Logistics Quizzes Online & Trivia

C.Managing the flow and storage of goods from their point of origin to the point of consumption in order to meet minimum requirement of one department.

Simple answer is B however, China is a big place and the shipper may be in a remote area - depends on where client is in relation to a seaport and then vessel availability. Therefore, by the time a shipment is at the port ready to sail, theremay be a limit as to how far the shipment can go via sea beforehaving to be transferred andsentby air for the rest of the journey. Could still be expensive with the additional handling costs. Therefore offer the combination to the client but advise him that his savings may not be as high as he hoped.

Managing the flow and storage of goods from their point of origin to the point of consumption.Notice that Logistics is both an active and passive art.

D. Linda is overseeing the implementation of her plan to supply water to Cadets after they have marched all day.

Any problem needs proper assessment and management, in order to be solved. For your team to work, you need them to understand the process in detail. In these circumstances, simplicity is key. In essence, simplicity means the need to reduce the complexity of the entire method. This makes both planning and execution of national and theatre logistic operations much more efficient. If your team understands the answer the problem better, they can easily think and suggest valuable suggests as well as perform their job efficiently. This is what makes a system work in sync with one another which maximizes productivity.

EWM refers to the Extended Warehouse Management and the full title is SAP EWM or Ag’s Supply Chain Management Extended Warehouse Management. This refers to products that are analyzed. The information from these products are placed into a software platform. This first began in 1993. It was updated and added to every year or two years after that. In EWM, there are two types of stocks called the physical stock and the available stock. There are several differences between the physical stock and available stock in EWM. These differences include that physical stock refers to the amount of products or goods that is physically in a store or warehouse. Available stock refers to the amount of physical goods or products that is available for use and it refers to goods that are not currently distributed to sales order.

Supply chain planning process success depends on how closely demands are forecasted, inventories are managed, and logistics are planned. The supply chain is the heart of industry vertical and if managed efficiently, drives positive business and enables sustainable advantage. Organizations are increasingly questioning their own ability to realize the full potential from a huge amount of data they have within their supply chain. The role of Big Data in Supply Chain Top 5 sources for big data which can be used for Predictive analysis are: Product/Component Traceability Data Bar Code/RFID Data Customer Feedback on Social Media Data from Quality Audits Voice and Video Data  

Inventory between purchasing and production is called the raw materials inventory. This is a pretty straightforward answer. When you purchase something for a production line, it’s usually something like iron, steel, fabric, etc. Nails, screws, and other hardware can also be considered part of this. These are the pieces that will be used to make something. Let’s say you’re going to make a skirt. You’ll need a pattern, fabric, thread, and a few other things. You may need elastic, buttons, snaps, or a zipper for the skirt depending on the waistline. If you’re making a circle skirt, you may need something to weigh it down so you don’t flash people. These are all the things you’ll use later, the raw materials.

The seller has arranged for the goods

You can invoice at anytime in the process - Incoterms does not cover prices or payment terms. These should instead be in the terms of the contract of sale between Seller and Buyer

Attainability

TrueThis is to reduce the need to store up vast amount of supplies that may not be used.