What is the difference between logistics and supply chain management Mcq?

What is the difference between logistics and supply chain management Mcq?

The basic difference between Logistics and Supply Chain Management is that Logistics management is the process of integration and maintenance (flow and storage) of goods in an organization whereas Supply Chain Management is the coordination and management (movement) of supply chains of an organization.11-Oct-2019

What is lead time in supply chain Mcq?

Information lead time is the time taken to process an order in a supply chain. 37.11-May-2022

What is the purpose of supply chain management Mcq?

What are the elements of logistics system Mcq?

There are five elements of logistics:

Which is not a component of 4pl?

d) recycling - it's a part of reverse logistic, not part of 4 PL.30-Apr-2013

What does 3PL stand for?

third-party logistics

What does MRP stand for supply chain?

Material requirements planning

What does ATP stand for in supply chain?

Available to Promise

What is the goal of Logistics?

Goals of Logistics. There is a temporal and spacial gap between production and consumption. The goal of logistics is to fill in this gap. In the past, the main mission of logistics was to deal with the spatial distance by increasing transportation efficiency and reducing the time to deliver goods.

What is meant by bullwhip effect?

The bullwhip effect is a supply chain phenomenon describing how small fluctuations in demand at the retail level can cause progressively larger fluctuations in demand at the wholesale, distributor, manufacturer and raw material supplier levels. The effect is named after the physics involved in cracking a whip.

What is reverse shipment?

Reverse logistics refers to the process of sending the product from the customer's doorstep back to the seller's origin. Reverse logistics takes place for an order that is received back from the customer. Order marked as return to origin and shipped back to the customer's warehouse constitute reverse logistics.

What is the main purpose of the supply chain?

SCM provides centralized control for the planning, design, manufacturing, inventory, and distribution phases required to produce and sell a company's products. A goal of supply chain management is to improve efficiency by coordinating the efforts of the various entities in the supply chain.

What are the 3 types of logistics?

Types of Logistics

What are the 12 logistics elements?

Terms in this set (12)

What are the 4 areas of logistics management?

There are four main types of logistics management, each emphasizing a different aspect of the supply process.

What is chain process?

Supply chain management is the process of delivering a product from raw material to the consumer. It includes supply planning, product planning, demand planning, sales and operations planning, and supply management.

What are e logistics features?

Key elements of e-logistics that entrepreneurs should take into consideration include: multi-channel operations, cross-border functionality, warehouse layout and inventory, last mile and reverse logistics, planning and forecasting, and performance measurement.27-Mar-2017

Which is not a party of SCM?

What is 4PL vs 3PL?

A 3PL (third-party logistics) provider manages all aspects of fulfillment, from warehousing to shipping. A 4PL (fourth-party logistics) provider manages a 3PL on behalf of the customer and other aspects of the supply chain.

What is 1PL 2PL 3PL 4PL 5PL?

1PL - First-Party Logistics. 2PL - Second-Party Logistics. 3PL - Third-Party Logistics. 4PL - Fourth-Party Logistics. 5PL - Fifth-Party Logistics.

How is 3PL different from 4PL?

A 3PL provider focuses on the day-to-day operations of your supply chain logistics while a 4PL focuses on optimizing your entire supply chain. Consequently, a 4PL takes over the entire operation and allows you time to grow and expand your business.04-Mar-2022

What is the difference between logistics and supply chain management Mcq?