Chapter 10- Logistics Management

Question 1

Define logistics

Answer 1

The management of the movement of goods between a point of origin and point of consumption

Question 2

Name and explain the types of logistics

Answer 2

Business logistics
Military logistics
Event logistics
Service logistics

Question 3

What are the seven rights of logistics?

Answer 3

Move the right materials
In the right quantity
In the right condition
At the right time
To the right place
At the right cost
To the right customers

Question 4

Name and explain the phases in logistics

Answer 4

Inbound logistics:
The movement of goods from the point of origin to the point of production, also known as upstream logistics

Outbound logistics:
The movement of finished goods from the point of production to the consumer, also known as downstream logistics

Reverse logistics:
The return of damaged unsold, and expired goods from the point of consumption to the producer

Question 5

Name and explain the components of a logistics system

Answer 5

Inventory management.
Transportation.
Storage and materials handling.
Order processing.
Purchasing.