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Global Logistics Exam 2

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Test sobre Global Logistics Exam 2, creado por Izumi Colquitt el 16/10/2018.
Izumi Colquitt
Test por Izumi Colquitt, actualizado hace más de 1 año
Izumi Colquitt
Creado por Izumi Colquitt hace más de 5 años
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Resumen del Recurso

Pregunta 1

Pregunta
Logistics managers can contribute to the success and benefit from involvement in supply chain management.
Respuesta
  • True
  • False

Pregunta 2

Pregunta
Logistics decisions are only made on the tactical and operational level.
Respuesta
  • True
  • False

Pregunta 3

Pregunta
Which Operational function does NOT pertain to logistics?
Respuesta
  • Packaging & Handling
  • Customer Service
  • Order Processing
  • Purchase Order Processing
  • None of the above

Pregunta 4

Pregunta
Goals and objectives of individual supply chain participants don't need to be compatible with the goals and objectives of other participants.
Respuesta
  • True
  • False

Pregunta 5

Pregunta
Successful Supply Chains ___________
Respuesta
  • Always use S&OP to align objectives
  • Employ the services of a 3PL to coordinate their complex supply chain
  • Maintain a systems approach across all organizations in the supply chain
  • Make use of efficient logistics functions in every stage from suppliers to customers.
  • None of the above

Pregunta 6

Pregunta
Which of the following is not a SCM process framework?
Respuesta
  • Supply Chain Operations Reference (SCOR)
  • Global Supply Chain Forum (GSCF)
  • Sales and Operations Plannig (S&OP)
  • Process Classification Framework (PCF)
  • All of the Above are SCM process frameworks

Pregunta 7

Pregunta
Which of the following is NOT part of the Supply Chain Operations Reference Model (SCOR)?
Respuesta
  • Plan
  • Purchase
  • Source
  • Return
  • Enable

Pregunta 8

Pregunta
In regards to the SCOR model, which step involves logistics considerations
Respuesta
  • Plan
  • Source
  • Make
  • Enabling
  • All of the above

Pregunta 9

Pregunta
Which of the following are enablers of Supply Chain Management Implementation?
Respuesta
  • Customer Power
  • Relationship Structure
  • Leveraging Technology
  • Supply Chain Facilitators
  • All of the above

Pregunta 10

Pregunta
Information has affected customer power by allowing customers to become highly knowledgeable about and organization and its competitors and their products.
Respuesta
  • True
  • False

Pregunta 11

Pregunta
Agile Supply Chains emphasize a speed and time component.
Respuesta
  • True
  • False

Pregunta 12

Pregunta
The need for fast and agile supply chains resulted in some e-commerce firms to begin offering say-day delivery services in select markets.
Respuesta
  • True
  • False

Pregunta 13

Pregunta
Which of the following is a quality of customer-centric supply chains?
Respuesta
  • Factory driven, push orientated
  • Focused on internal cost metrics such as labor and freight costs
  • Concerned with metrics that are concentrated in scope
  • Pull-orientated
  • None of the above

Pregunta 14

Pregunta
Which of the following is not part of a perfect order?
Respuesta
  • Simultaneous achievement of relevant customer metrics such as on-time delivery, damage free, and correct order quantity
  • Examines the total impact of an incorrect order in a single metric via a multiplier effect.
  • Metric has been shown to help diagnose problems within a supply chain and improve satisfaction.
  • Look at orders from the customer's perspective.
  • All of the above.

Pregunta 15

Pregunta
A lean supply chain may be more appropriate when customer demand is volatile, and customer requirements for variety are high.
Respuesta
  • True
  • False

Pregunta 16

Pregunta
Which term BEST defines the following approach? Way to focus part of one’s supply chain on a timely response to fluctuating customer orders and/or product variety and another part of the supply chain on leveling out the planning requirements to smooth production output
Respuesta
  • Lean
  • Agile
  • Hybrid
  • Leagility
  • None of the above

Pregunta 17

Pregunta
One aspect of inventory control that could be influenced by a lean approach is to move from a pattern of stops and starts to a continuous flow.
Respuesta
  • True
  • False

Pregunta 18

Pregunta
Reduced inventory may decrease susceptibility (vulnerability) to natural disasters
Respuesta
  • True
  • False

