Which of the Following Statements Is True About Logistics Operations

question 57

Multiple Choice

Which of the following statements is true about logistics operations?

• A)Logistics is the transformation of raw materials into finished products.
• B)Logistics refers to the transportation and activities associated with transportation of raw materials and finished goods.
• C)Logistics are usually the first operations activity to be offshored.
• D)Logistics are usually the first operations to be outsourced.

Gain insight into the updated provisions of Article 3 regarding negotiation and indorsement.

Learn about the rights and liabilities of holders in due course, including the protections against claims and defenses.

Differentiate between order paper, bearer paper, and how each is negotiated under UCC rules.

Comprehend the significance of acting in good faith and providing value when dealing with negotiable instruments.

---

Definitions:

Stockouts

Situations where demand cannot be fulfilled because the inventory of a product is exhausted, often resulting in lost sales or customer dissatisfaction.

Inventory Carrying Costs

The total costs associated with holding inventory, including storage, handling, depreciation, and opportunity costs.

Safety Stock

Additional inventory kept on hand to guard against fluctuations in demand or supply, ensuring that sufficient quantities are available to meet customer needs.

Service Level

A measure of performance that shows how effectively a company is delivering services to its customers, often expressed as a percentage.