Lesson 2

Question 1

is the management of all processes that facilitate the transformation of raw materials into a business’s final product

Answer 1

Supply chain management or SCM

Question 2

includes all activities from sourcing raw materials and services necessary for the production of value, to delivering the finished product or service to the end customer

Answer 2

Supply chain management or SCM

Question 3

is the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption

Answer 3

Logistics

Question 4

is moving whatever comes out of one location to the next location

Answer 4

Transportation

Question 5

is to facilitate the movement of goods

Answer 5

Role of transport

Question 6

the source of destination may be in the same country, or one may be in a different country requiring international movement

Answer 6

the role of transport in logistics

Question 7

logistics includes the integrated planning, control, realization, and monitoring

Answer 7

according to the council of logistics management

Question 8

one of the primary processes of logistics

Answer 8

inbound logistics

Question 9

from suppliers to manufacturing or assembly plants, warehouse, or retail stores

Answer 9

inbound logistics

Question 10

process related to the storage and movement of the final product

Answer 10

outbound logistics

Question 11

related information flows from the end of the production line to the end user

Answer 11

outbound logistics

Question 12

is a category of software that helps in planning and executing the physical movements of goods

Answer 12

transportation management system or TMS

Question 13

is often a component of a larger SCM (supply chain management) system

Answer 13

TMS

Question 14

customers today want lightning-fast delivery

Answer 14

better customer service

Question 15

comes to warehouse efficiency, the more you use your transportation management systems, the less time you spend managing freight and the more time you have to work on other tasks

Answer 15

improved warehouse productivity

Question 16

is a software used by a company to manage key parts of operations, including accounting and resource management

Answer 16

enterprise resource planning (ERP)

Question 17

you can keep track of where shipments are at all time

Answer 17

tracking deliveries

Question 18

companies can keep tabs on their order and shipping lifecycles in real-time with the help of a reliable TMS solution

Answer 18

inventory management

Question 19

when it comes to minimizing shipping expenses, good transportation management software may make a huge difference

Answer 19

lower shipping cost

Question 20

transparency across the whole supply chain is possible with todays TMS solution

Answer 20

supply chain visibility

Question 21

optimized routing has never been more critical than today, thanks to shorter order cycles and smaller cargo quantities

Answer 21

enhanced routing capabilities

Question 22

becomes more efficient as transportation planning and execution become more predictable

Answer 22

aligned dock scheduling

Question 23

the use of transportation management systems helps to improve the accuracy of shipping to a great extent

Answer 23

accurate order fulfilment

Question 24

using the TMS save you both time and money because it will automate all your accounts

Answer 24

minimal documentation