Pregunta 19

Pregunta
Which of the following is not a way to reduce the amount of inventory in the supply chain?
Respuesta
  • Smaller, more frequent orders
  • Premium transportation
  • Supply-push replenishment
  • Elimination or consolidation of slower-moving product
  • None of the above

Pregunta 20

Pregunta
Companies should consider employing a long-term as opposed to a short-term orientation with key supply chain members i.e. Suppliers, Customers, Intermediaries, Facilitators
Respuesta
  • True
  • False

Pregunta 21

Pregunta
Relationship Structures: A long-term orientation tends to be predicated on which relational exchange?
Respuesta
  • "What's in it for me?" Philosohpy
  • "What's in it for us?" Philosophy
  • "What's in for the customer?" Philosophy
  • "What's in it for the long-term?" Philosophy
  • All of the above

Pregunta 22

Pregunta
A Short-Term orientation tends to focus on transactional exchanges
Respuesta
  • True
  • False

Pregunta 23

Pregunta
Which of the following are attributes of relational exchanges?
Respuesta
  • Trust
  • Commitment
  • Joint investment
  • Shared benefits
  • All of the above

Pregunta 24

Pregunta
Supply chain collaboration refers to cooperative relationships between members of a supply chain—formal or informal—between companies and their suppliers or customers, established to enhance the overall business performance of all parties
Respuesta
  • True
  • False

Pregunta 25

Pregunta
Levels of Supply Chain Collaboration: In a transactional relationship type, what is an example of data exchanged?
Respuesta
  • Purchase orders; invoices
  • Order status; product prices
  • Forecasts; fulfillment processes
  • Share information before or after a purchase is made
  • All of the above

Pregunta 26

Pregunta
Levels of Supply Chain Collaboration: In a Tactical information sharing relationship type, what is an example of data exchanged?
Respuesta
  • Purchase orders; invoices
  • Order status; product prices
  • Forecasts; fulfillment processes
  • Share information before or after a purchase is made
  • All of the above

Pregunta 27

Pregunta
Levels of Supply Chain Collaboration: In a Strategic relationship type, what is an example of data exchanged?
Respuesta
  • Purchase orders; invoices
  • Order status; product prices
  • Forecasts; fulfillment processes
  • Share information before or after a purchase is made
  • All of the above

Pregunta 28

Pregunta
Levels of Supply Chain Collaboration: The following best defines which Supply Chain Collaboration relationship type? "Integrate and automate the flow of information to align with product flow"
Respuesta
  • Transactional
  • Tactical information sharing
  • Strategic
  • Lean
  • None of the above

Pregunta 29

Pregunta
The internet has no effect on inventories
Respuesta
  • True
  • False

Pregunta 30

Pregunta
Any logistics activity not performed in-house is representative of third-party logistics
Respuesta
  • True
  • False

Pregunta 31

Pregunta
Which of the following is true of a Fourth-party logistics provider (4PL)
Respuesta
  • Primary purpose is to ensure that various 3PLs are working toward relevant supply chain goals and objectives
  • Involve inbound and outbound transportation, carrier negotiation and contracting, and freight consolidation.
  • Any logistics activity not performed in-house is representative of fourth-party logistics
  • Must act on behalf of the largest firm in the supply chain
  • All of the above

Pregunta 32

Pregunta
Globalization is a possible barrier to supply chain management
Respuesta
  • True
  • False

Pregunta 33

Pregunta
Demand management can be defined as “the creation across the supply chain and its markets of a coordinated flow of demand.”
Respuesta
  • True
  • False

Pregunta 34

Pregunta
Which of the following pertains to Demand (sales) forecasting?
Respuesta
  • Refers to an effort to project future demand
  • Is a key component in demand management
  • Is helpful in make-to-stock situations
  • Is helpful in make-to-order situations
  • All of the above

Pregunta 35

Pregunta
Which of the following is not a basic type of demand forecasting model?
Respuesta
  • Judgmental
  • Time Series
  • Cause and effect (associative)
  • Sales and Operations Planning
  • All of the above

