Questão 1
Questão
Globalization has had little effect on consumers.
Questão 2
Questão
Cost/Value refers to
Responda
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getting the best value for the money spent.
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U.S. firms competing in the global arena.
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the importance of cost and value at the very end of the supply chain.
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product variety.
Questão 3
Questão
Supply chain managers no longer need to worry about sub-optimization in light of today’s technology.
Questão 4
Questão
A key element in Wal-Mart’s ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system.
Questão 5
Questão
Outsourcing is a fairly new concept.
Questão 6
Questão
Supply and demand has become less volatile as managers become more adept at controlling the elements.
Questão 7
Questão
Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and vendors.
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This is still true and has not changed.
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Computerization has greatly increased the flow of information from the source.
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The “Big Box” stores have developed their own sources.
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None of these answers
Questão 8
Questão
Even though there are references to supply chain management in the 1980s, SCM did not capture the attention of senior-level management until the 1990s.
Questão 9
Questão
The first decade of the twenty-first century was a period of rapid change for organizations, especially businesses.
Questão 10
Questão
One of the major challenges of supply chain management is
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forward buying.
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maintaining the visibility of inventory.
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building safety-stock inventory
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pushing inventory back to vendors.
Questão 11
Questão
The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which is not included?
Responda
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Complexity
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Inventory deployment
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Inventory carrying costs
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Technology
Questão 12
Questão
The U.S. transportation system was deregulated in the 1930s and 1940s in response to economic conditions and World War 2.
Questão 13
Questão
It is predicted that social networks such as Facebook and Twitter will influence supply chains because of their impact on customer demand and the speed of information transfers.
Questão 14
Questão
Performance measurement is important because
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it allows firms to rate competitors.
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without it, managers would not know how the global economy is doing.
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companies presently operating in the European Economic Community need to understand how its competitors are doing.
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lower-level metrics in an organization must connect directly to the high-level performance to achieve goals.
Questão 15
Questão
The Supply Chain Concept
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is very new and considered cutting edge technology.
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is highly dependent of computerization.
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is not always well understood by senior managers.
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developed from the previous Physical Distribution concept.
Questão 16
Questão
Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape?
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Government policy
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Technology
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Environmental concerns
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Globalization
Questão 17
Questão
A critical outcome of the supply chain is to deliver
Questão 18
Questão
Complexity in the supply chain is caused by
Questão 19
Questão
Most retailers are essentially supply chain companies since
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they dominate the consumer market.
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own their warehouses and trucks.
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they buy products produced by others.
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engage in off-shore sourcing.
Questão 20
Questão
SAB should examine their off-shore purchasing policy, even though the products are sourced from the U.S.
Questão 21
Questão
What activity is described as the movement of goods into a warehouse, the placement of goods in a warehouse, and the movement of goods from storage to order picking areas and eventually to dock areas for transportation out of the warehouse?
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Material handling
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Physical distribution
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Business logistics
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Order fullfilment
Questão 22
Questão
Transportation is the physical movement of flow of goods.
Questão 23
Questão
Ensuring the availability of the right product, in the right quantity, and the right condition, at the right place, at the right time, for the right customer at the right cost, is which definition of logistics?
Questão 24
Questão
In a logistics system, warehousing should be optimized at the expense of related logistics activities, such as transportation and procurement.
Questão 25
Questão
The utility created through the basic marketing activities is known as place utility.
Questão 26
Questão
The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis.
Questão 27
Questão
Logistics is the process of anticipating customer needs and wants; acquiring the capital, materials, people, technologies, and information necessary to meet those needs and wants; optimizing the goods- or service-producing network to fulfill customer requests; and utilizing the network to fulfill customer requests in a timely manner. This is a
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definition from an inventory perspective.
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general definition.
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definition offered by the Society of Logistics Engineers.
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a definition provided by the Council of Logistics Management.
Questão 28
Questão
Which of the answers below is an example of the creation of form utility by a logistics activity?
