1.The logistics pipeline is another term for what?

1

• 1. The logistics pipeline is another term for
  what?
• channels of distribution
• supply chain
• integrated management
• information flows

2

• 2. Which is an attempt to increase the velocity
  of inventory in the packaged goods industry
  throughout the supply chain of wholesalers,
  distributors, and ultimately to the customers?
• ECR
• JIT
• TQM
• EDI

3

• 3. Ensuring the availability of the right
  product, in the right quantity, and the right
  condition, at the right place, at the right time,
  for the right customer, at the right cost, is
  which definition of logistics?
•  
• Seven Rs
• Council of Logistics Management
• Society of Logistics Engineers
• Supply chain logistics

4

• 4. The process of planning, implementing and
  controlling the efficient, cost-effective flow
  and storage of raw materials, in-process
  inventory, finished goods and related information
  from point of origin to point of consumption for
  the purpose of conforming to customer
  requirements is the definition of logistics
•  
• From an inventory perspective.
• Called the Seven Rs.
• Offered by the Society of Logistics Engineers.
• Provided by the Council of Logistics Management.

5

• 5. Inefficiencies can occur in the supply chain,
  especially with respect to inventory accumulation
  and/or lack of approximate customer service
  levels. What is lacking?
•  
• Capability
• Reliability
• Integration
• Quality

6

• 6. With what type of purchase would you need to
  identify all possible suppliers?
•  
• a straight rebuy
• a modified rebuy
• a new buy
• routine purchase

7

• 7. The cross-docking approach is a good example
  of what kind of logistics system?
•  
• Logistics pipeline
• Outbound logistics system
• Inbound logistics system
• Push inventory system

8

• 8. What function recognizes the importance of
  speed, flexibility, customization, and
  reliability?
•  
• Manufacturing
• Transportation
• Distribution
• Customer service

9

• 9. Inventory as a percent of GNP has generally
  been declining in recent years. Which factor is
  responsible?
•  
• Reduction and elimination of unnecessary levels
  of inventory
• Improved transportation service
• Increases in inventory turnover rates
• Improvements in communications and information
  technology
• All of the above

10

• 10. The average inventory of XYZ Company is
  valued at 500,000. The annual carrying cost of
  carrying the inventory is 20 percent. Which is
  the annual cost of carrying inventory?
•  
• 50,000
• 100,000
• 200,000
• 500,000

11

• 11. Which of the following environmental
  conditions would be the most conducive to the
  adoption of a pull or reactive approach to
  inventory management?
•  
• When either order cycle time or demand levels are
  uncertain
• When there are no capacity limitations at
  market-oriented warehouses or DCs
• When dependent demand exists
• When the overall logistics function evidences a
  greater degree of sophistication

12

• 12. Which two basic costs are considered in the
  basic EOQ model?
•  
• Carrying costs and interest costs
• Setup costs and order costs
• Obsolescence and interest costs
• Order costs and carrying costs

13

• 13. Which type of utility does warehousing create
  in goods?
•  
• Time
• Place
• Form
• Ownership

14

• 14. For the inbound logistics system, what is
  consolidation?
•  
• Bringing together long-distance, volume shipments
  which are then shipped short distances in
  less-than-volume shipments
• Bringing together short-distance,
  less-than-volume shipments which are shipped long
  distances in volume quantities
• Bringing together an assortment of different
  types of finished goods
• Stowing raw materials by grade, quality, size,
  cost, etc.

15

• 15. Materials handling is a term applied to
•  
• Order processing
• Warehouse space utilization
• The use of automatic equipment
• Movement into, out of, and within storage
  facilities

16

• 16. The efficient short-distance movement that
  usually takes place within the confines of a
  building such as a plant or a warehouse and
  between a building and a transportation agency,
  defines
•  
• Logistics management
• Logistics networking
• Materials handling
• Traffic management

17

• 17. Which is the largest component of total
  physical distribution costs?
•  
• Inbound transportation
• Outbound transportation
• Warehousing
• Inventory carrying cost

18

• 18. What is the direct effect, on a shipper, of a
  carrier's reliability or consistency of transit
  time?
•  
• The complexity of interface functions encountered
• Safety stock requirements
• The degree of intermodal sufficiency
• The amount of materials handling cost incurred

19

• 19. Which mode is not economically regulated by
  the ICC?
•  
• Motor carriers
• Air carriers
• Domestic water carriers
• Railroads

20

• 20. What is an order bill of lading?
•  
• An order for goods which a firm issues to a
  vendor
• The same as a freight bill
• A negotiable instrument that acts as a
  certificate of title
• A purchase invoice

21

• 21. An order management system is designed to
•  
• Control inventories for the customer
• Control inventories for the manufacturer
• Provide a communication network linking the
  customer and manufacturer
• Aggravate the sales force

22

• 22. All of the following are regarded as a
  principal activity or element of lead time
  except
•  
• Order planning
• Order placement
• Order processing
• Order preparation

23

• 23. Which effect does a logistics facility
  location have on a firm's transportation costs,
  service levels, and inventory costs?
•  
• Direct
• Indirect
• Converse
• Inverse

24

• 24. What type of change may suggest a need to
  reevaluate and/or redesign a firm's logistics
  network?
•  
• Change in customer service requirements
• Change in corporate ownership
• Cost pressures and competitive capabilities
• Shifting locations of customer and/or supplier
  markets
• All of the above

25

• 25. A function of international logistics is to
  create which types of utility?
•  
• Time and ownership
• Time and form
• Time and place
• Form and ownership

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The End!