Question 1

The transportation and storage of goods and materials is called ________.

Accepted Answer

The answer of The transportation and storage of goods and...

Question 2

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

Accepted Answer

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

Question 3

Best Tools wants to locate a warehouse to serve their major distributors that are shown in the table below.What are the x and y coordinates for the location that will minimize the transportation costs for their distribution network? $$\begin{array} { | l | l | l | l } 
\hline \text { Distributor } & \begin{array} { c } 
\text { Annual Volume } \
\text { (units) }
\end{array} & \text { X-Coordinate } & \text { Y-Coordinate } \
\hline \text { Excelsior } & 10,000 & 5 & 5 \
\hline \text { Sapphire } & 15,000 & 4 & 6 \
\hline \text { Stevens } & 8,000 & 6 & 8 \
\hline \text { Johnson } & 12,000 & 5 & 1 \
\hline
\end{array}$$

Accepted Answer

A) Near (5,5) 
B) Near (6,4) 
C) Near (5,6) 
D) Near (6,3) 
A) Near (5,5) 
B) Near (6,4) 
C) Near (5,6) 
D) Near (6,3)

Question 4

A higher logistics cost as a percentage of GDP for a country makes that country more competitive globally.

Accepted Answer

A) True 
 B)False

Question 5

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 amount of safety stock inventory if each unit in inventory is valued at $2?

Accepted Answer

A) $45,000 
B) $60,000 
C) $75,000 
D) $120,000 units 
A) $45,000 
B) $60,000 
C) $75,000 
D) $120,000 units

Question 6

Which of the following is not one of the inventory decisions that logistics managers need to make?

Accepted Answer

A) When to order? 
B) How much to order? 
C) From whom to order? 
D) How much extra inventory to hold? 
A) When to order? 
B) How much to order? 
C) From whom to order? 
D) How much extra inventory to hold?

Question 7

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

Accepted Answer

A) ASEAN. 
B) NAFTA. 
C) COSMO. 
D) SAARC. 
A) ASEAN. 
B) NAFTA. 
C) COSMO. 
D) SAARC.

Question 8

A firm decides to use a less expensive mode of transportation like train,even though it is slower.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 9

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

Accepted Answer

The answer of The trade bloc consisting of the United...

Question 10

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

Accepted Answer

A) True 
 B)False

Question 11

In which of the following areas does logistics not contribute a direct competitive advantage?

Accepted Answer

A) Cost 
B) Product access 
C) Product design 
D) Sustainability 
A) Cost 
B) Product access 
C) Product design 
D) Sustainability

Question 12

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

Accepted Answer

The answer of Trading the cost of improving service with...

Question 13

Trading speed of delivery with saving fuel is known as 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 14

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

Accepted Answer

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

The transportation and storage of goods and materials is called ________.

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

A higher logistics cost as a percentage of GDP for a country makes that country more competitive globally.

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 amount of safety stock inventory if each unit in inventory is valued at $2?

Which of the following is not one of the inventory decisions that logistics managers need to make?

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

A firm decides to use a less expensive mode of transportation like train,even though it is slower.This is an example of a

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

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

In which of the following areas does logistics not contribute a direct competitive advantage?

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

Trading speed of delivery with saving fuel is known as a

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

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

The transportation and storage of goods and materials is called ________.

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

A higher logistics cost as a percentage of GDP for a country makes that country more competitive globally.

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 amount of safety stock inventory if each unit in inventory is valued at $2?

Which of the following is not one of the inventory decisions that logistics managers need to make?

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

A firm decides to use a less expensive mode of transportation like train,even though it is slower.This is an example of a

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

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

In which of the following areas does logistics not contribute a direct competitive advantage?

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

Trading speed of delivery with saving fuel is known as a

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

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