Question 1

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

Accepted Answer

third-part

Question 2

The mode of transportation which has the highest fixed cost is

Accepted Answer

A) trucks. 
B) rail. 
C) air. 
D) maritime shipping. 
A) trucks. 
B) rail. 
C) air. 
D) maritime shipping.

Question 3

Logistics is concerned with only the transportation of goods across the supply chain.

Accepted Answer

A) True 
 B)False

Question 4

The mode of transportation which is the cheapest per tonnage is ________.

Accepted Answer

The answer of The mode of transportation which is the...

Question 5

A trucking company is exploring the cost-to-cost trade-offs given the following information:
Fuel cost (diesel): $3.5 per gallon
Distance to be traveled: 700 miles
Mileage at 70 mph: 5 miles per gallon
Mileage at 60 mph: 6 miles per gallon
Cost of delay if delivery commitment is missed: $75.
What speed should the trucks use?

Accepted Answer

Cost at 70 mph = (700 miles/5 miles per

Question 6

At present,a firm has 75,000 units of safety stock located in 25 facilities.They are considering reducing the number of warehouses and consolidating to 16 facilities.What will be the new safety stock inventory as a result?

Accepted Answer

A) 45,000 units 
B) 60,000 units 
C) 75,000 units 
D) 100,000 units 
A) 45,000 units 
B) 60,000 units 
C) 75,000 units 
D) 100,000 units

Question 7

A firm decides to target a 95% service level,realizing that this will require significantly less inventory as compared to a 99% service level.This is an example of a

Accepted Answer

A) cost-to-cost trade-off. 
B) modal trade-off. 
C) cost-to-service trade-off. 
D) none of the above. 
A) cost-to-cost trade-off. 
B) modal trade-off. 
C) cost-to-service trade-off. 
D) none of the above.

Question 8

A calculation for computing the safety stock inventory in warehouses,given the number of warehouses,is known as the ________.

Accepted Answer

The answer of A calculation for computing the safety stock...

Question 9

The extent to which a firm is spread out across the globe is known as ________.

Accepted Answer

geographic

Question 10

Places where large shipments of the same items are broken out and separated to go to separate locations are known as ________.

Accepted Answer

break bulk

Question 11

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

Accepted Answer

Derived demand is created as managers co

Question 12

A method to identify a good location for the placement of a new facility which reduces transportation costs is known as the ________.

Accepted Answer

weighted c

Question 13

The ability of companies to deliver their product or services to a market affordably is known as ________.

Accepted Answer

The answer of The ability of companies to deliver their...

Question 14

As the minimum required order quantity increases without any change in the procurement price,landed costs will

Accepted Answer

A) increase. 
B) decrease. 
C) remain constant. 
D) none of the above. 
A) increase. 
B) decrease. 
C) remain constant. 
D) none of the above.

Question 15

The decision about when to order in a logistics system is often dictated by the ________ function.

Accepted Answer

The answer of The decision about when to order in...

Question 16

Which of the following is true about derived demand?

Accepted Answer

A) It is actual customer demand. 
B) It only exists on paper. 
C) It helps in reducing inventories. 
D) It takes actual customer demand into consideration. 
A) It is actual customer demand. 
B) It only exists on paper. 
C) It helps in reducing inventories. 
D) It takes actual customer demand into consideration.

Question 17

A facility for storing inventory is known as a ________.

Accepted Answer

The answer of A facility for storing inventory is known...

Question 18

Trading the cost of improving service with service levels is known as a cost-to-cost trade-off.

Accepted Answer

A) True 
 B)False

Question 19

The mode of transportation which has the lowest variable cost is

Accepted Answer

A) trucks. 
B) rail. 
C) air. 
D) pipeline. 
A) trucks. 
B) rail. 
C) air. 
D) pipeline.

Question 20

The standard of service performance in terms of inventory availability and capability that most effectively uses costs is known as ________.

Accepted Answer

threshold

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

The mode of transportation which has the highest fixed cost is

Logistics is concerned with only the transportation of goods across the supply chain.

The mode of transportation which is the cheapest per tonnage is ________.

At present,a firm has 75,000 units of safety stock located in 25 facilities.They are considering reducing the number of warehouses and consolidating to 16 facilities.What will be the new safety stock inventory as a result?

A firm decides to target a 95% service level,realizing that this will require significantly less inventory as compared to a 99% service level.This is an example of a

A calculation for computing the safety stock inventory in warehouses,given the number of warehouses,is known as the ________.

The extent to which a firm is spread out across the globe is known as ________.

Places where large shipments of the same items are broken out and separated to go to separate locations are known as ________.

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

A method to identify a good location for the placement of a new facility which reduces transportation costs is known as the ________.

The ability of companies to deliver their product or services to a market affordably is known as ________.

As the minimum required order quantity increases without any change in the procurement price,landed costs will

The decision about when to order in a logistics system is often dictated by the ________ function.

Which of the following is true about derived demand?

A facility for storing inventory is known as a ________.

Trading the cost of improving service with service levels is known as a cost-to-cost trade-off.

The mode of transportation which has the lowest variable cost is

The standard of service performance in terms of inventory availability and capability that most effectively uses costs is known as ________.

Introduction to Supply Chain and Operations Management

Supply Chain and Operations Strategy

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Strategic Sourcing

Supplier Management

Demand Management and Forecasting

Inventory Management Fundamentals and Independent Demand

Sales and Operations Planning and Enterprise Resource Planning

Project Management

Supply Chain Quality Management

Statistical Process Control

Lean and Six Sigma Management and Leading Change

Filters

Exam 11: Logistics

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

The mode of transportation which has the highest fixed cost is

Logistics is concerned with only the transportation of goods across the supply chain.

The mode of transportation which is the cheapest per tonnage is ________.

At present,a firm has 75,000 units of safety stock located in 25 facilities.They are considering reducing the number of warehouses and consolidating to 16 facilities.What will be the new safety stock inventory as a result?

A firm decides to target a 95% service level,realizing that this will require significantly less inventory as compared to a 99% service level.This is an example of a

A calculation for computing the safety stock inventory in warehouses,given the number of warehouses,is known as the ________.

The extent to which a firm is spread out across the globe is known as ________.

Places where large shipments of the same items are broken out and separated to go to separate locations are known as ________.

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

A method to identify a good location for the placement of a new facility which reduces transportation costs is known as the ________.

The ability of companies to deliver their product or services to a market affordably is known as ________.

As the minimum required order quantity increases without any change in the procurement price,landed costs will

The decision about when to order in a logistics system is often dictated by the ________ function.

Which of the following is true about derived demand?

A facility for storing inventory is known as a ________.

Trading the cost of improving service with service levels is known as a cost-to-cost trade-off.

The mode of transportation which has the lowest variable cost is

The standard of service performance in terms of inventory availability and capability that most effectively uses costs is known as ________.

Introduction to Supply Chain and Operations Management

Supply Chain and Operations Strategy

Product and Process Design and Mapping

Service Design

Customer Relationship Management

Strategic Sourcing

Supplier Management

Demand Management and Forecasting

Inventory Management Fundamentals and Independent Demand

Sales and Operations Planning and Enterprise Resource Planning

Project Management

Supply Chain Quality Management

Statistical Process Control

Lean and Six Sigma Management and Leading Change

Filters