Distribution Management Quiz #1 Pt 1

Front 1

Management

Back 1

The term implies as a function or a process with an objective to get things done and includes the sub functions of planning, organizing, staffing coordinating, controlling, budgeting reviewing, etc.

Front 2

Management

Back 2

Viewed as a process of motivating others to work and influencing others or exercising authority over others in order to achieve objectives.

Front 3

Logistic management

Back 3

Is a field of management which primarily deals with the coordination of resources in an organization.

Front 4

Logistic management

Back 4

Involves the coordination of many functions of the procurement of raw material, their handling and storage, the handling and storage of finished products and distribution.

Front 5

Logistic management

Back 5

Does away with the ambiguity in the definition of the responsibilities of individuals, units and departments in an organization.

Front 6

Physical distribution management

Back 6

Specifically concerned with the flow of goods through the economic system. In the business firm, the logistician is concerned with the inbound movement of goods to supply the production process of the firm.

Front 7

Transportation

Back 7

Is an essential or important component of physical distribution and the expenditure is also a very significant component of physical distribution.

Front 8

Inventory control

Back 8

The total costs on inventory must be minimized in order to control the total costs and maintains a minimal inventory level consistent with the needs of production and sales.

Front 9

Packaging

Back 9

It is essential that latest techniques and materials of packaging be known and used.

Front 10

Warehousing

Back 10

The optimal location of a warehouse is having regard to minimal transportation costs, customer service, level of inventories and company warehouse vs public warehouses are the issue to be decided.

Front 11

Material handling

Back 11

The benefits of material handling are not only confined to the manufacturer but to the consignee as well.

Front 12

Location analysis

Back 12

The plant location decision must be arrived considering various factors such as market area, existing transportation facilities/rates and warehousing.

Front 13

Order processing

Back 13

Is closely related to sales and production and the physical distribution department has to be careful about the need of interdepartmental coordination.

Front 14

Manager oriented mode

Back 14

The chief manager first determines the resources available with the organization. He determines based on his judgement as also of lower level managers, the quality, type quantum and location, etc. of goods/services which can be provided to the customer.

Front 15

Lead time

Back 15

Should be short, dependable and consistent.

Front 16

Dependability

Back 16

The customer should be confident that organization will not fail to supply of goods or render services at the right time and place.

Front 17

Communication

Back 17

The customer likes to know in case of non-deliveries in order to ensure his own planning.

Front 18

Total cost approach

Back 18

The cost of distribution involving all the move store activities of the product may be 60% of the total cost.

Front 19

Inventory costs

Back 19

These are the costs which are locked up in inventory of goods, insurance, occupation of space, pilferage, losses, damage etc.

Front 20

Warehousing costs

Back 20

The warehousing of raw materials steps up to the cost of their supply of the cost of distribution of finished product.

Front 21

Production/Supply costs

Back 21

Decrease with increase in volume of production. If the same product is made at several plants, various other costs such as cost of transportation, transit times, warehouses and inventory costs have to be considered.

Front 22

Channel of distribution costs

Back 22

A critical assessment of the channels of distribution calls for examination of the use of or creation of adequate facilities for storage at the plant or in field warehouses or with the distributor or stockist.

Front 23

Communication & Data processing costs

Back 23

An effective distribution system requires continuous monitoring of order pricing, inventory control, accounts receivable, dispatches etc.

Front 24

Transportation costs

Back 24

The cost of transport varies generally with speed with which the goods are transported.

Front 25

Material handling costs

Back 25

A suitable material handling system should be designed to reduce the cost of material handling to a minimum.

Front 26

Packaging costs

Back 26

Decision on packaging are affected by the mode of transport and material handling and equipment.

Front 27

Customer service costs

Back 27

All factors which affect customer service volume of sales have to be taken into consideration to evaluate the total cost of distribution.