Pregunta 36

Pregunta
What basic type of demand forecasting model pertains to the following sentence? "It’s appropriate for short term forecasting, or stable demand trends"
Respuesta
  • Judgmental
  • Time series
  • Cause and effect (associative)
  • Sales and Operations Planning
  • All of the above

Pregunta 37

Pregunta
The following characterizes which of the three basic types of demand forecasting models? "This technique is very effective in considering external events like events promotion, pricing modifications, phase in/phase. Therefore, it’s appropriate for long-term forecasting"
Respuesta
  • Judgmental
  • Timer Series
  • Cause and effect (associative)
  • Sales and Operations Planning
  • None of the above

Pregunta 38

Pregunta
The moving average is a forecast that is the weighted average of previous demand (actual sales) and forecast levels.
Respuesta
  • True
  • False

Pregunta 39

Pregunta
Which of the following is NOT a dimension of demand planning
Respuesta
  • Product
  • Geography
  • Customer
  • Time Horizon
  • Supplier

Pregunta 40

Pregunta
Demand Planning: When using a Time-series technique, determining the forecast unit and level of aggregation is critical for the process.
Respuesta
  • True
  • False

Pregunta 41

Pregunta
A time series demand planning technique will determine a forecast of units based on a time dimension, product dimension, customer dimension, and geography dimension.
Respuesta
  • True
  • False

Pregunta 42

Pregunta
The introduction of computer forecasting software has completely eliminated forecast errors.
Respuesta
  • True
  • False

Pregunta 43

Pregunta
In general, it does not matter what type of demand forecasting technique is used.
Respuesta
  • True
  • False

Pregunta 44

Pregunta
The selection of forecasting technique(s) depends on only a select number of factors
Respuesta
  • True
  • False

Pregunta 45

Pregunta
Which of the following is the best way to determine the best demand forecasting technique?
Respuesta
  • Use the previous year's data to determine the best technique
  • Only use the most recent few weeks of data
  • Measure the standard error of the technique previously used
  • Trial and error
  • none of the above

Pregunta 46

Pregunta
Order management refers to management of the various activities associated with the order cycle
Respuesta
  • True
  • False

Pregunta 47

Pregunta
Order cycle refers to management of the various activities associated with the order cycle
Respuesta
  • True
  • False

Pregunta 48

Pregunta
The order to cash cycle is not included in an organization's order management model
Respuesta
  • True
  • False

Pregunta 49

Pregunta
What best describes the "Order Cycle"
Respuesta
  • The time it takes for a company to collect funds from the customer
  • the management of various activities associated with the order cycle
  • The time when a customer places an order to when goods are received
  • The time it takes a product to be transported from the supplier to the customer
  • All of the above

Pregunta 50

Pregunta
How many stages are involved in the order cycle?
Respuesta
  • 1
  • 2
  • 3
  • 4
  • 5

Pregunta 51

Pregunta
Order Management Which of the following is a stage of the order cycle?
Respuesta
  • Order transmittal
  • Order processing
  • Order picking and assembly
  • Order delivery
  • All of the above

Pregunta 52

Pregunta
Order Management ___________ Refers to the time from when a customer places an order until the seller receives the order
Respuesta
  • Order Transmittal
  • Order Processing
  • Order picking and assembly
  • Order delivery
  • All of the above

Pregunta 53

Pregunta
Order Managment __________ Refers to the time from when the seller receives an order until an appropriate location (i.e. warehouse) is authorized to fill the order
Respuesta
  • Order Transmittal
  • Order Processing
  • Order Picking and Assembly
  • Order Delivery
  • All of the above

Pregunta 54

Pregunta
Order Management The following steps describe which stage of the order cycle? Checking for completeness and accuracy A customer credit check Order entry into the computer system Marketing department credits salesperson Accounting department records transaction Inventory department locates nearest warehouse to customer and advises them to pick the order Transportation department arranges for shipment
Respuesta
  • Order Transmittal
  • Order Processing
  • Order Picking and Assembly
  • Order Delivery
  • All of the above

Pregunta 55

Pregunta
Order Management The following describes which stage of the order cycle? Includes all activities from when an appropriate location is authorized to fill the order until goods are loaded aboard an outbound carrier
Respuesta
  • Order Transmittal
  • Order Processing
  • Order picking and assembly
  • Order delivery
  • All of the above