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When lumber is cut and made into a chair
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When a firm's finance manager approves customer purchases on a credit basis
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When Dell combines components with software to produce a computer to a customer’s specifications
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The breaking bulk and repackaging at a distribution center
Questão 29
Questão
Marketers have begun to recognize the strategic value of place in the marketing mix, as well as the benefits resulting from high-quality logistical services. As a result, which has been recognized as the interface activity between marketing and logistics?
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Product
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Promotion
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Price
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Customer service
Questão 30
Questão
During the 1990s and 2000s, logistics costs as a percentage of gross national product declined.
Questão 31
Questão
Logistics creates which utility through production forecasting, production scheduling and inventory control?
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Form utility
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Quantity utility
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Time utility
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Possession utility
Questão 32
Questão
An aircraft manufacturer is a good example of an organization with a heavy inbound flow and a simple outbound flow.
Questão 33
Questão
To hold down distribution cost, the lowest cost carrier should always be used.
Questão 34
Questão
The inverse relationship that exists between the cost of lost sales and inventory costs is the inventory effect.
Questão 35
Questão
Time utility depends on
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when the carrier picks up the shipment.
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transportation companies delivering on time.
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proper forecasting.
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having the product available when the user wants it.
Questão 36
Questão
Materials handling is concerned with
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inventory levels.
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breaking bulk.
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scheduling trade-offs.
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short-distance movement.
Questão 37
Questão
What is often the largest component of logistics costs?
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Inventory costs
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Transportation costs
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Shipper-related costs
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Administrative costs
Questão 38
Questão
All four subdivisions of logistics have some common characteristics. Which of the below does not belong in the list:
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Transportation
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Marketing
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Scheduling
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Forecasting
Questão 39
Questão
The utility that is created by moving goods from production points to market points where demand exists is referred to as:
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Form
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Place
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Time
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Possession
Questão 40
Questão
What technology has helped make the physical inventory-taking process more efficient and effective?
Questão 41
Questão
The biggest and best known example of a regional trade agreement (RTA) is the:
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World Trade Organization (WTO)
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General Agreement on Tariffs and Trade (GATT)
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European Union (EU)
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Customs Trade Partnership Against Terrorism (C-TPAT)
Questão 42
Questão
Operating globally has become harder to accomplish for individuals and small companies.
Questão 43
Questão
Which is the main advantage of international air transport?
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Freight rates
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Flexibility
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Transit times
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Accessibility
Questão 44
Questão
An importer can store goods in a bonded warehouse for up to three years without paying duty.
Questão 45
Questão
Which are the major modes of international transportation?
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Water and air
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Water and rail
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Rail and motor
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Rail and air
Questão 46
Questão
The global logistics channel intermediary that supervises the movement of goods through customs and ensures that the documentation accompanying a shipment is complete and accurate is known as
Questão 47
Questão
A demand-driven system is also known as
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a supply chain
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a pull system
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a marketing system
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a multi-echelon system
Questão 48
Questão
A firm using air transportation cannot use the same packaging for international shipping as for domestic shipping because many cargo aircraft are not pressurized.
Questão 49
Questão
A maquiladora plant can be located anywhere in South America.
Questão 50
Questão
Globalization was initially driven by countries
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seeking new territories.
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outside the U.S. seeking to establish plants in the U.S.
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seeking materials and goods not available in their own land.
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sponsoring trading missions.
Questão 51
Questão
In his book “The Wealth of Nations”, Adam Smith stated that economies and companies could improve their wealth by
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allowing specialization of tasks.
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ensuring that logistics is used to gain advantage in the marketplace.
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becoming multi-national.
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moving production off shore.
Questão 52
Questão
Globalization is not considered to be one of the external factors driving change in logistics.
Questão 53
Questão
A Foreign Freight Forwarder is unregulated by the government.
Questão 54
Questão
Which condition must be present before motor carriers and rail carriers can be used for international shipments?
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shipments must be in volume and in bulk
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the shipment must be between adjacent countries
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no customs barriers can be imposed
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the shipment cannot pass through adjacent countries
Questão 55
Questão
A maquiladora plant is
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a new type of flower.
