Question 1

Which of the following is not one of the disadvantages of water carrier over other modes of transportation?

Accepted Answer

A)  Limited flexibility. 
B)  Seasonal availability. 
C)  Very long lead times. 
D)  Poor reliability. 
E)  Cannot be used for large volumes. 
A)  Limited flexibility. 
B)  Seasonal availability. 
C)  Very long lead times. 
D)  Poor reliability. 
E)  Cannot be used for large volumes. A

Question 2

On average, transportation costs easily comprise ten percentor more of a product's total cost.

Accepted Answer

A) True 
 B)False  True

Question 3

A preferred supplier list database should be set up to generate a list of preferred suppliers based on previous project performance criteria.

Accepted Answer

A) True 
 B)False  True

Question 4

Which of the following is not one of the disadvantages of rail carrier over other modes of transportation?

Accepted Answer

A)  Seasonal availability. 
B)  Limited access to rail line. 
C)  Longer in-transit lead times. 
D)  Less flexible - may not have rails to all locations. 
E)  Limited access to rail spur. 
A)  Seasonal availability. 
B)  Limited access to rail line. 
C)  Longer in-transit lead times. 
D)  Less flexible - may not have rails to all locations. 
E)  Limited access to rail spur.

Question 5

Because of the huge quantities involved, deciding on the use of pipeline is rarely something a buyer needs to consider.

Accepted Answer

A) True 
 B)False

Question 6

The primary objective of deregulation in the United States was to make its domestic transportation systems more efficient by dramatically increasing marketplace competition within the transportation and logistics industry and increasing economic regulation.

Accepted Answer

A) True 
 B)False

Question 7

_____ is defined by CSCMP as that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption to meet customers' requirements.

Accepted Answer

A)  Supply management 
B)  Logistics management 
C)  Purchasing 
D)  Transportation management 
E)  None of the above. 
A)  Supply management 
B)  Logistics management 
C)  Purchasing 
D)  Transportation management 
E)  None of the above.

Question 8

Inland water carriers are usually accessible for most domestic shippers, as lakes, rivers, and canals are widely dispersed throughout the country.

Accepted Answer

A) True 
 B)False

Question 9

A/An _____ involves picking smaller amounts of materials from a series of nearby suppliers to be used in a just-in-time or lean manufacturing environment.

Accepted Answer

A)  common carrier 
B)  exempt carrier 
C)  milk run 
D)  private carrier 
E)  contract carrier 
A)  common carrier 
B)  exempt carrier 
C)  milk run 
D)  private carrier 
E)  contract carrier

Question 10

The use of 3PLs is increasingly becoming a viable option for smaller shippers and infrequent shipments

Accepted Answer

A) True 
 B)False

Question 11

_____ represents the link between a company and its customers.

Accepted Answer

A)  Inbound logistics 
B)  Intraorganizational movement 
C)  Reverse logistics 
D)  Outbound logistics 
E)  Recovery and recycling 
A)  Inbound logistics 
B)  Intraorganizational movement 
C)  Reverse logistics 
D)  Outbound logistics 
E)  Recovery and recycling

Question 12

Historically, expenditures for indirect materials and services have received the same level of management attention as have direct materials.

Accepted Answer

A) True 
 B)False

Question 13

Air freight has a high variable-cost-to-fixed-cost ratio because of the high costs of operating a flight.

Accepted Answer

A) True 
 B)False

Question 14

Which of the following is not one of the major transportation service linkages throughout a typical supply chain?​

Accepted Answer

A)  Production planning. 
B)  Inbound logistics 
C)  Intraorganizational movements. 
D)  Outbound logistics. 
E)  Recovery and recycling. 
A)  Production planning. 
B)  Inbound logistics 
C)  Intraorganizational movements. 
D)  Outbound logistics. 
E)  Recovery and recycling.

Question 15

Which of the following is not one of the disadvantages of motor carrier over other modes of transportation?​

Accepted Answer

A)  High cost. 
B)  Limited to domestic or regional transportation. 
C)  Very long lead times. 
D)  Cannot be used for large volumes. 
E)  None of the above. 
A)  High cost. 
B)  Limited to domestic or regional transportation. 
C)  Very long lead times. 
D)  Cannot be used for large volumes. 
E)  None of the above.

Question 16

_____ refers to the accuracy and on-time consistency of the transportation service, arriving neither late nor early.

Accepted Answer

A)  Reliability 
B)  Capability 
C)  Accessibility 
D)  Total cost 
E)  Speed 
A)  Reliability 
B)  Capability 
C)  Accessibility 
D)  Total cost 
E)  Speed

Question 17

Assigning and maintaining accurate and representative commodity codes for indirect goods and services across an enterprise is relatively easy.

Accepted Answer

A) True 
 B)False

Question 18

Freight shipped _____ means the supplier retains title to the goods and controls the shipment until it is physically received and off-loaded at the consignee's dock.

