Third party logistics - Study guides, Study notes & Summaries

LSCM Review Exam 2 2024 with 100% Correct Answers Many firms have directed significant attention towards working more closely with supply chain partners, including not only customers and suppliers but also various types of logistics suppliers. - ANSWERSTrue A horizontal relationship refers to firms on the same level in the supply chain. - ANSWERSFalse The range of relationships with 3PLs ranges from being a vendor to being a vertical supplier. - ANSWERSFalse The first stage in the ...

TRL2604-Integrated Logistics Oct-Nov 2022 Exam Q & A. SECTION A QUESTION 1 1.1 Define Logistics Management (5 marks) Logistics management is the administration of supply chain management functions that assists firms in planning, managing, and implementing systems for moving and storing commodities. Inbound and outbound transportation management, fleet management, warehousing, materials handling, order fulfilment, logistics network design, inventory control, supply and demand planning, a...

WGU C215 Operations Management -Objective Assessment Prep Guide & Terminologies Combo Study Guide 1. customer focus 2. continuous improvement 3. employee empowerment 4. use of quality tools 5. product design 6. process management 7. managing supplier quality Total Quality Management (TQM) Philosophy Basic function of Six Sigma. Measures the process potential and performance of processes. The higher the range of Cpk, the improved is the ability of the process to complete its necessities. Uses bo...

International Business Chapter 8 Latest 2024 Rated A+ Logistics Consists of the acquisition, transportation and storage of materials from the point of origin to the point of consumption. 3 types of logistics Military Logistics Production Logistics Business Logistics Military Logistics Refers to the science of planning,organizing and managing the movement and maintenance of military forces, including procurement, storage, health-care services, and evacuation. Production Logist...

Total Quality Management (TQM) Philosophy - Answer 1. customer focus 2. continuous improvement 3. employee empowerment 4. use of quality tools 5. product design 6. process management 7. managing supplier quality Process Capability Index (Cpk) - Answer Basic function of Six Sigma. Measures the process potential and performance of processes. The higher the range of Cpk, the improved is the ability of the process to complete its necessities. Six Sigma - Answer A disciplined, data-driven...

WGU C215 Study Guide – FINAL Latest Updated 2022 Already Passed Total Quality Management (TQM) Philosophy 1. customer focus 2. continuous improvement 3. employee empowerment 4. use of quality tools 5. product design 6. process management 7. managing supplier quality Process Capability Index (Cpk) Basic function of Six Sigma. Measures the process potential and performance of processes. The higher the range of Cpk, the improved is the ability of the process to complete its necessities. Six Sig...

LSCM Study Exam 2 Questions & Answers 2024/2025 Many organizations are working more closely with - ANSWERSCustomers, suppliers, and various types of logistics suppliers Horizontal collaboration refers to a relationship that is __ and/or ___ - ANSWERSBuyer to buyer and/or seller to seller While available evidence supports the fact that the president or CEO and the finance executive are often involved with the identification of the need for logistics services, - ANSWERSExecutives from o...

IOWA board is comprised of... correct answers5 pharmacists, one certified pharmacy technician, and two representatives of the general public, all appointed by the governor. IOWA board regulates distribution through... correct answerslicensing pharmacies, wholesale distributors, limited distributors, outsourcing facilities, and third-party logistics providers. Number of alternate members correct answersSeven Amount of time an alternate member is on the board correct answersThree Years ...

LSCM Review Exam 2 Questions & Answers 2024/2025 Many organizations have directed significant attention toward working more closely with supply chain partners, including not only customers and suppliers but also various types of logistics suppliers. - ANSWERStrue A horizontal relationship refers to firms on the same level in the supply chain - ANSWERSfalse The range of relationships with 3PLs ranges from being a vendor to being a vertical supplier - ANSWERSfalse The first stage in ...

LSCM Prep Final Exam 2024 with 100% Correct Answers 3PL's are asset-based logistics providers that physically move product through the supply chain. - ANSWERSF 4PL providers not only provide a broader scope of services to their clients and customers, but typically may be more strategically involved. - ANSWERST A financial based 3PL is a firm that takes a financial interest in an organization in order to underwrite the outsourcing of that firm's logistics. - ANSWERSF A horizontal ...