Exam 11: Logistics

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A company which provides all or part of the logistics function for another company is known as ________.

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The mode of transportation which is the most versatile in terms of shipping products door to door is ________.

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The mode of transportation which has the highest carbon footprint as measured by grams per metric ton/km is

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What is derived demand and what implications does it have for logistics systems?

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Logistics cost as a percentage of GDP for the United States is approximately ________.

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Demand created as managers conceptualize forecasts and guess at future demand is known as

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Trading the cost of improving service with service levels is known as a

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A supply chain's ability to respond to changes in customer needs or requirements is known as ________.

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Logistics cost as a percentage of GDP is higher for the United States as compared to China.

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Logistics provides place and form utility.

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Logistics managers are responsible for overseeing only finished goods inventory.

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The trade bloc consisting of the United States,Mexico and Canada is known as

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The mode of transportation which has the highest fuel economy as measured by number of ton-miles per gallon of fuel is

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Functions such as purchasing and production that are not traditional logistics functions are known as ________.

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A firm provides a directive to all their truck drivers to not exceed a speed of 60 miles per hour (mph),even if a higher speed is permitted by law.Although this would probably mean that delivery commitments are missed,it also results in an optimal use of fuel.This is an example of a

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Derived demand is actual customer demand that logisticians should consider for fulfillment.

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The mode of transportation within the United States that carries the most weight in terms of tons is ________.

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Trading speed of delivery with saving fuel is known as a

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Trading speed of delivery with saving fuel is known as a cost-to-service trade-off.

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If transportation prices decrease and if inventory costs increase,holding the minimal inventories prescribed by lean manufacturing may become more expensive.

(True/False)
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