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Transportation consolidation has been described as the "last frontier" of logistics
savings opportunities.
Answer:
There are four possible ways to transmit orders.
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Internal sources of logistics information are not always as plentiful as might be desired.
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Marginal analysis recognizes that all inventories should not be managed in the same
way.
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Materials handling has been referred to as transportation at zero miles per hour.
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One prominent drawback to radio-frequency identification (RFID) involves privacy
concerns.
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In the United States, the Warehousing Safety Administration has primary responsibility
for warehousing safety practices.
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Logistics offers many companies an important route for creating marketing superiority.
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Today, computer hardware is a larger barrier than computer software to
interorganizational collaboration.
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Procurement refers to the raw materials, component parts, and supplies bought from
outside organizations to support a company's operations.
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Productivity can be defined as the amount of output divided by the amount of input.
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A routing guide can provide a variety of shipment-related information such as shipment
preparation and a list of preferred carriers for shipment moving between two points.
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Cargo preference rules indicate how each shipment should be loaded into a transport
vehicle.
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Inventory turnover can be calculated by dividing costs of goods sold by average
inventory.
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Twelve feet of water is the minimum depth required for most barges.
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It is better for a logistics manager to be a generalist rather than a specialist.
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High inventory turnover indicates that a company is taking longer to sell its inventory.
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Supply chain management requires companies to adopt an enterprise-to-enterprise point
of view.
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Return on assets equals net profit margin times asset turnover.
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Transportation companies that have implemented global positioning systems have
reported increased worker productivity, reduced operating costs, and improved
customer relations.
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Supplier parks refer to places where main component makers locate in specially created
industrial complexes adjacent to assembly plants. (True)
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The trade-off that exists between carrying costs and ordering costs is that they respond
in opposite ways to the number of orders or size of orders.
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A poor facility location can increase transportation costs, but has minimal impact on
customer service. (False)
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The ratio of merchandise exports to gross world product is currently approximately
20%.
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With respect to commodity flows, logisticians are especially interested in what is being
produced and where it is being produced. (False)
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Strategy can be formulated at a corporate level, a business unit level, and a functional
level.
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Pick-to-light technology is an order picking technique that has grown in popularity in
recent years.
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Excess capacity, or unused available space, can be unproductive because it may result
in the purchase of additional equipment or space.
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Investment recovery identifies opportunities to recover revenues or reduce costs
associated with scrap, surplus, obsolete, and waste materials.
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A storage facility with low rates of product turnover should be laid out in a manner that
maximizes utilization of the cubic capacity of the storage facility.
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In make-to-order situations, finished goods are produced after receiving a customer
order.
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In demurrage-related averaging agreements, slow equipment returns can be offset by
fast equipment returns.
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Procurement's costs often range between 40 " 60% of an organization's revenues.
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Consignees are ____.
a. extremely large less-than-truckload carriers
b. shippers of freight
c. receivers of freight
d. preferred suppliers
Answer:
____ combines technology with manual employee effort to identify trends, perform
comparisons, and highlight opportunities in supply chain processes, even when large
amounts of data are involved.
a. data mining
b. supply chain analytics
c. benchmarking
d. environmental scanning
Answer:
Which of the following is not an example of a lean inventory approach?
a. just-in-time
b. collaborative planning, forecasting, and replenishment
c. efficient consumer response
d. quick response
e. all of the above are lean inventory approaches
Answer:
Which concept refers to the storage of finished product and movement to the customer?
a. supply chain management
b. business logistics
c. physical distribution
d. materials management
Answer:
A ____ specifies the country (ies) in which a product is manufactured and can be
required by governments for control purposes or by an exporter to verify the location of
manufacture.
a. commercial invoice
b. waybill
c. certificate of origin
d. shipper's export declaration
Answer:
Which of the following statements is false?
a. clean and sanitary warehousing facilities can have a positive impact on morale
b. one suggestion for warehouse sanitation is to clean the facility at least once a day
c. warehousing cleanliness and sanitation can be facilitated by putting product at the
back of a facility where it is out of the way
d. clean and sanitary warehousing facilities can reduce employee turnover
e. all of the above are true
Answer:
Which of the following is not a potential benefit associated with procurement cards
(p-cards)?
a. a reduced number of invoices
b. users can make purchases in a more timely fashion
c. suppliers can be paid in a more timely fashion
d. ability to use them in non-domestic markets
e. all of the above are potential benefits
Answer:
How does the weighted center-of-gravity approach to location analysis differ from the
center-of-gravity approach to location analysis?
a. the weighted approach considers real estate taxes
b. the weighted approach is less complicated
c. the weighted approach considers shipment volume
d. the weighted approach considers tapering rates
Answer:
U.S. News & World Report suggests that logistics employment should increase by ____
percent through 2018.
a. 10
b. 15
c. 20
d. 25
Answer:
The balanced scorecard approach is based on the belief that management should
evaluate their business from ____ distinct perspectives.
a. two
b. three
c. four
d. five
Answer:
The Logistics Performance Index ____.
a. was created in recognition of the importance of logistics in international trade
b. measures a company's logistics cost as a percentage of its total cost
c. compares inventory turnover for major retailers
d. applies the Balanced Scorecard approach to international logistics activities
Answer:
Dead inventory (dead stock) refers to a product for which there is no sales during a
____ month period.
a. three
b. six
c. twelve
d. twenty-four
Answer:
Inventory shrinkage ____.