Pregunta 56

Pregunta
Order Management Order delivery often represents the best opportunity to improve the effectiveness and efficiency of an order cycle
Respuesta
  • True
  • False

Pregunta 57

Pregunta
Order Management Order picking and assembly can account for up to 2/3 of a facility's operating cost and time
Respuesta
  • True
  • False

Pregunta 58

Pregunta
Order Management Handheld scanners and/or Radio-frequency identification (RFID) are common technologies used in the order processing stage.
Respuesta
  • True
  • False

Pregunta 59

Pregunta
Order Management _____________ is the time from when a transportation carrier picks up the shipment until it is received by the customer.
Respuesta
  • Order Transmittal
  • Order Processing
  • Order Picking and Assembly
  • Order Delivery
  • All of the above

Pregunta 60

Pregunta
The variety of options in terms of transit time that are now available is a key delivery issue.
Respuesta
  • True
  • False

Pregunta 61

Pregunta
Transportation carriers are revamping their operations to provide faster transit times to customers
Respuesta
  • True
  • False

Pregunta 62

Pregunta
Customer service is simple for competitors to imitate
Respuesta
  • True
  • False

Pregunta 63

Pregunta
Which of the following best describes the following definition? “the ability of logistics management to satisfy users in terms of time, dependability, communication , and convenience.”
Respuesta
  • Dependability
  • Customer Service
  • The Order Cycle
  • Order Delivery
  • All of the above

Pregunta 64

Pregunta
Which of the following is NOT one of the four dimensions of customer service?
Respuesta
  • Time
  • Dependability
  • Communication
  • Convenience
  • All of the above

Pregunta 65

Pregunta
_______________ Focuses on the ease of doing business with a seller
Respuesta
  • Time
  • Dependability
  • Communication
  • Convenience
  • All of the above

Pregunta 66

Pregunta
The goal of communication in customer service is to keep the seller informed
Respuesta
  • True
  • False

Pregunta 67

Pregunta
Managing Customer Service Which of the following is NOT a specific customer service consideration
Respuesta
  • Establishing customer service objectives
  • Measuring customer service
  • Customer profitability analysis (CPA)
  • Service failure and recovery
  • All of the above

Pregunta 68

Pregunta
Managing Customer Service Objectives for establishing customer service should be specific, measurable, achievable, results-focused, and Time-Bound (S.M.A.R.T.)
Respuesta
  • True
  • False

Pregunta 69

Pregunta
Managing Customer Service Which of the following is NOT an objective for establishing customer service
Respuesta
  • General
  • Measurable
  • Achievable
  • Cost-effective
  • All of the above

Pregunta 70

Pregunta
Managing Customer Service A key issue regarding measuring customer service is determining data sources to be used.
Respuesta
  • True
  • False

Pregunta 71

Pregunta
Managing Customer Service Which of the following is NOT a key issue regarding measuring customer service?
Respuesta
  • Determining data sources to be used
  • Determining what factors to measure
  • Organizations must resist excessive measurement
  • Organizations have too much data
  • All of the above are key issues regarding measuring customer service

Pregunta 72

Pregunta
Managing Customer Service "Perfect order" and "On-time delivery" are measures for which customer service dimension?
Respuesta
  • Time
  • Dependibility
  • Communication
  • Convenience
  • All of the above

Pregunta 73

Pregunta
Managing Customer Service "Order cycle time" and "Inquiry response time" are measures for which customer service dimension?
Respuesta
  • Time
  • Dependability
  • Communication
  • Convenience
  • All of the above

Pregunta 74

Pregunta
Managing Customer Service "Customer complaints" and "Order status information" are measures for which customer service dimension?
Respuesta
  • Time
  • Dependability
  • Communication
  • Convenience
  • All of the above

Pregunta 75

Pregunta
Managing Customer Service "Return Process" and "Response to emergency situations" are measures for which customer service dimension?
Respuesta
  • Time
  • Dependability
  • Communication
  • Convenience
  • All of the above

Pregunta 76

Pregunta
Managing Customer Service "Perfect order" and "On-time delivery" are good measures for customer service dependability.
Respuesta
  • True
  • False

