Which statements are correct? ()
A. System concept is a decision-making strategy that emphasizes overall system efficiency rather than the efficiency of the individual part of the system.
B. Transportation also adds value to the product by providing time and place utility for the firm’s goods.
C. The main responsibility of procurement department is supplier selection and evaluation
D. Globalization has little effect on consumers.
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By production process,inventory can be classified: ()
A. Work-in-process
B. Finished goods
C. Raw materials, components and packaging stocks
D. Cycle stock
Which statements are correct for inventory availability? ()
A. it is the capability to have inventory when desired by a customer.
B. It Is the most common measurement of customer service.
C. It considers cases shipped per person
D. It is the most common measurement for production.
Which are main operational activities in the warehouse? ()
A. Order picking
B. goods receiving
C. Storage
D. Sales
The most efficient logistics systems are always comprised of each system component operating at its lowest possible cost.( )
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