a. is another name for inventory turnover
b. refers to the fact that more items are recorded entering than leaving warehousing
facilities
c. refers to situations where the size and/or volume of inventory is decreased over time
d. refers to a technique of stabilizing unit loads by using shrink wrap packaging
Answer:
Which of the following is not a way to reduce inventory levels?
a. smaller, more frequent orders
b. use of premium transportation
c. supply-push replenishment
d. elimination of slower-moving products
e. all of the above are ways to reduce inventory levels
Answer:
A brownfield is ____.
a. a term for where crushed boxes are stored before recycling
b. a term that refers to a potential site that has no trees needing to be cleared before
construction
c. a property for which use and redevelopment is complicated by past use
d. an airport that lacks paved runways
e. none of the above
Answer:
A ____ is similar in nature to a domestic bill of lading and summarizes the entire
transaction.
a. certificate of origin
b. commercial invoice
c. shipper's letter of instruction
d. shipper's export declaration
e. none of the above
Answer:
In general, the ____ measures the profitability of the products and/or services provided
by a company.
a. balance sheet
b. strategic profit model
c. balanced scorecard
d. income statement
Answer:
____ refers to the sum of the gross domestic product of all countries.
a. net world product
b. world net income
c. gross world product
d. gross world income
Answer:
Procurement costs often range between ____ of an organization's revenues.
a. 60-80%
b. 50-70%
c. 40-60%
d. 30-50%
Answer:
The center-of-gravity approach to location analysis minimizes ____.
a. labor costs
b. warehousing costs
c. real estate taxes
d. distance to existing facilities
Answer:
How many countries in the world do not currently use the metric system of
measurement?
a. five
b. three
c. two
d. zero
Answer:
What has emerged as the measuring stock for logistics information technology in the
21st century?
a. Facebook
b. the Internet
c. wireless communication
d. enterprise resource planning systems
Answer:
All of the following statements about logistics information systems are true, except:
a. "timely" can refer to the up-to-date status of information
b. internal sources of logistics information are relatively plentiful
c. "timely" can refer to how quickly a manager receives requested information
d. a LIS must be concerned with the nature and quality of data
e. all of the above are true
Answer:
A general rule of thumb is that the services received represent only about ____ percent
of the taxes paid.
a. 60
b. 50
c. 40
d. 30
Answer:
Turnover rates for expatriate workers current run between ____ percent.
a. 10 and 20
b. 15 and 25
c. 20 and 40
d. 25 and 45
Answer:
____ collaborations offer the best opportunity for improving supply chain performance.
a. transactional
b. tactical information sharing
c. strategic
d. operational
Answer:
____ materials have no economic value.
a. waste
b. scrap
c. obsolete
d. excess
Answer:
Which of the following is not a level at which strategy can be formulated?
a. corporate
b. business unit
c. functional
d. all of the above are levels at which strategy can be formulated
Answer:
An invoice submitted by the carrier requesting to be paid is ____.
a. a freight bill
b. a bill of lading
c. a carnet
d. dunnage
Answer:
The four basic components of the marketing mix include all of the following except:
a. price
b. production
c. place
d. promotion
Answer:
____ stock refers to inventory that is en route between various nodes in a logistics
system.
a. base
b. safety
c. speculative
d. cycle
e. none of the above
Answer:
Which of the following is false?
a. freight claims must be filed within nine months of the delivery date
b. concealed loss and damage is a delicate area for shippers and carriers
c. the volume of freight claims activity has dropped since transportation deregulation
d. shippers or carriers are entitled to a product's full retail value when filing a freight
claim
e. all of the above are true
Answer:
Taking into account all the factors listed in Questions 1, 2, 3, and 5, calculate Low's
EOQ for kegs of nails.
Answer:
Do you agree that supply chain collaboration can be classified as transactional, tactical
information sharing, or strategic in nature? Why?
Answer:
What do you suggest should be done to bring moral values into the situation so that the
developing countries are somewhat in accordance with Western standards? Keep in
mind that the risks involved in such environments are much higher than the risks of
conducting business in Western markets. Also, note that some cultures see bribery as a
way to better distribute wealth among their citizens.
Answer:
How does logistics contribute to time and place utility?
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Explain how an understanding of logistics management could be relevant to your
favorite charitable organization.
Answer:
A centralized logistics organization generally results in better customer responsiveness
than a decentralized logistics organization.
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Describe the hierarchical and matrix organizational design.
Answer:
What are four key enablers of supply chain management?
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Discuss some key considerations associated with warehouse automation.
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Discuss the drawbacks to rail transportation.
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What are some types of complexity that are affecting logistics activities in a firm?
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The majority of Fortune 500 companies employ a chief logistics officer.
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Discuss the various options that are available to parcel shippers.
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What are the major parts of a balanced scorecard? Why are these parts needed?
Answer:
What is a free trade zone? What functions might be performed in it?
Answer:
Discuss some of the ways that inventory can be reduced in the supply chain.
Answer:
Why is it important to recognize that labeling requirements may differ from country to
country?
Answer:
