Flashcards
Principles of Logistic (Chapter 1) with Answers of End Chapter
[Show more]
Preview 5 out of 52 Flashcards
1-4. How can a particular logistics system be effective but not efficient?
1-4. How can a particular logistics system be effective but not efficient?
Effectiveness can be thought of as “how well a company does what it says it’s going to do;” efficiency focuses on how well (or poorly) company resources are used to achieve what a company promises they can do. There are a multitude of examples that would illustrate an effective, but not efficient, logistics system. For example, some companies routinely use premium and/or expedited transportation—which increase transportation costs—to meet customer delivery requirements. As such, the company could be considered effective (meeting delivery deadlines) but perhaps not efficient (increased transportation costs).
12. ____ refers to the removal of intermediaries between producer and consumer.
a. direct channels
b. market demassification
c. consolidation
d. disintermediation
12. ____ refers to the removal of intermediaries between producer and consumer.
a. direct channels
...
d. disintermediation
26. ____ refers to being out of an item at the same time there is demand for it.
a. intensive distribution
b. tailored logistics
c. stockout
d. supplier indifference
26. ____ refers to being out of an item at the same time there is demand for it.
a. intensive dist...
c. stockout
1. Absolute and relative logistics costs in relation to Gross Domestic Product vary from country to country
1. Absolute and relative logistics costs in relation to Gross Domestic Product vary from country to ...
(True)
Logistics is only concerned with forward flows, that is, those directed towards the point of consumption
Logistics is only concerned with forward flows, that is, those directed towards the point of consump...
False
Flip
Seller
Followdaniel209dd
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller daniel209dd. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $3.74. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83100 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now