Supply Chain Management

Category - Logistics

Logistics management is not required in which of the following industries?
  1. Insurance.
  2. Rock Music.
  3. Cotton Manufacturing.
  4. All of the above.
Explanation
Answer: D - This is easiest to imagine in a manufacturing company, but all of the other fields also use logistics management. When a rock band goes on tour, they carry huge amounts of equipment. Procurement buys everything, transport packs it and moves it to the next destination, receiving makes sure that everything arrives safely, warehousing keeps things safe, materials handling moves things to the stage, and location decides where to perform. An insurance company chooses what kind of branch network to have, where to find offices, who to purchase office equipment and other services from, how to convey information to customers, and so on.
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