In the recent years - the major gain in logistical efficiency have come from which one of the following? 

1. Advances in Information Technology

2. Reduction in petroleum prices

3. Fast order processing

4. Increase in production of commercial vehicles 

This question was previously asked in
UGC Paper 2: Commerce 6th Dec 2019 Shift 2
View all UGC NET Papers >
  1. 1
  2. 2
  3. 3
  4. 4

Answer (Detailed Solution Below)

Option 1 : 1
Free
UGC NET Paper 1: Held on 21st August 2024 Shift 1
10.8 K Users
50 Questions 100 Marks 60 Mins

Detailed Solution

Download Solution PDF

Logistical efficiency pertains to the process of how effectively a business conducts operations. This relates to all areas of the operation that include transportation, warehousing, and overall distribution in general. A business with good logistics can keep track of product shipments and move products or information quickly to the correct locations. 

quesImage56

  1. A customized information management system has maximum contribution in an efficient logistical system as it benefits the business in a range of areas including warehouse management, supply chain management, order tracking, inventory management, and accurate delivery of customers’ orders. 
  2. Automating the business process using proficient software technologies helps to increase the efficiency of business management and helps to achieve higher productivity and it also reduces the overall cost of running a company. In logistics management, the business process software plays a major role.
  3. It not only provides real-time updates regarding the procurement, delivery, and availability of the goods but also helps to maintain the accounts and employee details using the software.
  4. This saves a great amount of time because manual interference is reduced.

Therefore, In recent years - the major gain in logistical efficiency has come from advances in Information Technology.

Latest UGC NET Updates

Last updated on Jun 12, 2025

-> The UGC NET June 2025 exam will be conducted from 25th to 29th June 2025.

-> The UGC-NET exam takes place for 85 subjects, to determine the eligibility for 'Junior Research Fellowship’ and ‘Assistant Professor’ posts, as well as for PhD. admissions.

-> The exam is conducted bi-annually - in June and December cycles.

-> The exam comprises two papers - Paper I and Paper II. Paper I consists of 50 questions and Paper II consists of 100 questions. 

-> The candidates who are preparing for the exam can check the UGC NET Previous Year Papers and UGC NET Test Series to boost their preparations.

More Logistics Management Questions

Get Free Access Now
Hot Links: teen patti live teen patti master game master teen patti teen patti pro teen patti rummy