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SCM 301 Final- Iowa State University || Already Graded A+.

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  • SCM 301
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  • SCM 301

Warehousing correct answers Companies storing their purchases, work-in progress, and finished goods Distribution Center correct answers A warehouse that is used to receive bulk shipments, break them down, repackage items, and distribute them to a manufacturing center or retail center Crossdoc...

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  • 12 septembre 2024
  • 12
  • 2024/2025
  • Examen
  • Questions et réponses
  • SCM 301
  • SCM 301
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SCM 301 Final- Iowa State University || Already Graded A+.
Warehousing correct answers Companies storing their purchases, work-in progress, and finished
goods

Distribution Center correct answers A warehouse that is used to receive bulk shipments, break
them down, repackage items, and distribute them to a manufacturing center or retail center

Crossdocking correct answers Unloading an inbound vehicle and reloading the product onto an
outbound vehicle with little to no storage

Sorting correct answers Separating products into grades and qualities

Assorting correct answers Building up a variety of products

Risk Pooling correct answers the relationship between the number of warehouses, system
inventories, and customer service. The effect of risk pooling can be estimated by the square root
rule.

More Centralized correct answers = lower safety stock, lower average inventory, higher lead
times

More Decentralized correct answers = higher safety stock, higher average inventory, lower lead
times

Consolidation Warehouse correct answers collect LTL shipments for transport in TL/CL
quantities

Private Warehouse correct answers warehouses that are owned and used by an organization
(used by large companies, high volume of products, fixed cost)

Public (3PL) Warehouse correct answers warehouses that are rented or leased to an organization
by another organization (used by smaller companies, low volume of products, variable cost)

Cold Chains Warehouse correct answers - temperate controlled transportation and warehouses

Benefits of Private Warehouses correct answers • reduces purchasing and transportation cost
• more control
• tax advantages

Disadvantages of Private Warehouses correct answers • financial risk, can't spend that money
elsewhere
• insurance companies prefer to insure public

Benefits of Public Warehouses correct answers • Flexibility and investment cost savings
• 3PL repackaging, assembling, short & long term storage

, Disadvantage of Public Warehouses correct answers Lack of Control

Basic Warehouse Operations correct answers • Movement- receiving, putting away, order
picking, shipping
• Storage- Warehouse management system (where product is store, how much you have)

Warehouse Productivity Measures correct answers • productivity ratio
• orders correctly filled
• pounds/units per day

Warehousing Trends correct answers • More public warehouses (3PL)
• sharing information within company and with customers
• added value by packaging or assembling products

Transportation Management Systems correct answers software that allows companies to select
the best mix of transportation modes, services, and pricing

Global Trade Management Systems correct answers provide global visibility, standardization,
and documentation of imports/exports as goods are shipped between countries

Warehouse Management Systems correct answers Software facilitating the proper storage and
movement of inventory

Bill of Lading correct answers common carrier is responsible for all losses, damages, delays in
shipment besides acts of nature. States what supplier is shipping.

Reverse Logistics correct answers Movement of goods from the customer back to the supplier

FOB Destination Pricing correct answers Supplier is legally responsible for goods until they
arrive to the supplier

FOB Origin Pricing correct answers Buyer is legally responsible for goods as soon as they
purchase them

Intermodal Transportation correct answers Using 2 or more modes of transportation
• trailer-on-flatcar
• container-on-flatcar (piggyback service)
• roll-on-roll-off (RORO) vessels- allows vehicles to be directly driven onto cargo ships

Modes of Transportation correct answers • truck (most flexible, most popular, low costs)
• air carriers (most expensive mode, high security, fast)
• water (cheap, inflexible, slow, heavy bulky goods, low security)
• train (long, heavy, & bulky shipments)

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