Pregunta 77

Pregunta
Managing Customer Service "Customer Complaints" and "Order status information" are good measures for customer service convenience.
Respuesta
  • True
  • False

Pregunta 78

Pregunta
"Activity Based Costing (ABC)" is the allocation of revenues and costs to customer segments or individual customers to calculate the profitability of the segments or customers
Respuesta
  • True
  • False

Pregunta 79

Pregunta
Customer Profitability Analysis (CPA) can help identify when an organization should pursue different logistical approaches for different customer groups.
Respuesta
  • True
  • False

Pregunta 80

Pregunta
An early delivery is an example of an order-related service failure
Respuesta
  • True
  • False

Pregunta 81

Pregunta
Which of the following is an example of an order related service failure?
Respuesta
  • An early delivery
  • An on time delivery
  • A perfect order
  • Customer's expected performance is met
  • None of the above

Pregunta 82

Pregunta
A Service Failure is a situation where actual performance does not meet the customer's expected performance
Respuesta
  • True
  • False

Pregunta 83

Pregunta
Which of the following is NOT true of "Service Recovery"
Respuesta
  • It is the process for returning a customer to a state of satisfaction after a service or product has failed to live up to expectations
  • Is usually inexpensive
  • May lead to customer loyalty
  • Can result in better performing organizations by learning from failure and implementing processes and policies to prevent reoccurrence.
  • All of the above

Pregunta 84

Pregunta
Service Recovery may lead to increases in customer loyalty
Respuesta
  • True
  • False

Pregunta 85

Pregunta
Inventory refers to stocks of goods and materials that are maintained for many purposes, the most common being to satisfy normal demand patterns.
Respuesta
  • True
  • False

Pregunta 86

Pregunta
Inventory management decisions don't differ for different functional areas of an organization.
Respuesta
  • True
  • False

Pregunta 87

Pregunta
Cycle stock refers to inventory that is held to guard against uncertainty in demand or lead time
Respuesta
  • True
  • False

Pregunta 88

Pregunta
Which of the following is NOT a reason to hold "Speculative Stock"
Respuesta
  • Seasonal demand
  • Projected price increases
  • Potential shortages of a product
  • Guard against the uncertainty in demand or lead time
  • All of the above

Pregunta 89

Pregunta
Psychic stock is inventory carried to stimulate demand
Respuesta
  • True
  • False

Pregunta 90

Pregunta
The following inventory classification refers to which of the following answer? inventory that is en route between various fixed facilities in a logistics system such as a plant, warehouse, or store.
Respuesta
  • Pipeline or in-transit stock
  • Speculative Stock
  • Cycle Inventory
  • Safety Stock
  • None of the above

Pregunta 91

Pregunta
The following inventory classification refers to which of the following answer? refers to inventory that is held for several reasons, including seasonal demand, projected price increases, and potential shortages of a product.
Respuesta
  • Cycle Stock
  • Safety Stock
  • Psychic Stock
  • Speculative Stock
  • None of the above

Pregunta 92

Pregunta
Buffer Stock refers to inventory that is held in addition to cycle stock to guard against uncertainty in demand or lead time.
Respuesta
  • True
  • False

Pregunta 93

Pregunta
Base stock refers to inventory that is needed to satisfy normal demand during the course of an order cycle.
Respuesta
  • True
  • False

Pregunta 94

Pregunta
Inventory costs in the twenty-first century represent approximately two-thirds of total logistics costs.
Respuesta
  • True
  • False

Pregunta 95

Pregunta
Which of the following is NOT an inventory cost?
Respuesta
  • Carrying Cost
  • Ordering Cost
  • Stockout Cost
  • Transportation Costs
  • All of the above

Pregunta 96

Pregunta
Inventory carrying costs is the cost associated with holding inventory
Respuesta
  • True
  • False

Pregunta 97

Pregunta
Stockout costs refer to those costs associated with ordering inventory, such as order costs and setup costs.
Respuesta
  • True
  • False

Pregunta 98

Pregunta
Which of the following is an example of a cost associated with "Ordering Costs"
Respuesta
  • Entering orders into the system
  • Obsolescence costs
  • Taxes
  • Handling costs
  • All of the above

