A Well-Designed and Responsive Logistics Program Should Result In

question 31

Multiple Choice

A well-designed and responsive logistics program should result in:

• A) Shortened order cycle times.
• B) Higher inventories for channel members.
• C) More use of airfreight.
• D) Larger warehouses.
• E) More customers.

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Definitions:

Efficiency Wages

The theory that employers may pay wages above the market rate to increase worker productivity, reduce turnover, and encourage loyalty.

Employee Turnover

The rate at which employees leave a workforce and are replaced by new employees.

Job Specification

A job specification focuses on the individual who will perform the job and indicates the knowledge, abilities, skills, and other characteristics that an individual must have to be able to perform the job.

Job Enrichment

A method to motivate employees by giving them more responsibilities and variety in their tasks, leading to increased satisfaction.