Which Of The Following Is An Objective Of Logistics?

The objectives of logistics strategy are to minimize cost, maximize investment, and to maximize customer service.

What are the objectives of logistics?

These operational objectives, which are the primary determinants of logistical performance, include rapid response, minimum variance, minimum inventory, movement consolidation, quality, and life-cycle support. Each objective is briefly discussed.

What are the 3 main logistics objectives?

These are inbound logistics, outbound logistics, and reverse logistics. The information about these three supply chain directions is essential to know, especially to people inclined in the logistics industry in the Philippines.

What are the objectives of logistics performance measurement?

The objective is to identify, based on available literature, methods and techniques which can be used to measure the performance of logistics. Logistics management is essentially a task of balancing between minimizing cost and ensuring availability objectives. Availability can be seen as the output of logistics system.

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Which of the following defines logistics quizlet?

What is logistics? the process of planning, implementing and controlling the efficient, effective flow and storage of raw materials, in-process inventory, finished goods and related information from point of origin to point of consumption for the purpose of conforming to customer requirements.

What are the 7 R’s of logistics?

The 7 Rs’ of Logistics Services in India

  • Right Product. Logistics services in India should have complete information about the kind of product they are going to ship.
  • Right Customer. Every logistics service provider in India must know its target audience.
  • Right Quantity.
  • Right Condition.
  • Right Place.
  • Right Time.
  • Right Cost.

What do you mean by three objectives of logistics strategy?

The logistics strategy comprises three objectives (i) cost reduction, (ii) capital reduction, and (iii) service improvement. Technology can also be used to reduce the variable cost of logistics. Capital reduction is a strategy devoted towards minimizing the level of investment in the logistical system.

What are the three types of logistics?

Types of Logistics

  • Logistics Fields.
  • Procurement Logistics: Procuring Raw Materials and Parts.
  • Production Logistics: Materials Management, Distribution in Factories, Product Management, Shipping.
  • Sales Logistics: Delivery from Warehouse to Wholesalers, Retailers, and Consumers.

What are three methods for managing logistics?

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

  • Supply Management and Logistics.
  • Distribution and Material Movement.
  • Production Logistics and Management.
  • Reverse Logistics and Product Return.

What are the key activities of logistics?

Logistics activities or Functions of Logistics

  • 1) Order processing.
  • 2) Materials handling.
  • 3) Warehousing.
  • 4) Inventory control.
  • 5) Transportation.
  • 6) Packaging.
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What is logistics performance measurement?

A logistics KPI or metric is a performance measurement that is used by logistics managers to track, visualize and optimize all relevant logistic processes in an efficient way. Among others, these measurements refer to transportation, warehouse and supply chain aspects.

What are some of the common methods and measures utilized to measure logistics performance?

10 logistics metrics to measure supply chain efficiency in your warehouse

  • On-Time Shipping.
  • Warehouse Capacity.
  • Accurate Order Fulfillment.
  • Properly Storing Incoming Product.
  • Peaks in Warehouse Capacity.
  • Total and Individual Cycle Times.
  • Damaged Products.
  • Employee Turnover Rate.

What is internal performance?

Internal performance measures are used to assess and monitor the internal operation of an organization. These are essentially measures of processes. As these measures are often directly related to specific activities they can be used for identifying opportunities for improvement.

Which of the following is an objective of logistics quizlet?

The objectives of logistics strategy are to minimize cost, maximize investment, and to maximize customer service. Time horizon is an important difference among the three levels of logistical planning which are strategic, tactical, and operational.

Which of the following is one of the main functions of logistics?

The roles of logistics feature transportation/delivery, storage, packaging, cargo handling, distribution processing, and information processing, and many systems have been put in place to deliver products from the production location or factory to the consumer quickly and on time.

What is logistics management quizlet?

logistics management. part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet customers’ requirements.

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