Logistics Management, 2nd Edition

Annexure C

Multiple Choice Questions

Quiz 1

1. The ownership of inventory in the VMI (vendor-managed inventory) system lies with___.
   1. supplier
   2. purchaser
   3. logistics service provider
   4. insurance firm
2. Supply chain mapping means the study of___.
   1. logistics network
   2. activities sequence
   3. value and non-value-added activities
   4. cost reduction areas
   5. all the above
3. A good material-handling system will enhance the___in logistics.
   1. productivity potential
   2. efficiency
   3. delivery reliability
   4. speed to market
4. Components of the logistics mix are warehousing, transportation, packaging, inventor controls and___.
   1. material handling
   2. information flow
   3. strategic logistics
   4. reverse logistics
5. A material-handling system is selected on the basis of volumes to be handled, speed ...