In the Management of Logistical Activities,the Performance Variable(s)of Prime Interest

question 81

Multiple Choice

In the management of logistical activities,the performance variable(s) of prime interest (is) are:

• A)number of products handled.
• B)total distribution costs.
• C)inventory movement per warehouse facility.
• D)the level of logistical service provided to customers.
• E)both (a)and (d)

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Definitions:

Service Level

A measurement of the quality and efficiency of a service, often evaluated based on factors such as speed, reliability, and customer satisfaction.

Safety Stock

Extra inventory kept on hand to protect against stockouts caused by variations in supply and demand.

Service Level

A measure of the quality of service provided to customers, often quantified as the percentage of customer demands met on time.

Lead Time

The total time it takes to complete a process from start to finish, often measured from the initiation to the delivery of a product or service.