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an entity created under NAFTA.
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a U.S. plant performing manufacturing, processing, or assembly activity in Mexico.
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a factory owned by the Maquiladora Corporation.
Questão 56
Questão
Ocean transportation offsets slower service with lower rates than other modes.
Questão 57
Questão
The Supply Chain should
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manage all aspects of transportation, selecting the least cost when possible.
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seek to maximize profits.
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use the same techniques internationally that it uses domestically.
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manage materials and products, information, financials, and demand.
Questão 58
Questão
Export Trading Companies and Export Management Companies are essentially the same.
Questão 59
Questão
The supply chain should manage four important flows, namely, materials and products, information, financials, and demand.
Questão 60
Questão
The North American Free Trade Agreement has removed all trade barriers between the U.S., Canada, and Mexico.
Questão 61
Questão
A financial based 3PL is a firm that takes a financial interest in an organization in order to underwrite the outsourcing of that firm’s logistics.
Questão 62
Questão
The most frequently outsourced function is freight bill payment.
Questão 63
Questão
A horizontal relationship refers to firms on the same level in the supply chain.
Questão 64
Questão
Drivers and facilitators are internal issues that an organization must address before seeking a 3PL.
Questão 65
Questão
The least-frequently used IT-based services by customers of 3PLs are:
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transportation management (execution)
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warehouse/distribution management
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global trade management and transport sourcing
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strategic and customer-related
Questão 66
Questão
Collaboration is usually defined as a “business practice that encourages individual organizations to share information and resources for the benefit of all”.
Questão 67
Questão
Once a 3PL provider is chosen, it is not necessary for an organization to seek continuous improvements as the 3PL will handle that function.
Questão 68
Questão
A Third Party Logistics firm is defined as a company that owns trucks and warehouses so as to offer integrated services.
Questão 69
Questão
Many organizations are working more closely with
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customers.
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customers and suppliers.
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third-party logistics firms.
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customers, suppliers, and various types of logistics suppliers.
Questão 70
Questão
Outsourcing and contract logistics are terms sometimes used to describe third-party logistics.
Questão 71
Questão
A third-party logistics firm may be defined as
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an outsource service.
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a firm that owns trucks and warehouses.
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a firm that owns trucks and warehouses and provides computer support.
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an external supplier that performs or manages all or part of a company’s logistics functions.
Questão 72
Questão
Approximately two-thirds of 3PL customers think their providers supply
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tactical or operational services.
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strategic or integrative services.
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trucking and warehouse services.
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a firm that can supply a competency that is not core to the firm.
Questão 73
Questão
Many organizations have directed significant attention toward working more closely with supply chain partners, including not only customers and suppliers but also various types of logistics suppliers
Questão 74
Questão
While available evidence supports the fact that the president or CEO and the finance executive are often involved with the identification of the need for logistic services,
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customers are demanding a change.
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executives from other areas in the company are also aware of such needs but to a lesser degree.
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a 4PL will suggest greater collaboration.
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off shore sourcing will point to greater need.
Questão 75
Questão
Whether the relationship may or may not be with a provider of logistics services, today’s supply chain relationships are most effective when collaboration occurs among the ____________ who are involved.
Questão 76
Questão
Horizontal collaboration refers to a relationship that is ___________ and/or ____________.
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3PLs to 3PLs and/or service provider to service provider
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buyer to buyer and/or seller to seller
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flat across the chain and/or involving partners equal in size
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collaboration with horizontal and/or vertical competitors
Questão 77
Questão
The “IT gap” refers to the difference between the internal IT capabilities of 3PL users and the IT expertise of the 3PL providers.
Questão 78
Questão
The first stage in the process model for forming and sustaining supply chain relationships involves the process by which a manufacturer becomes fully aware of its logistics and supply chain needs.
Questão 79
Questão
Vertical collaboration refers to
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collaboration among buyers and sellers in the supply chain.
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collaboration among carriers and shippers.
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collaboration that moves up the supply chain.
