Ch 12: Logistics & Insurance in Business

About This Chapter

Refresh your understanding of logistics, the supply chain and how insurance is used in risk management with these engaging lessons. You can access our lessons and quizzes on any mobile device or computer 24 hours a day to finish your homework or study for a test.

Logistics & Insurance in Business - Chapter Summary

These helpful lessons outline some of the common weak spots in the supply chain, including distribution, transportation and procurement. You'll also study warehouse management systems, which are used to help companies keep track of their inventory while it waits in the warehouse. After completing this chapter, you will be able to do the following:

  • Describe the strengths and weaknesses in supply chain transportation
  • Detail some of the kinds of business insurance available
  • Identify the most common method of risk management in business

Even the toughest concepts are made easy with this helpful chapter. Professionally designed text and video lessons explain the most important topics and are accompanied by multiple-choice quizzes you can use to test your comprehension. If you need to go back and review a topic from one of the videos, skip ahead using the video tabs feature rather than watch the whole video over again.

5 Lessons in Chapter 12: Logistics & Insurance in Business
Test your knowledge with a 30-question chapter practice test
Supply Chain Modes of Transportation: Strengths & Weaknesses

1. Supply Chain Modes of Transportation: Strengths & Weaknesses

Supply chain managers are spoiled for choice when it comes to moving goods around. However, not all modes are created equal. In this lesson, you'll learn about some of the most common forms of transportation and their strengths and weaknesses.

How Procurement, Transportation & Distribution Affect the Supply Chain

2. How Procurement, Transportation & Distribution Affect the Supply Chain

Even the best-planned supply chains are vulnerable to changes in procurement, transportation, and distribution. In this lesson, we look at how each of those can wreak havoc on your supply chain.

Warehouse Management Systems: Types & Benefits

3. Warehouse Management Systems: Types & Benefits

For many companies, goods sit in warehouses before they are sold. In this lesson, we'll look at how companies keep track of their inventory in warehouses using warehouse management systems.

Insurance for Businesses: Uses & Importance

4. Insurance for Businesses: Uses & Importance

The lesson will discuss why insurance for businesses should be considered a necessity. We'll also talk about various types of business insurances, such as property insurance, liability insurance, and worker's compensation.

Understanding Insurance Policies and Risk Management

5. Understanding Insurance Policies and Risk Management

Obtaining insurance is one of the most common methods of risk management. In this lesson, you'll learn about insurance policies and some key concepts related to insurance. You'll also have a chance to take a short quiz.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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