Many 3PLs Are Using the Technology Area to Distinguish Themselves

question 21

Multiple Choice

Many 3PLs are using the technology area to distinguish themselves from

• A) warehouse firms.
• B) transport firms.
• C) 4PLs.
• D) competitors.

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Definitions:

Cost of Goods Sold

Directly incurred costs for the production of goods a company sells, encompassing both materials and workforce expenses.

Cash Cycle

is the period between the outflow of cash for raw materials and the inflow of cash from selling goods or services, indicating the efficiency of a company's operations.

Receivables Period

The common interval for an enterprise to secure payments owed by its patrons.

Inventory Period

The average time it takes for a company's inventory to turn over or be sold.