Logistics is that part of supply chain process that plans

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Reference no: EM132169699

1. The logisitcs/supply chain mission is getting the right goods or services to the right place, at the right time, and in the desired condition at the lowest cost and highest return on investment.

True or False

2. Logistics is that part of the supply chain process that plans, implements, and controls the efficient, effective flow and storage of goods, services, and related information from the point of origin to point of consumption in order to meet customers’ requirements.

True or False

3. There are two different types of supply chains: efficient supply chain and responsive supply chain. Responsive supply chain uses _________ strategy which means products are procured after receiving a customer order. Please choose from the following options to fill in the blank above.

Supply to stock or Supply to order

4. The efficient supply chain is good for innovative products which have unpredictable demand and usually have high margins.

True or False

5. A firm can maximize ROLA (return on logistics assets) by reducing logisitics operational costs, improving sales via customer service improvement, and reducing investments in logistics assets.

True or False

Reference no: EM132169699

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