Pregunta 99

Pregunta
Which of the following is an example of a "holding cost"
Respuesta
  • Inventory shrinkage
  • Cost of receiving an order
  • Conducting a credit check
  • Verifying inventory availability
  • All of the above

Pregunta 100

Pregunta
Which of the following is an example of an "Order Cost"
Respuesta
  • Cost of receiving an order
  • Conducting a credit check
  • Verifying inventory availability
  • Receiving a payment
  • All of the above

Pregunta 101

Pregunta
An increase in the number of orders leads to lower order costs but higher carrying costs
Respuesta
  • True
  • False

Pregunta 102

Pregunta
Costs respond in opposite ways to the number of orders or size of orders
Respuesta
  • True
  • False

Pregunta 103

Pregunta
Which of the following is the correct calculation for order costs?
Respuesta
  • # of orders per year x ordering cost per order
  • # of orders per year x total ordering cost per year
  • average inventory x carrying cost per unit cost
  • # of orders per year x ordering cost per SKU
  • None of the above

Pregunta 104

Pregunta
Which of the following is the correct calculation for Carrying costs?
Respuesta
  • # of orders per year x ordering cost per order
  • Average inventory x carrying cost per unit cost
  • # of orders per year x ordering cost per unit cost
  • Total inventory x carrying cost per unit cost
  • None of the above

Pregunta 105

Pregunta
There is a Trade-Off between Carrying and Ordering Costs
Respuesta
  • True
  • False

Pregunta 106

Pregunta
An increase in the number of orders leads to both higher order costs and higher carrying costs
Respuesta
  • True
  • False

Pregunta 107

Pregunta
Stockout cost is an estimated cost or penalty that is realized when a company is out of stock when a customer wants to buy an item.
Respuesta
  • True
  • False

Pregunta 108

Pregunta
Stockout costs don't involve a customer’s reaction to a company being out of stock.
Respuesta
  • True
  • False

Pregunta 109

Pregunta
Which of the following is considered a "Stockout Cost"
Respuesta
  • Cost when a company is out of stock when a customer wants to buy an item.
  • Costs of receiving an order
  • Verifying inventory availability
  • Obsolescence costs
  • All of the above

Pregunta 110

Pregunta
Which of the following types of customer is the most expensive in regards to stockout costs?
Respuesta
  • Brand-Loyal Customer
  • Switches and comes back
  • Lost Customer
  • New Customer
  • None of the above

Pregunta 111

Pregunta
The higher the probability of a delayed sale, the lower the average stockout costs and the lower the inventory that needs to be held by a company.
Respuesta
  • True
  • False

Pregunta 112

Pregunta
The lower the average cost of a stockout, the better it is for the company to hold some amount of inventory (safety stock) to protect against stockouts.
Respuesta
  • True
  • False

Pregunta 113

Pregunta
Higher inventory levels (higher carrying costs) result in lower chances of a stockout (lower stockout costs)
Respuesta
  • True
  • False

Pregunta 114

Pregunta
Which of the following is NOT a quality of Lean Manufacturing?
Respuesta
  • Focuses on the elimination of waste and the increase of speed and flow
  • Identifies seven major sources of waste including inventory
  • Just-in-time (JIT) is one of the best known lean inventory practices
  • Make-to-stock is one of the best known lean inventory practices
  • None of the above

Pregunta 115

Pregunta
Which of the following describes a "fixed order quantity system?"
Respuesta
  • Order a fixed amount of inventory
  • Orders can be placed at fixed time intervals
  • Necessary for efficient fixed order quantity system
  • The time interval is constant, but the order size may fluctuate
  • All of the above

Pregunta 116

Pregunta
In a Fixed order quantity system The time interval may fluctuate while the order size also fluctuates
Respuesta
  • True
  • False

Pregunta 117

Pregunta
In a Fixed order interval system: There is a higher stockout probability if sales increases quickly
Respuesta
  • True
  • False

Pregunta 118

Pregunta
Economic order quantity (EOQ): Deals with calculating the proper order size with respect to two costs: Costs of carrying the inventory & Costs of the ordering the inventory
Respuesta
  • True
  • False

Pregunta 119

Pregunta
The Economic Order Quantity (EOQ) Determines the point at which the sum of carrying costs and ordering costs is maximized, or the point at which carrying costs equal ordering costs
Respuesta
  • True
  • False

