Part 1 of 1 - 50.0 Points
Question 1 of 40
1.25 Points
Over the last several decades, power in supply chains has increasingly been shifting to:
A.manufacturers
B.third party logistics providers
Correct C.retailers
D.wholesalers
Answer Key: C
Question 2 of 40
1.25 Points
Which type of supply chain relationship typically requires the least information sharing among participants.
A.outsourcing
B.alliance
C.administered
Correct D.contracting
Answer Key: D
Question 3 of 40
1.25 Points
Initial implementation of successful supply chain collaborative relationships seems to require:
A.identical organizational cultures
Correct B.common organizational vision
C.compatible information systems
D.all of the above
Answer Key: B
Question 4 of 40
1.25 Points
Jones Company consistently delivers on-time as promised to customers. This type of performance is critical to:
Correct A.developing reliability based trust
B.developing character based trust
C.developing power in a supply chain
D.none of the above
Answer Key: A
Question 5 of 40
1.25 Points
Joe Jones has put in place a new set of performance metrics for the Logistics Department at his firm. He is convinced that these will give him better information about the department's performance, but is concerned that he doesn't know what type of behavior the new measurement system will encourage in his employees. Joe seems to be concerned about which objective of performance measurement?
A.monitoring
Correct B.directing
C.controlling
D.measuring
Answer Key: B
Question 6 of 40
1.25 Points
Which of the following metrics would be part of the "internal operations perspective" in the Balanced Scorecard?
A.return on investment
B.fill rate
C.number of credit claims
Correct D.units shipped per employee
Answer Key: D
Question 7 of 40
1.25 Points
Which of the following supply chain comprehensive metrics is likely the most difficult to actually quantify?
Correct A.supply chain response time
B.inventory days of supply
C.dwell time
D.cash-to-cash conversion
Answer Key: A
Question 8 of 40
1.25 Points
The primary benefits of low product complexity include all of the following except:
Correct A.Increased revenue
B.Improved product quality and reliability
C.Improved product development
D.Decreased sales support cost
Answer Key: A
Question 9 of 40
1.25 Points
Which of the following are environmental initiatives being used by firms in their supply chains
A.Reduced packaging
B.Product recycling after useful life
C.Supply chain redesign to minimize carbon
Correct D.All of the above
Answer Key: D
Question 10 of 40
1.25 Points
The benefit of TASC is that firms minimize their
Correct A.tax liability
B.transportation cost
C.inventory carrying cost
D.fixed costs
Answer Key: A
Question 11 of 40
1.25 Points
The major benefit firms associate with integrated logistics services providers is
Correct A.greater ease of managing outsourced logistics services
B.inventory reduction
C.proactive information technology
D.custom-built solutions
Answer Key: A
Question 12 of 40
1.25 Points
C-TPAT
Correct A.Seeks to advance certify selected shippers through self appraisals of security procedures coupled with customs audits and verifications
B.Require detailed cargo data before the cargo enters or leaves the U.S.
C.Allows for low-risk goods transported by trusted carriers for trusted firms to pass rapidly through border crossings
D.Calls for prescreening of containers when entering the U.S.
Answer Key: A
Question 13 of 40
1.25 Points
The document that lists and details the contents and conditions of a shipment is called:
Correct A.The Bill of Lading
B.The Tariff
C.Proof of Delivery
D.The Invoice
Answer Key: A
Question 14 of 40
1.25 Points
Declining transport rates as the quantity shipped increases represents:
Correct A.Economy of Scale
B.Economy of Distance (Tonne Miles)
C.The Tapering Principle
D.Economy of Energy (Fuel Cost/Tonne Mile)
Answer Key: A
Question 15 of 40
1.25 Points
To facilitate classification of a large variety of different items being shipped on a single invoice a Traffic Manager may want to consider:
A.Time Volume Rates
Correct B.FAK Rates
C.Class Rates
D.Commodity Rates
Answer Key: B
Question 16 of 40
1.25 Points
The four economic benefits of warehousing are:
A.Receiving, shipping, handling, and storage
Correct B.Consolidation, sorting, seasonal storage, and reverse logistics
C.Shipping, receiving, assortment, and value added
D.None of the above.
Answer Key: B
Question 17 of 40
1.25 Points
Which of the following is a prime determinant of master carton size?
Correct A.Economies of scale in handling
B.Retail sale presentation
C.Large enough for appealing consumer graphic design
D.All of the above are prime determinants of master carton size
Answer Key: A
Question 18 of 40
1.25 Points
Which of the following is not true about rigid containers?