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collaboration with competitors.
Questão 80
Questão
Full collaboration is the dynamic combination of
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buyers, sellers, retailers, and 3PLs.
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buyers, sellers, retailers, 3PLs, and appropriate government agencies.
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both vertical and horizontal collaboration.
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buyers and sellers only.
Questão 81
Responda
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combines two or more metrics into a single indicator.
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is complex to define, usually involves a calculation and is often in the form of a ratio.
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is easily defined with no calculations and with simple dimensions.
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is any quantitative output of an activity or process.
Questão 82
Questão
Another driving influence for supply chain reexamination has been the desire of organizations to change their supply chain focus from a __________to an “investment” center.
Questão 83
Questão
The decision to alter the supply chain process is essentially ___________issue.
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a management
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an optimization
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a supply chain
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a customer satisfaction
Questão 84
Questão
There are four major categories that provide a useful way for examining logistics and supply chain performance: They are: time, ______, cost, and supporting metrics.
Responda
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delivery
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KPIs
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competition
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quality
Questão 85
Questão
A metric is complex to define, usually involves a calculation or a combination of measurements, and is often in the form of a ratio.
Questão 86
Questão
What is the best financial metric to show the profit an organization generates in relationship to assets utilized?
Responda
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ROA
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Profit
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Return on net worth
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Stock price
Questão 87
Questão
Another metric classification scheme that has been receiving increased attention is that developed by the Supply Chain Council and contained in the Supply Chain Operations and Reference (SCOR) model.
Questão 88
Questão
Scorecards and key performance indicators (KPIs) are the same thing.
Questão 89
Questão
Effective order management can have an impact on
Questão 90
Questão
Managers should resist sub-optimization of their particular function unless it benefits the organization as a whole.
Questão 91
Questão
Gross margin equals
Responda
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sales minus COGS.
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sales + taxes minus COGS
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COGS - sales
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COGS - taxes
Questão 92
Questão
The current logistics management approach is supported by which performance measurement concepts?
Questão 93
Questão
Channel structure management includes decisions regarding the use of outsourcing, channel inventories, ____________, and channel structure.
Responda
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cash to cash management
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information systems
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order cycle
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KPIs
Questão 94
Questão
A metric and a measure are the same.
Questão 95
Questão
Scorecard and key performance indicators (KPIs) refer to
Questão 96
Questão
A metric could drive inappropriate behavior.
Questão 97
Questão
Customers and suppliers should be included in the development of metrics.
Questão 98
Questão
Evaluating current or potential supply chain performance metrics is not important to a sound logistics program.
Questão 99
Questão
Supply chain management involves the control of raw material, in-process, and finished goods inventories.
Questão 100
Questão
The focus on performance measurement is a recent event in industry.
Questão 101
Questão
___________ is/are a major barrier to the effective use of information technology.
Responda
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Cost
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People
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Effective applications
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Management support
Questão 102
Questão
Supply chain software that provides a platform for manufacturers, distributors, and retailers to aggregate and organize item-related data such as item number, price, description, and weight is called
Responda
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business intelligence tools.
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supply chain collaboration tools
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spreadsheets and database tools
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data synchronization tools
Questão 103
Questão
Supply chain information technologies can provide timely, cost efficient sharing of information between suppliers, manufacturers, intermediaries, logistics services providers, and customers.
Questão 104
Responda
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are taking the place of SCIS systems.
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have information elements needed by SCIS applications.
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require RFID to be fully functional.
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focus primarily on manufacturing issues.
Questão 105
Questão
Web-enabled SCIS allows managers to monitor sourcing, transportation, and inventory data at the order and item level.
Questão 106
Questão
The term supply chain information system (SCIS) is defined as
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software that manages the supply chain.
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technology that has enhanced the ability of companies to pay more attention to customers.
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information systems that automate the flow of information between a firm and its suppliers.
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process management software that may or may not use ASP applications.
Questão 107
Questão
Individual supply chain applications must work together to provide a holistic view of all relevant processes, and must also link effectively to supply chain partners.
