Exam 16: Global Logistics and Materials Management

How can inventory be used as a strategic tool?

What is the first phase of the movement of materials that is of logistical importance?

Providers of both ocean and airfreight services wrestle with the issue of the vagaries of nature which can impose delays on transportation services. This issue is called:

To obtain and maintain favorable results from the complex international environment, the international logistics manager must coordinate activities globally as well as:

Container ships are cargo vessels that carry standardized containers and greatly facilitate the loading and unloading of cargo and intermodal transfers.

The second phase of the movement of materials that is of logistical importance is the movement of a firm's finished product to its customers, and it is called the:

What is the major reason for the lack of local ports in developing countries?

___________ is the logistics concept that recognizes the linkages with logistics systems that result from the interactions.

The integration of the three concepts of logistics, resulting in the new paradigm where a series of value-adding activities concentrate a company's supply side with its demand side, is called:

Within each country, an international firm faces specific logistical attributes that may be quite different from those experienced at home.

___________ is the logistics concept in which cost is used as a basis for measurement for the purpose of minimizing the firm's overall logistics cost by implementing the systems concept appropriately.

High value items are more likely to be shipped by air, particularly if they have a high:

The expense of maintaining inventories is called:

Reliability is related to the vagaries of nature, which can impose delays on transportation services.

Density is the amount of saturation the shipping channel has at any given time.

For the international firm, customer locations and sourcing opportunities are widely dispersed, therefore the physical distribution and logistics aspects of international marketing:

Which of the following is not one of the guideposts that the experienced manager uses for logistics decisions?

In domestic operations, logistics decisions are guided by the experience of the manager, possible industry comparison, an intimate knowledge of trends, and the development of heuristics.

In the trade-off concept, the ownership of the name or logo of a designer is traded for a mark of a different company.

Supply chain management is an integration of the three major concepts of logistics in which a series of value-added activities connect a company's supply side with its demand side.