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OMIS 340 Final Exam Questions with complete solution

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OMIS 340 Final Exam Questions with complete solution OMIS 340 Final Exam Logistics - correct answer Planning, implementing, and controlling the effective flow and storage of goods and materials, services, and related information from the point of origin to the point of consumption Distribu...

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  • November 5, 2024
  • 15
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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OMIS 340 Final Exam
Logistics - correct answer ✔Planning, implementing, and controlling the
effective flow and storage of goods and materials, services, and related
information from the point of origin to the point of consumption


Distribution and Delivery tend to focus on the ____ - correct answer
✔downstream activities


Logistic expenses are - correct answer ✔Around 8% of GDP
Second only to material costs in terms of their impact on cost of goods sold
The largest costs in international commerce


major transportation modes - correct answer ✔Highway
Water
Rail
Air


Highway Mode Strengths - correct answer ✔Can be available 24/7
Flexibility to pick up and deliver where and when needed
Often the best balance between cost/flexibility and delivery reliability/speed


Highway Mode Weaknesses - correct answer ✔Not the fastest
Not the cheapest


Water Mode Strengths - correct answer ✔Most effective when linked into
multimodal system

, Highly cost effective for bulky items


Water Mode Weaknesses - correct answer ✔Relatively poor delivery
reliability/speed
Often limited operating hours at docks
Limited locations


Rail Mode Strengths - correct answer ✔Highly cost effective for bulky items
Better delivery reliability/speed than water
Can be most effective when linked into multimodal system


Rail Mode Weaknesses - correct answer ✔Slow
Limited locations, but better than for water.


Air Mode Strengths - correct answer ✔Quickest delivery over longer
distances
Can be very flexible when linked to highway mode
Best for low weight-to-value ratio items


Air Mode Weaknesses - correct answer ✔Often the most expensive,
particularly on a per pound basis


Common Carriers - correct answer ✔Published rates and schedules
"Nondiscriminatory" pricing
Increased flexibility to partner

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