Concerning Speed of Service in the Logistical System,which of the Following

question 67

Multiple Choice

Concerning speed of service in the logistical system,which of the following is(are) accurate?

• A)The longer the delivery time,the more inventory customers must maintain to service their needs while the shipment is in transit.
• B)The slower modes of transportation involve higher variable costs for product movement.
• C)The faster modes of transportation result in the need for higher investments in inventory by customers.
• D)all of the above
• E)both (b)and (c)

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Definitions:

Trust the Process

A phrase encouraging belief in and adherence to a specific plan or system, despite potential uncertainty or slow progress.

Electronic Data Interchange (EDI)

The electronic transfer of business information using a standardized format, allowing different systems to communicate directly with each other.

Process Cycle Time

measures the total time taken to complete a business process from start to finish, indicating process efficiency.

Large Amounts

Refers to significantly higher quantities or volumes of items, resources, or data, often requiring special management or consideration.