Pregunta 120

Pregunta
In the Economic Order Quantity Equation (EOQ) the variable "B" stands for:
Respuesta
  • Annual demand in units
  • Administrative costs per order of placing the order
  • Carrying costs of the inventory
  • Dollar value of the inventory per unit
  • None of the above

Pregunta 121

Pregunta
In the Economic Order Quantity Equation (EOQ) the variable "I" stands for:
Respuesta
  • Annual demand, in units
  • Administrative costs per order of placing the order
  • Carrying costs of the inventory
  • Dollar value of the inventory, per unit
  • None of the above

Pregunta 122

Pregunta
Safety stock can prevent against two problem areas Increased rate of demand Longer-than-normal replenishment
Respuesta
  • True
  • False

Pregunta 123

Pregunta
When fixed order quantity system like EOQ is used, time between orders stays constant
Respuesta
  • True
  • False

Pregunta 124

Pregunta
ABC Analysis of Inventory recognizes that inventories are not of equal value to a firm as such all inventory should not be managed in the same way
Respuesta
  • True
  • False

Pregunta 125

Pregunta
Dead inventory is a fourth category, D, to ABC analysis where D stands for “dogs”
Respuesta
  • True
  • False

Pregunta 126

Pregunta
Complementary Products are products that can be used to fill the same need or wants as another product
Respuesta
  • True
  • False

Pregunta 127

Pregunta
Which of the following is true of Vendor-Managed Inventory (VMI)?
Respuesta
  • Size and timing of replenishment orders are the responsibility of the manufacturer
  • Benefits for Distributors/Retailers: reduced inventories, fewer stockout, improved fill rate
  • Benefits for Manufacturers: improved forecasts (due to POS info), reduced ordering errors
  • Major barriers: inadequate data sharing, and slow user adoption to the new process
  • All of the above

Pregunta 128

Pregunta
Lean Manufacturing has an Emphasis on low or no SS
Respuesta
  • True
  • False

Pregunta 129

Pregunta
Service Parts Logistics is simple to forecast
Respuesta
  • True
  • False

Pregunta 130

Pregunta
Which of the following is NOT a logistical consideration in achieving desired levels of supply chain performance?
Respuesta
  • Damaged goods resulting from shoddy materials handling practices possibly resulting in poor service
  • Poor inventory turnover, an indicator of unproductive asset utilization
  • High transportation costs
  • Lack of visibility into cross organizational silos
  • All of the above are logistics considerations

Pregunta 131

Pregunta
Which of the following is a way to address inventory turnover?
Respuesta
  • Consolidating stocking points and eliminating slow-moving items
  • Call for an examination of modal or carrier selection policies
  • Examine transportation routing decisions.
  • Increase inventory levels

Pregunta 132

Pregunta
Which of the following is NOT a logistics related problem pertaining to supply chain performance?
Respuesta
  • Low inventory turnover
  • High transportation costs
  • Damaged goods
  • Poor machine utilization
  • All of the above are logistics related problems

Pregunta 133

Pregunta
Supply Chain Management is a new concept
Respuesta
  • True
  • False

Pregunta 134

Pregunta
Consumers are merely recipients of supply chain activities
Respuesta
  • True
  • False

Pregunta 135

Pregunta
Supply chain management does not need to be specifically managed by the organizations operating within the supply chain.
Respuesta
  • True
  • False

Pregunta 136

Pregunta
The SCOR model involves all business functions.
Respuesta
  • True
  • False

Pregunta 137

Pregunta
THE GSCF model involves all business functions.
Respuesta
  • True
  • False

Pregunta 138

Pregunta
How many processes comprise the GSCF model?
Respuesta
  • 5
  • 6
  • 7
  • 8
  • 9

Pregunta 139

Pregunta
What is also called logistics outsourcing or contract logistics?
Respuesta
  • Third-Party Logistics
  • Fourth-Party Logistics
  • Supply Chain Partnership
  • Transactional relationships

Pregunta 140

Pregunta
A Supply Chain Partnership is an example of what type of "Relationship Type?"
Respuesta
  • Transactional
  • Tactical information sharing
  • Strategic
  • Point of Sale
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