Question 1

What is the definition of logistics which the authors choose and what group had formulated it?

Accepted Answer

The definition offered by the Council of Supply Chain Management Professionals is: "That part of the supply chain process that plans, implements and controls the efficient, effective flow and storage of goods, services and related information from point of origin to point of consumption in order to meet customer requirements." (Page 37)

Question 2

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

Accepted Answer

A)  definition from an inventory perspective. 
B)  general definition. 
C)  definition offered by the Society of Logistics Engineers. 
D)  a definition provided by the Council of Logistics Management. 
A)  definition from an inventory perspective. 
B)  general definition. 
C)  definition offered by the Society of Logistics Engineers. 
D)  a definition provided by the Council of Logistics Management. B

Question 3

The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis.

Accepted Answer

A) True 
 B)False  False

Question 4

A(n) _______ relationship exists between the cost of lost sales and inventory cost.

Accepted Answer

A)  reverse 
B)  proportional 
C)  inverse 
D)  non linear 
A)  reverse 
B)  proportional 
C)  inverse 
D)  non linear

Question 5

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?

Accepted Answer

A)  materials handling 
B)  physical distribution 
C)  business logistics 
D)  order fulfillment 
A)  materials handling 
B)  physical distribution 
C)  business logistics 
D)  order fulfillment

Question 6

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?

Accepted Answer

A)  Seven Rs 
B)  Council of Logistics Management 
C)  Society of Logistic Engineers 
D)  supply chain logistics 
A)  Seven Rs 
B)  Council of Logistics Management 
C)  Society of Logistic Engineers 
D)  supply chain logistics

Question 7

The value that is added to goods through a manufacturing or assembly process is:

Accepted Answer

A)  form utility 
B)  place utility 
C)  time utility 
D)  possession utility 
A)  form utility 
B)  place utility 
C)  time utility 
D)  possession utility

Question 8

What is often the largest component of logistics costs?

Accepted Answer

A)  inventory costs 
B)  transportation costs 
C)  shipper-related costs 
D)  administrative costs 
A)  inventory costs 
B)  transportation costs 
C)  shipper-related costs 
D)  administrative costs

Question 9

A ______ analysis examines a logistics system over a long time period or range of output.

Accepted Answer

A)  cost center analysis 
B)  dynamic 
C)  link node analysis 
D)  least cost analysis 
A)  cost center analysis 
B)  dynamic 
C)  link node analysis 
D)  least cost analysis

Question 10

What is the primary challenge of logistics?

Accepted Answer

The challenge is to manage the entire lo

Question 11

An important sustainability issue that has received much more scrutiny in recent years is the:

Accepted Answer

A)  focus on adequate inventory levels 
B)  reduction in packaging waste by using alternate materials 
C)  effort to move warehouse storage closer to consumers 
D)  emphasis on materials handling and warehouse design 
A)  focus on adequate inventory levels 
B)  reduction in packaging waste by using alternate materials 
C)  effort to move warehouse storage closer to consumers 
D)  emphasis on materials handling and warehouse design

Question 12

The product's dollar value typically affects the cost of logistics activities. Which is not one of these costs?

Accepted Answer

A)  warehousing costs 
B)  transportation costs 
C)  promotion costs 
D)  packaging costs 
A)  warehousing costs 
B)  transportation costs 
C)  promotion costs 
D)  packaging costs

Question 13

Acme Battery distributes its batteries to warehouses, where they are stored until ordered by a retailer. The warehouses are located close by the retail markets served. This is the logistics channel approach to logistics.

Accepted Answer

A) True 
 B)False

Question 14

To hold down distribution cost, the lowest cost carrier should always be used.

Accepted Answer

A) True 
 B)False

Question 15

What are fixed spatial points where goods stop for storage or processing?

Accepted Answer

A)  nodes 
B)  links 
C)  cost centers 
D)  fulfillment centers 
A)  nodes 
B)  links 
C)  cost centers 
D)  fulfillment centers

Question 16

Materials handling is concerned with

Accepted Answer

A)  inventory levels. 
B)  breaking bulk. 
C)  scheduling trade-offs. 
D)  short-distance movement. 
A)  inventory levels. 
B)  breaking bulk. 
C)  scheduling trade-offs. 
D)  short-distance movement.

Question 17

It can be argued that ? is the second language of logistics and supply chain management.

Accepted Answer

A)  quality 
B)  manufacturing 
C)  finance 
D)  sales 
A)  quality 
B)  manufacturing 
C)  finance 
D)  sales

Question 18

An aircraft manufacturer is a good example of an organization with a heavy inbound flow and a simple outbound flow.

Accepted Answer

A) True 
 B)False

Question 19

Transportation is the physical movement or flow of goods.

Accepted Answer

A) True 
 B)False

Question 20

During the 1990s and 2000s, logistics costs as a percentage of gross national product declined.

Accepted Answer

A) True 
 B)False

What is the definition of logistics which the authors choose and what group had formulated it?

The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis.

A(n) _______ relationship exists between the cost of lost sales and inventory cost.

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?

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?

The value that is added to goods through a manufacturing or assembly process is:

What is often the largest component of logistics costs?

A ______ analysis examines a logistics system over a long time period or range of output.

What is the primary challenge of logistics?

An important sustainability issue that has received much more scrutiny in recent years is the:

The product's dollar value typically affects the cost of logistics activities. Which is not one of these costs?

Acme Battery distributes its batteries to warehouses, where they are stored until ordered by a retailer. The warehouses are located close by the retail markets served. This is the logistics channel approach to logistics.

To hold down distribution cost, the lowest cost carrier should always be used.

What are fixed spatial points where goods stop for storage or processing?

Materials handling is concerned with

It can be argued that ? is the second language of logistics and supply chain management.

An aircraft manufacturer is a good example of an organization with a heavy inbound flow and a simple outbound flow.

Transportation is the physical movement or flow of goods.

During the 1990s and 2000s, logistics costs as a percentage of gross national product declined.

Supply Chain Management: an Overview

Global Dimensions of Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology-Managing Information Flows

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Transportation-Managing the Flow of the Supply Chain

Distribution-Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations-Producing Goods and Services

Supply Chain Sustainability

Strategic Challenges and Change for Supply Chains

Filters

Exam 2: Role of Logistics in Supply Chains

What is the definition of logistics which the authors choose and what group had formulated it?

The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis.

A(n) _______ relationship exists between the cost of lost sales and inventory cost.

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?

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?

The value that is added to goods through a manufacturing or assembly process is:

What is often the largest component of logistics costs?

A ______ analysis examines a logistics system over a long time period or range of output.

What is the primary challenge of logistics?

An important sustainability issue that has received much more scrutiny in recent years is the:

The product's dollar value typically affects the cost of logistics activities. Which is not one of these costs?

Acme Battery distributes its batteries to warehouses, where they are stored until ordered by a retailer. The warehouses are located close by the retail markets served. This is the logistics channel approach to logistics.

To hold down distribution cost, the lowest cost carrier should always be used.

What are fixed spatial points where goods stop for storage or processing?

Materials handling is concerned with

It can be argued that ? is the second language of logistics and supply chain management.

An aircraft manufacturer is a good example of an organization with a heavy inbound flow and a simple outbound flow.

Transportation is the physical movement or flow of goods.

During the 1990s and 2000s, logistics costs as a percentage of gross national product declined.

Supply Chain Management: an Overview

Global Dimensions of Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology-Managing Information Flows

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Transportation-Managing the Flow of the Supply Chain

Distribution-Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations-Producing Goods and Services

Supply Chain Sustainability

Strategic Challenges and Change for Supply Chains

Filters