Question 1a what do you understand by the term logistics, Ask an Expert

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QUESTION 1

(a) What do you understand by the term Logistics Management?

(b) What are the three types of costing which come under storage?

QUESTION 2

(a) Explain why are effective supply chain strategies essential to the performance of most businesses

(b) Write brief notes on the following terms, within the supply chain process:

1. Supply chain trade-offs

2. Buy-ins

3. Causes of Strategy Failure

4. Measuring results

QUESTION 3

(a) Distinguish between Measures and Metrics.

(b) What are the properties of good metrics?

QUESTION 4

Describe the factors that influence the work of a logistics company? Discuss in details while considering the use of Scorecards

QUESTION 5

(a) Logistics benchmarking is an important endeavor companies need to take on. Through this, it becomes easier to get ahead of your competitors in your arena

Elaborate on this statement while clearly explaining the steps which a company could adopt

(b) Clearly explain the meaning of the term Reverse Logistics?

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