Question 1
Which of the following levels of supply chain information systems is most likely to provide the firm with a competitive advantage?
A.Strategic planning
B.Decision analysis
C.Management control
D.Transaction system
Question 2
A supply chain compliance system
A.Results in reduced inventories
B.Authorizes that the trade partners are authorized economic operators
In C.Monitors C-TPAT compliance
D.B and C
Question 3
The objective of Extensible Markup Language (XML)
In A.Allow for more flexibility when exchanging information between supply chain partners
B.Defines precise formats for information exchange
C.Can be easily converted to Hyper Text Markup Language (HTML)
D.A and C
Question 4
Software as a Service (SaaS) allows for all of the following except
A.Shifts much of the software and related hardware cost from fixed to variable based on time or number of transactions
B.Typically allows data access via the Internet
C.Increase company control over data
In D.Reduces the need for firms to develop and maintain specialized expertise
Question 5
Knowing the location and status of inventory and resources is referred to as:
A.intelligence
B.visibility
In C.knowledge
D.integration
Question 6
The land bridge combines sea and rail transport
A. True
B. False
Question 7
Air transport is characterized by low fixed and high variable cost
A. True
B. False
Question 8
The transportation mode having the best overall operating characteristics is truck.
A. True
B. False
Question 9
Since 1995 the use of intermodal transportation has:
A.Remained about the same
B.Increase significantly
C.Decreased
D.Increased slightly
Question 10
Among the following choices which is typically the most expensive transportation mode:
A.Water
B.Truck
C.Air
Question 11
The transportation economic principle that deals with economy of distance is:
A.Consolidation
B.Load-off
C.Tapering
D.Spanning
Question 12
If a transportation vehicle has completed a delivery and is returned empty, the situation is called a:
A.Backhaul
B.Piggy-back
C.Freight absorption
D.Deadhead
Question 13
With respect to transportation regulation today:
A.There is no economic regulation of transportation
B.There is more economic regulation than ever before
C.There is very little safety/social regulation
D.There is more safety/social regulation than ever before
Question 14
Which combination of transportation operating service characteristics not ?
A.Speed: air is best; pipeline is worst
B.Availability: motor is best; pipeline is worst
C.Capability: air is best; truck is worst
In D.Dependability: pipeline is best; air is worst
Question 15
What happens to the EOQ when the unit cost increases (assuming all other variables remain the same)?
A.EOQ does not change
In B.EOQ increases
C.EOQ decreases
D.EOQ remains the same
Question 16
When calculating a Reorder Point (ROP), which of the following factors WOULD NOT affect the calculation?
A.Item's EOQ
B.Delivery lead time.
C.Demand during the delivery lead time.
D.Standard deviation of demand during delivery lead time.
Question 17
A batch of Raisin Bran that has been made at Kellogg's, but not yet packaged in its final cereal box would be an example of ______ inventory.
A.Raw Material
B.Work-in-process
C.Finished Goods
D.Maintenance, repair and operating supplies (MRO)
Question 18
Which of the following is included in the cost of carrying inventory?
A.Heating and lighting a warehouse
B.Inventory obsolescence
C.Material handling
D.All of the above
Question 19
______________ ______________ is the primary reason that time to market has decreased over the past two decades.
Information Technology
Question 20
Supply Chain Management promotes a network of highly efficient independent businesses?
A. True
B. False
Question 21
There are eight critical supply chain processes?
A. True
B. False
Question 22
A Supply Chain is best described by which of the following:
A.A group of cooperative carriers
B.A formal association of competitive companies
C.Two firms who create a strategic alliance
D.A group of collaborative companies
Question 23
Collaboration is the act of:
A.Sharing secret information
B.Working with competitors
C.Integrating a supply chain
D.Legal in selected supply chain arrangements
Question 24
Cash-to Cash Conversion?
A.Is typically related to inventory turn
B.Is related to freight payment
C.Is the time required to convert raw materials into finished inventory
In D.Is a measure of manufacturing efficiency
Question 25
The primary reason that total logistics cost has reduced as a percentage of GDP is:
A.Nominal GDP has increased
B.Transportation has decreased as a percent of total cost
C.Inventory has decreased as a percent of total cost
In D.Inventory has increased as a percent of total cost
Question 26
The "Pareto Principle" is:
A.Unique to logistical performance measurement
B.A concept developed in manufacturing to integrate logistics and procurement
C.Used in logistics to develop fine line inventory classification
In D.Seldom the result of logistics system design
Question 27
In general, offering consumers higher levels of service output in terms of greater spatial convenience or product variety results in ________ logistics and distribution cost. Higher
higher or increased
Question 28
The customer accommodation cycle for make-to-plan items is typically longer than the cycle for assemble-to-order items.
A. True
B. False
Question 29
Make-to-order strategies typically have lower inventory and warehousing cost than make-to plan strategies.
A. True
B. False
Question 30
Which of the following reflects does not reflect a strategic focus on procurement?
A.focus on total cost of ownership.
B.supply base reduction.
C.focus on purchase price.
In D.win-win negotiation.
Question 31
From a strategic perspective, companies should strive to:
A.provide customer success to all customers
B.realize different customer accommodation approaches may be appropriate for different customers
C.all customers desire close customer success types of relationships
D.never refuse to do business with a customer
Question 32
The most exacting measure of logistics performance regarding availability is:
A.Stock-out frequency
B.Orders shipped complete
C.Fill rate
D.Average number of items on hand
Question 33
Achieving customer satisfaction with logistical performance does not mean that customers will be loyal.
A. True
B. False
Question 34
This manufacturing approach typically has the longest customer experienced lead time?
make-to-order
Question 35
Providing greater spatial convenience to customers typically requires greater logisitics expense.
True
False