Logistics definition - Study guides, Class notes & Summaries

SCMN 3710 Exam 1 (Strickland) Questions and Answers Already Passed What external change drivers have had the most impact on the development of global supply chains in the 21st century? a. Technology Describe the evolution from the physical distribution concept of the 1960s to the integrated logistics concept of the 1980s to the supply chain concept of today a. Supply chains are extended enterprises which require managing four flows—products, information, financials (cash), and deman...

SCM 300 Exam Questions with Correct Answers is the Efficient Integration of suppliers, transporters, manufacturers, warehouses, retailers and all other parties associated with the delivery of the final product.• Achieve Goals - Cost, Speed, Quality.. • Efficient Execution - Get things done right, but with minimal effort and resources Manage Resources - People, Materials, Machines.. - Answer-Supply Chain Management firm whose business include former suppliers and/or customers;Form of ...

Accounting Information Systems 2nd Edition Richardson Test Bank (100% VERIFIED ANSWERS) Accounting Information Systems at this date are all computerized. Answer: FALSE Diff: 1 Topic: Data versus Information Learning Objective: 01-02 Distinguish among data, information, and an information system. Bloom's: Remember AACSB: Reflective Thinking AICPA: BB Industry; FN Decision Making 3) Business value includes all those items, events and interactions that determine the financial health and w...

LSCM Prep Exam 1 2024 with 100% Correct Answers Which of the answers below is an example of the creation of form utility by a logistics activity? - lumber is cut and made into a chair - firms finance manager approves purchases on credit - when dell combines components with software to produce a computer to a customer's specifications - breaking bulk and repackaging at a distribution center - ANSWERSthe breaking bulk and repackaging at a distribution center In a logistics system, wa...

Economies of scale correct answers When costs can be spread across increasing units of production or in serving multiple customers. Businesses that have favorable economies of scale (like many Internet firms) are sometimes referred to as being highly scalable Porter's 5 Forces correct answers Also known as Industry and Competitive Analysis. A framework considering the interplay between (1) the intensity of rivalry among existing competitors, (2) the threat of new entrants, (3) the threat of ...

Select the Better Buying Power initiative that should be implemented to address the problem. - Implement "should cost" based management Assign each task to the individual responsible for its completion. a) Life Cycle Logistician b) Program Manager - a) Develop and implement risk planning; Identify risks that impact multiple Integrated Product Teams and coordinate risk management efforts; Revisit identified risks to verify risk analysis results. b) Assign responsibility and authority for...

Stakeholder Requirements - Takes all inputs from users and stakeholders, clarifies them as necessary and translates these inputs into Technical Requirements Select the correct definition of trade space. - Trade space is the degree of flexibility in balancing cost, schedule, performance, and supportability requirements to meet Warfighter capabilities with affordable and supportable system designs. Architecture Design - Translates the outputs of Requirements Definition and Analysis processes ...

The Purchasing process 1. Define Specification. 2. Select Supplier 3. Contract Agreement 4. Ordering 5. Expediting 6. Evaluation Follow up Definition of Procurement & Supply recognition of the fact that the purchasing function has a role in not just "buying inputs" but in "securing supply" Direct Costs These are costs which can be identified directly with the production of a good or service; e.g. raw materials. Usually strategic or leverae suppliers Indirect Costs Thes...

Healthcare system - ANSWER · delivers quality services to all people, when and where theyneed them. The exact configuration of services varies from country to country, butin all cases requires a robust financing mechanism; a well-trained and adequatelypaid workforce; reliable information on which to base decisions and policies; well-maintained facilities and logistics to deliver quality medicines and technologies.( World Health Organization [WHO], 2015 ) WHO definitnion of Health - ANSWER ...

CPRP TEST 247 Questions with Correct Answers 100% Verified A sponsorship proposal should include: 4 of them. - Correct Answer History of the Event Logistics Benefits of the event Establish sponsorship packages What year was the first examination given? What does NCB stand for? - Correct Answer 1990 National certified board What is the definition of individual and community benefits? Pg. 9 - Correct Answer Individual - what the participant is in the program and gets benefits out ...