Question 1

What is a reason for using 3PL services?

Accepted Answer

A)   Outsourcing is not a corporate philosophy
B)   Logistics is a core competency of the company
C)   Company needs greater process flexibility
D)   Company requires shipment security C

Question 2

According to the book,3PL spending is highest in:

Accepted Answer

A)   North America
B)   Europe
C)   Asia-Pacific
D)   Latin America C

Question 3

As of 2013 the 3PL industry produced revenues of:

Accepted Answer

A)   $704 Billion
B)   $487 Billion
C)   $74 Trillion
D)   $998 Million A

Question 4

When deciding to form a strategic partnership the book recommends performing an audit of needs and overall strategies with regard to logistics operations.What is the goal of the audit,and what types of information should come from the audit?

Accepted Answer

The answer of When deciding to form a strategic partnership...

Question 5

Describe the future issues and challenges facing the 3PL industry.

Accepted Answer

The answer of Describe the future issues and challenges facing...

Question 6

A financial base 3PL does what?

Accepted Answer

The answer of A financial base 3PL does what?...

Question 7

According to the Penn State-Capgemini study what percentage of 3PL users state that their 3PL relationships are successful?

Accepted Answer

A)   97%
B)   90%
C)   86%
D)   75%

Question 8

What type of 3PL traces their origin to freight movement via truck,rail,or other?

Accepted Answer

A)   Forwarder based
B)   Financial based
C)   Distribution based
D)   Transportation based

Question 9

An asset based 3PL can be defined as:

Accepted Answer

The answer of An asset based 3PL can be defined...

Question 10

3PLs are typically categorized based upon their foundational service offering such as:

Accepted Answer

A)   Transportation, Distribution, and Marketing
B)   Forwarder, Distribution, and Human Resources
C)   Transportation, Distribution, and Forwarder
D)   Human Resources, Marketing, and Distribution

Question 11

Between 1996 and 2013 U.S.spending on 3PL service increased by:

Accepted Answer

A)   $81 Billion
B)   $91 Billion
C)   $100 Billion
D)   $116 Billion

Question 12

Describe the strengths and weaknesses of a non-asset based 3PL

Accepted Answer

The answer of Describe the strengths and weaknesses of a...

Question 13

Companies may smartly outsource all of the following except:

Accepted Answer

A)   Information technology
B)   Core activities
C)   Manufacturing
D)   Logistics

Question 14

Please list and explain four of the ten intermediary and special services (as listed in the textbook)which are offered by 3PLs to their customers.

Accepted Answer

The answer of Please list and explain four of the...

Question 15

What type of service involves local transportation of containerized cargo?

Accepted Answer

A)   Merge in transit
B)   Surface freight forwarding
C)   Intermodal marketing
D)   Drayage

Question 16

Which of the following is not a concern with a non-asset based 3PL?

Accepted Answer

A)   Significant internal capacity
B)   Complexity of the relationship
C)   Lack of flexibility
D)   Ability to create internal economy of scale

Question 17

Which strategic requirement involves 3PLs supporting home delivery,manufacturer direct delivery,and alternate site delivery?

Accepted Answer

A)   International expertise
B)   Sustainability knowledge
C)   Omni-channel agility
D)   Talent availability

Question 18

List five of the eight elements of a well structured 3PL operating model.

Accepted Answer

The answer of List five of the eight elements of...

Question 19

What is the primary role of an Air Freight Forwarder?

Accepted Answer

The answer of What is the primary role of an...

Question 20

Which of the following companies do not use 3PLs?

Accepted Answer

A)   Procter and Gamble
B)   Walmart
C)   General Motors
D)   General Morots, Walmart and Procter and Gamble use 3PLs

Exam 12: Third Party Logistics