Questão 108
Questão
Managers have several options for software development and implementation. They include
Questão 109
Questão
Now that people are computer-literate, they are no longer a major barrier to the effective use of information technology.
Questão 110
Questão
RFID applications have been widely embraced due to their low cost and high reliability.
Questão 111
Questão
Information technology plays an important role in each of the five drivers of sustainable supply chain management practice.
Questão 112
Questão
Organizations are putting less emphasis on information technology to help them become more competitive, innovative, and adaptive, relying more on supply chain innovations.
Questão 113
Questão
Information must be real-time, not just current.
Questão 114
Questão
Supply chain software sales faltered during the 2007-2009 recession and remained flat in 2010 and 2011.
Questão 115
Questão
Business intelligence applications are being used to gather information on competitors and their suppliers.
Questão 116
Questão
Which of the below is not part of the seven Rs of logistics?
Responda
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Information
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Cost
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Quality
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Place
Questão 117
Questão
SCIS software selection is relatively straightforward as the choices have been simplified.
Questão 118
Questão
Which of the following is NOT one of the five drivers of sustainable supply chain management practice?
Responda
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Adaptability
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Synchronization
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Velocity
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Execution
Questão 119
Questão
ERP systems are multimodal application software platforms that help organizations manage the important parts of their businesses.
Questão 120
Questão
Supply Chain software includes technologies that
Responda
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address virtually every function and task that occurs in the supply chain.
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help organizations plan, execute, and control supply chain activities in real time.
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help to maintain visibility of inventory.
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all of these answers.
Questão 121
Questão
A stockout always results in a back order.
Questão 122
Questão
Reserve Inventory and Determine Delivery Date has traditionally been referred to as order processing.
Questão 123
Questão
The term replenishment cycle refers to
Questão 124
Questão
Activity-based costing works well in warehouse-type environments but does not work for customer service applications.
Questão 125
Questão
For the best service, all products should be available at all levels regardless of cost.
Questão 126
Questão
Order management system represents the principal means by which
Responda
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price and lead time add value.
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buyers and sellers communicate information relating to individual orders of product.
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orders are handled inside the company.
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customers are segmented by profitability.
Questão 127
Questão
Customer relationship management is the art and science of
Questão 128
Questão
Activity Based Costing
Responda
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is useful for distributions centers but not customers.
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can be combined with customer segmentation.
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is too sophisticated for many applications.
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is a very new management science.
Questão 129
Questão
What are the steps in the CRM process?
Responda
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segment customer base, then measure service and improve
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segment customer base, then identify service/package
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measure service, then improve
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segment customer base, identify service/package, then measure service and improve
Questão 130
Questão
Which is NOT part of dependability?
Responda
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Cycle time
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Safe delivery
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Correct orders
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Consistent pricing
Questão 131
Questão
Customer relationship management is a new concept only recently receiving attention.
Questão 132
Questão
While interest has traditionally focused more on the overall length of the OTC cycle, recent attention has been centered on
Responda
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customer segmentation.
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the use of the ABC process.
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the use of the SCOR process.
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variability or consistency of this process.
Questão 133
Questão
Customer service is anything that touches the customer.
Questão 134
Questão
The buyer and seller look at order time from the same perspective.
Questão 135
Questão
Customer service is of equal importance to both logistics and marketing.
Questão 136
Questão
Traditional customer profitability analyses would start with ______ less returns and allowances (net sales) and subtract the cost of goods sold.
Responda
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gross sales
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back orders
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the forecast
-
gross margin
Questão 137
Questão
Dependability is not as important to a buyer as is absolute length of lead time.
Questão 138
Questão
“Order to cash” and “replenishment cycle” are the same.
Questão 139
Questão
Customer service can be defined as
Questão 140
Questão
Applying Internet technology to the order management process has allowed organizations to not only take time out of the process but also to
Responda
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increase the velocity of cash back to the selling organization.
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attract new customers.
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develop “Clicks” and “Bricks” firms.
-
manage inventory more effectively.