing, handling, customs fees, and the
like
Freight forwarder - CORRECT ANSWERS -An agent who serves as an intermediary
between the organization shipping the product and the actual carrier, typically on
international shipments
Customs broker - CORRECT ANSWERS -An agent who handles customs requirements
on behalf of another firm. In the United States, customs brokers must be licensed by the
Customs Service.
Reverse logistics system - CORRECT ANSWERS -A complete supply chain dedicated
to the reverse flow of products and materials for the purpose of returns, repair, re-
manufacture, and/or recycling.
Logistics covers a wide range of business activities, including - CORRECT ANSWERS -
Transportation, Warehousing, Material handling, Packaging, Inventory management,
and Logistics information systems
Direct truck shipment - CORRECT ANSWERS -A shipment made directly, with no
additional stops, changing of trucks, or loading of additional cargo.
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