Murphy Questions

IBS 3134 - LOGISTICS AND WAREHOUSE MANAGEMENT, Dr. Setyawan Widyarto

True-False Questions 1. Absolute and relative logistics costs in relation to Gross Domestic Product vary from country to country. (p. 2) 2. The four general types of economic utility are production, possession, time, and place. (p. 3) 3. Logistics clearly contributes to time and form utility. (p. 3)

4. The current definition of logistics, as promulgated by the Council of Supply Chain Management Professionals, suggests that logistics is part of the supply chain process. (p. 4) Logistics is only concerned with forward flows, that is, those directed towards the 5. point of consumption. (p. 5) 6. The purpose of logistics is to maximize customer service. (p. 7)

7. In mass logistics, groups of customers with similar logistical needs and wants are provided with logistics services appropriate to those wants and needs. (p. 6) 8. Logistical principles apply only to for-profit organizations. (p. 6)

9. Reductions in economic regulation allowed individual transportation companies flexibility in pricing and service. (p. 6) 10. Market demassification suggests that an ever-increasing number of market segments have distinct preferences. (p. 7) 11. 8) The Internet has done little to improve logistical effectiveness and efficiency. (p.

12. Disintermediation refers the removal of intermediaries between producer and consumer. (p. 8) 13. Superior logistics is an essential component of corporate strategies for many power retailers. (p. 9) 14. Logistics has played a minor role in the growth of global trade. (p. 9)

15. The systems approach indicates that a company’s objectives can be realized by recognizing the mutual interdependence of the major functional areas of a firm. (p. 10) 16. Physical distribution is synonymous with materials management. (p. 10)

Questions based on the book Contemporary Logistics, 10/E , by Paul R. Murphy,Jr. Donald Wood. 2011, Prentice Hall.

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