A.Improve overall material movement efficiency
B.Provide greater protection from environmental elements
C.Reduce in pilferage
Correct D.All of the above are true
Answer Key: D
Question 19 of 40
1.25 Points
In which type of handling system is labor cost generally the highest percentage?
A.Semi-automated
B.Automated
Correct C.Mechanized
D.Information-directed
Answer Key: C
Question 20 of 40
1.25 Points
Firms are globalizing their operations today for all of the following reasons except to
A.take advantage of lower labor rates
B.obtain reductions in value-added taxes
C.source product from locations that involve less transportation uncertainty
Correct D.simplify product variations
Answer Key: D
Question 21 of 40
1.25 Points
The major justification for Cabotage laws was to
A.reduce transportation cost
Correct B.protect domestic transportation industry
C.protect domestic infrastructure
D.reduce transportation uncertainty
Answer Key: B
Question 22 of 40
1.25 Points
Which of the following does not represent challenges for low-cost country sourcing?
A.Identification of sources capable of producing the materials in the quality and quantity required
B.Protection of the firm's intellectual property
Correct C.Identifying low cost production sources
D.Inventory and obsolescence risk associated with longer lead times
Answer Key: C
Question 23 of 40
1.25 Points
All other things being equal, domestic sourcing would be suggested for
A.products with high labor content
B.products with low transportation uncertainty
C.products with long life cycles
Correct D.products with high value
Answer Key: D
Question 24 of 40
1.25 Points
All other things being equal, low cost country sourcing would be suggested for
A.products with low labor content
Correct B.products with low intellectual property content
C.products with high security or import constraints
D.products with many varieties
Answer Key: B
Question 25 of 40
1.25 Points
Local Presence is considered an obsolete paradigm because:
Correct A.the advent of timely and consistent transportation
B.customers are willing to wait for delivery
C.having inventory immediately available is no longer required
D.local presence was replaced by regional warehousing
Answer Key: A
Question 26 of 40
1.25 Points
When designing a warehouse network if the overall safety stock increases as the number of warehouses increase then network uncertainty is increasing.
Correct
A. True
B. False
Answer Key: True
Question 27 of 40
1.25 Points
Each unique location analysis has a unique threshold service level.
Correct
A. True
B. False
Answer Key: True
Question 28 of 40
1.25 Points
The threshold service level is the starting point for cost revenue sensitivity analysis.
Correct
A. True
B. False
Answer Key: True
Question 29 of 40
1.25 Points
The relationship between uncertainty and inventory is estimated using the square root rule.
Correct
A. True
B. False
Answer Key: True
Question 30 of 40
1.25 Points
In-transit stock inventory can be available to promise.
Correct
A. True
B. False
Answer Key: True
Question 31 of 40
1.25 Points
Warehouses can be justified on the basis of cost, specific service objective or generalized local presence.
Correct
A. True
B. False
Answer Key: True
Question 32 of 40
1.25 Points
A disadvantage of RFID tags versus UPC codes is that RFID is more expensive
Correct
A. True
B. False
Answer Key: True
Question 33 of 40
1.25 Points
AS/RS systems attempt to provide maximum storage density per square foot of floor space in a warehouse.
Correct
A. True
B. False
Answer Key: True
Question 34 of 40
1.25 Points
Semi-automated material handling systems generally have a higher labor cost percentage than mechanized systems.
Correct
A. True
B. False
Answer Key: False
Question 35 of 40
1.25 Points
When a company cross-docks products, the products are generally in storage for several days.
Correct
A. True
B. False
Answer Key: False
Question 36 of 40
1.25 Points
As a general rule the greater the density the lower the freight rate.
Correct
A. True
B. False
Answer Key: True
Question 37 of 40
1.25 Points
If your company does not want responsibility for freight damage they should negotiate FOB Destination rates
Correct
A. True
B. False
Answer Key: True
Question 38 of 40
1.25 Points
Activity-based costing is a methodology for avoiding allocation of expenses to customer or product segments.
Correct
A. True
B. False
Answer Key: False
Question 39 of 40
1.25 Points
Benchmarking processes is less common than benchmarking performance metrics.
Correct
A. True
B. False
Answer Key: True
Question 40 of 40
1.25 Points
Most successful initiatives to improve supply chain competitiveness include third-party or integrated service providers in the collaboration.
Correct
A. True
B. False
Answer Key: True
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