Logistics and Data Science Practice Quiz - Business 101 practice quiz 2

Explain the right answer as well as the wrong answer also. 1. Which one was NOT one of the characteristics of the "early days" of logistics? Select one: a. An emphasis on making sure that the goods arrived in good condition b. An emphasis on low-cost transportation c. Long transit times d. An emphasis on customer satisfaction 2. Use the following information and a decision tree to complete this question. You DO NOT have to include a drawing of the decision tree with your answer, but you DO have to include your calculations and text explaining what you are doing for each of your options/decisions. Long after its original release, The Disney Corporation is thinking about taking its hit Broadway musical, The Lion King on tour again, this time in London, England. It has made the following calculations. The tour would cost $12 million. There is a 30% chance that the tour will generate $20 million in revenue. There is a 70% chance that the tour will earn $10 million in revenue. 1) What is…

How to developed a research on mass customization logistics, its definitions,  findings, cases and conclusion

In e-commerce, there are 8 unique features. Choose 4 most important features and justify their importance with examples

"Performance measurement for logistics managers is relatively recent. Their focus was previously directed toward other managerial activities." explain the position ?

(a) There are many types of airlines involved in the air cargo business. Think of an airline that you are familiar with. Determine the characteristics of this airline (e.g. aircraft fleet, services provided, products, service quality and service coverage) and its classification by the air cargo business. b) With reference to the same airline, critique on three (3) key challenges the airline is likely to face in terms of managing its revenue.

"Performance measurement for logistics managers is relatively recent. Their focus was previously directed toward other managerial activities." Do you agree or disagree with these statements? Explain your position.

Customer service is often regarded as the main link between logistics and marketing. Dissect the design of this interface and how it can evolve.

Explain the logistics performance index ? How can it be used ?

a logistics and supply chain management student you have completed key aspects of the discipline throughout your qualification, namely sustainable supply chain management, warehouse management, purchasing management and strategic supply chain management. This question requires you to reflect on your knowledge and understanding of supply chain management. You are required to write a one-page report where you reflect on: • The role of supply chain management as a critical component of management. • Your opinion of supply chain management in creating a competitive advantage for an organisation. • Your experience of learning the discipline of supply chain management. • What were your challenges and difficulties when engaging with supply chain management related content? • Which component within the supply chain discipline you enjoyed learning about the most and could this be a potential career path? Why or why not?

What is the systems approach to problem solving? How is this concept applicable to logistics.

A detailed plan of a transportation system.

What is customer profitability analysis and how might it beused in logistics?

Timberland Company is one of the world's best known manufacturers of casual shoes and sports boots. For many years the company created a successful channel of distribution by managing their logistical systems that were geared to large orders sold to major department stores and retail chains. However, market reports indicated that consumers were shopping in increasing numbers at small independent retailers and boutiques for the kinds of high -quality shoes and boots sold by Timberland. Therefore Timberland faced the problem of how to service the large numbers of small retailers with their much smaller orders while still maintaining high levels of efficiency and low order processing costs. To meet this challenge, Timberland reengineered its logistical system by using modern scanning equipment to control inventory, track merchandise and handle all paperwork automatically. Discuss the differences between channel management and logistics management. Does this situation illustrate the…

Read the given scenario and answer the following. Use separate heading to answer each point. The maximum limit of words-count in each part is 300 words.  Explain time utility and place utility in the context using 7 R’s of logistics. Identify the drivers of logistics.   A Rose Is a Rose, but Only If It Is Fresh Supply chains for food and flowers must be fast, and they must be good. When the food supply chain has a problem, the best that can happen is the customer does not get fed on time; the worst that happens is the customer gets food poisoning and dies. In the floral industry, the timing and temperature are also critical. Indeed, flowers are the most perishable agricultural item—even more so than fish. Flowers not only need to move fast, but they must also be kept cool, at a constant temperature of 33 to 37 degrees. And they must be provided preservative-treated water while in transit. Roses are especially delicate, fragile, and perishable. Eighty percent of the roses sold in…

Write the difference between logistics management and supply chain management.