Accepted Answer

A)  FOB carrier 
B)  FOB origin 
C)  FOB destination 
D)  FOB in transit 
E)  None of the above 
A)  FOB carrier 
B)  FOB origin 
C)  FOB destination 
D)  FOB in transit 
E)  None of the above

Question 19

A PBL agreement and a SLA are similar concepts.

Accepted Answer

A) True 
 B)False

Question 20

More effective control of inbound shipment costs usually requires purchasing goods under a shipping designation of FOB destination.

Accepted Answer

A) True 
 B)False

Which of the following is not one of the disadvantages of water carrier over other modes of transportation?

On average, transportation costs easily comprise ten percentor more of a product's total cost.

A preferred supplier list database should be set up to generate a list of preferred suppliers based on previous project performance criteria.

Which of the following is not one of the disadvantages of rail carrier over other modes of transportation?

Because of the huge quantities involved, deciding on the use of pipeline is rarely something a buyer needs to consider.

The primary objective of deregulation in the United States was to make its domestic transportation systems more efficient by dramatically increasing marketplace competition within the transportation and logistics industry and increasing economic regulation.

_____ is defined by CSCMP as that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption to meet customers' requirements.

Inland water carriers are usually accessible for most domestic shippers, as lakes, rivers, and canals are widely dispersed throughout the country.

A/An _____ involves picking smaller amounts of materials from a series of nearby suppliers to be used in a just-in-time or lean manufacturing environment.

The use of 3PLs is increasingly becoming a viable option for smaller shippers and infrequent shipments

_____ represents the link between a company and its customers.

Historically, expenditures for indirect materials and services have received the same level of management attention as have direct materials.

Air freight has a high variable-cost-to-fixed-cost ratio because of the high costs of operating a flight.

Which of the following is not one of the major transportation service linkages throughout a typical supply chain?

Which of the following is not one of the disadvantages of motor carrier over other modes of transportation?

_____ refers to the accuracy and on-time consistency of the transportation service, arriving neither late nor early.

Assigning and maintaining accurate and representative commodity codes for indirect goods and services across an enterprise is relatively easy.

Freight shipped _____ means the supplier retains title to the goods and controls the shipment until it is physically received and off-loaded at the consignee's dock.

A PBL agreement and a SLA are similar concepts.

More effective control of inbound shipment costs usually requires purchasing goods under a shipping designation of FOB destination.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Exam 17: Purchasing Services

Which of the following is not one of the disadvantages of water carrier over other modes of transportation?

On average, transportation costs easily comprise ten percentor more of a product's total cost.

A preferred supplier list database should be set up to generate a list of preferred suppliers based on previous project performance criteria.

Which of the following is not one of the disadvantages of rail carrier over other modes of transportation?

Because of the huge quantities involved, deciding on the use of pipeline is rarely something a buyer needs to consider.

The primary objective of deregulation in the United States was to make its domestic transportation systems more efficient by dramatically increasing marketplace competition within the transportation and logistics industry and increasing economic regulation.

_____ is defined by CSCMP as that part of supply chain management that plans, implements, and controls the efficient, effective forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption to meet customers' requirements.

Inland water carriers are usually accessible for most domestic shippers, as lakes, rivers, and canals are widely dispersed throughout the country.

A/An _____ involves picking smaller amounts of materials from a series of nearby suppliers to be used in a just-in-time or lean manufacturing environment.

The use of 3PLs is increasingly becoming a viable option for smaller shippers and infrequent shipments

_____ represents the link between a company and its customers.

Historically, expenditures for indirect materials and services have received the same level of management attention as have direct materials.

Air freight has a high variable-cost-to-fixed-cost ratio because of the high costs of operating a flight.

Which of the following is not one of the major transportation service linkages throughout a typical supply chain?​

Which of the following is not one of the disadvantages of motor carrier over other modes of transportation?​

_____ refers to the accuracy and on-time consistency of the transportation service, arriving neither late nor early.

Assigning and maintaining accurate and representative commodity codes for indirect goods and services across an enterprise is relatively easy.

Freight shipped _____ means the supplier retains title to the goods and controls the shipment until it is physically received and off-loaded at the consignee's dock.

A PBL agreement and a SLA are similar concepts.

More effective control of inbound shipment costs usually requires purchasing goods under a shipping designation of FOB destination.

Introduction to Purchasing and Supply Chain Management

The Purchasing Process

Purchasing Policy and Procedures

Supply Management Integration for Competitive Advantage

Purchasing and Supply Management Organization

Category Strategy Development

Supplier Evaluation and Selection

Supplier Quality Management

Supplier Management and Development: Creating a World-Class Supply Base

Worldwide Sourcing

Strategic Cost Management

Purchasing and Supply Chain Analysis: Tools and Techniques

Negotiation and Conflict Management

Contract Management

Purchasing Law and Ethics

Lean Supply Chain Management

Supply Chain Information Systems and Electronic Sourcing

Performance Measurement and Evaluation

Purchasing and Supply Strategy Trends

Filters

Which of the following is not one of the major transportation service linkages throughout a typical supply chain?

Which of the following is not one of the disadvantages of motor carrier over other modes of transportation?