Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Dec 02, 2022

Explain the term logistics from a supply chain management perspective and why logistics is so important?

Step by Step Solution

★★★★★

3.38 Rating (151 Votes )

There are 3 Steps involved in it

Step: 1

Logistics is an essential component of supply chai... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Process

Authors: Lee Long

4th Edition

978-0201822939,0201822938

More Books

Students also viewed these Finance questions

Question

★★★★★

Explain from a supply chain management perspective, why Wal-Mart is so successful while other retailers in the business such as K-Mart have failed?

Answered: 1 week ago

Question

★★★★★

Why it is so important to have a thorough understanding of cost? Direct costs associated with the patient, and this includes medications, specialized services, as well as indirect costs that are...

Answered: 1 week ago

Question

★★★★★

Why is logistics so important for successful supply chain management?

Answered: 1 week ago

Question

★★★★★

On the accompanying graph, draw the consumption function C = $200 + 0.75YD. (a) At what level of income do households begin to save? Designate that point on the graph with the letter A. (b) By how...

Answered: 1 week ago

Question

★★★★★

Following are the four assertions about account balances that can be applied to the audit of a companys PP& E, including assets the company has constructed itself: existence, rights and obligations,...

Answered: 1 week ago

Question

★★★★★

Economists say that individuals make decisions at the margin. What does this mean?

Answered: 1 week ago

Question

★★★★★

Explain why the number of explanatory variables in a multiple regression model should not exceed 10% of the number of observations used to fit the model.

Answered: 1 week ago

Question

★★★★★

Christina Reis is a photographer who owns Lola Lemon Photography. This is the first month of operations. The following are the transactions for the month of September. a. On September 1, Reis...

Answered: 1 week ago

Question

★★★★★

Answered: 1 week ago

Question

★★★★★

ABC Framing has been hired to frame a light commercial building. The project began on July 2 and was completed on August 9. The following is a list of accounting transactions associated with the...

Answered: 1 week ago

Question

★★★★★

Please help on the 4 Questions Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2020, and from its March 31, 2020, balance sheet to...

Answered: 1 week ago

Question

★★★★★

1. BaCo opens its business in 20X2 and purchases merchandise on account for $88,000. In 20X2, BaCo pays $67,000 cash on the $88,000 due, sales are $145,000, and ending inventory is $24,000. BaCo's...

Answered: 1 week ago

Question

★★★★★

Miller Company's contribution format income statement for the most recent month is shown below: Total Sales (25,800 units) Variable expenses $ 232,200 139,320 Contribution margin 92,880 Per Unit $...

Answered: 1 week ago

Question

★★★★★

Tired of her current home's high electric bills, Sandra decides that her next home will have oil heat, but she is concerned about the liability hazards this might involve. To avoid a major pollution...

Answered: 1 week ago

Question

★★★★★

For simple orders (e.g., additional handsets or equipment), or when a customer has its own technical team to determine the necessary equipment, Company A's sales team verifies that the goods are...

Answered: 1 week ago

Question

★★★★★

The following information refers to parts 1-5 below, select the right answer from the drop-down menu and answer the compute questions. Consider a three-period (0, 1, and 2) binomial time-state model...

Answered: 1 week ago

Question

★★★★★

Exercise 121 Fill in the dollar changes caused in the Investment account and Dividend Revenue or Investment Revenue account by each of the following transactions, assuming Crane Company uses (a) the...

Answered: 1 week ago

Question

★★★★★

For what reason might an exporter use standard international trade documentation (letter of credit, draft, order bill of lading) on an intrafirm export to its parent or sister subsidiary?

Answered: 1 week ago

Question

★★★★★

How can firms make use of excess capacity?

Answered: 1 week ago

Question

★★★★★

What are the advantages and disadvantages of centralized and decentralized warehousing systems? Which type do you think Wal-Mart should have?

Answered: 1 week ago

Question

★★★★★

Could self-service websites be used in place of call centers?

Answered: 1 week ago

Question

★★★★★

What were the groups goals? a. What were the groups instrumental goals? Any conflicts over them? b. What were the groups relationship goals? Any conflicts over them? c. What were the groups identity...

Answered: 1 week ago

Question

★★★★★

What stages did your group progress through (forming, storming, norming, performing, termination)?

Answered: 1 week ago

Question

★★★★★

Did any intractable issues arise? (Fueled by dislike of other nations; central to conflicting nations worldviews? Conflict over who is right and who is wrong? Couldnt get past the issue?)

Answered: 1 week ago

Previous Question Next Question