SCM 300 EXAM 4 | 2024 QUESTIONS AND ANSWERS
The work of logistics involves ______. - transportation, inventory, order processing, warehousing, and facility network design
The goal of logistics is to ______. - support procurement, manufacturing, and customer accommodation
In 2016 US b...
The work of logistics involves ______. - transportation, inventory, order processing,
warehousing, and facility network design
The goal of logistics is to ______. - support procurement, manufacturing, and customer
accommodation
In 2016 US business logistics costs represented what portion of Gross Domestic
Product (GDP)? - 7.5%
Facility network design is concerned with which of the following? - How many buildings.
The location of the buildings.
The ownership structure of the buildings.
All of the answers
Logistical operations have two main flows: ______. - inventory and information
Which one of these concepts is not part of logistical integration objectives? - Variance
reduction.
Inventory reduction.
Using less parcel shipping.
Correct
Responsiveness.
Logistics is ______. - the process that links supply chain participants into integrated
operations
the catalyst of activity between different supply chain functional areas such as
procurement and warehousing
a critical component to supply chain success
concerned with getting the right product to the right place at the right time, at minimum
cost
All of the above
Performance cycle uncertainty has the following trait: ______. - the larger the variance
to desired goal, the bigger the impact
Total Cost Logistics Model takes into consideration ______. - all expenditures
necessary to perform logistical requirements
Echelon logistics operating arrangements accomplish which of the following? - Utilize
warehouses to create inventory assortments and achieve consolidation economies.
,The logistics value proposition is ______. - the unique commitment of a firm to an
individual or customer group
Logistics systems should be designed to achieve customer service goals while
maintaining lowest possible financial investment in ______. - inventory
The 80/20 rule, often called the Pareto principle means: ______. - 20% of the SKU base
will drive 80% of the demand
Supply chain synchronization attempts to achieve which of the following? - Coordinate
multiple firms activities across the supply chain.
Fill in the Blank Question
Fill in the blank question.
Logistics adds to the supply chain process when inventory is strategically positioned to
achieve sales. - value
Logistics should be managed as an integrated effort to achieve customer satisfaction at
the lowest total - cost
The level of service a firm provides all established customers is known as what type of
service? - Logistics
Understanding total cost opened the door to examining how functional costs interrelate
and impact each other.
True false question.TrueFalse - True
True or false: The key to achieving logistical leadership is not to master the art of
matching operating competency or commitment to key customer expectations and
requirements.
True false question.TrueFalse - False
Which competency do firms use and understand to help achieve competitive
advantage? - logistical
Fill in the Blank Question
Fill in the blank question.
Logistics exist to move and position inventory to achieve desired time, place, and
benefits at the lowest total cost. - possession
Logistics that is managed in order to achieve customer satisfaction while avoiding
budget fees will create which of the following? - Value
, Besides forecasting, what is the other customer requirement of logistical work driven by
information? - communication
Excessive ninventory nmay ncompensate nfor nBlank______ nin nthe ndesign nof nthe nlogistics
nsystem nbut nwill nultimately nresult nin na nhigher nthan nnecessary ntotal nsystem ncost.
Multiple nchoice nquestion.
innovation
data
deficiencies n- ndeficiencies
Fill nin nthe nBlank nQuestion
Fill nin nthe nblank nquestion.
Many nlong-standing npractices nof naccounting ncontinue nto nserve nas na nto nfully
nimplementing ntotal ncost nlogistical nsolutions. n- nbarrier
True nor nfalse: nTransportation nis na nsubset nof nlogistics nthat ngeographically nmoves nand
npositions ninventory.
True nfalse nquestion.TrueFalse n- nTrue
Fill nin nthe nBlank nQuestion
Fill nin nthe nblank nquestion.
The ntypical nenterprise nseeks nto ndevelop nand nimplement nan noverall nlogistical
ncompetency nthat nsatisfies nexpectations nat na nrealistic ntotal ncost nexpenditure. n- ncustomer
What nis nthe nterm nfor na nfirm nthat nacquires nservices nof na nwarehouse nspecialist?
Multiple nchoice nquestion.
3PL
Temps
Acquisition n- n3PL
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