110 Multiple choice questions

1. supplying materials and component parts whose demand depends on the demand for a specific end product
   1. Materials requirement Planning
   2. Water Percent
   3. Water Carriers
   4. MRP system elements
2. High variable and low fixed cost
   1. Allocation
   2. Water Carriers
   3. Air Percent
   4. Uncertainty
3. Cost of placing order which may have both fixed and variable components
   1. Order Cost
   2. In-Transit
   3. Capital Cost
   4. Water Percent
4. Capital Cost = Carry Inventory
   Storage space cost is not relevant
   Insurance requires special analysis
   Obsolescence is not as important
   1. Ordering Cost or Setup Cost
   2. Vendor-Managed Inventory
   3. Determining the Cost of In-Transit Inventories
   4. Department responsible for transportation
5. includes insurance and taxes
   1. Inventory Risk Cost
   2. Expected Stockout Cost
   3. Inventory Service Cost
   4. Water Percent
6. many situations were dominated by a relatively few vital elements.
   1. Setup Costs
   2. Pareto's law
   3. Capital Cost
   4. Inventory v GDP
7. Balancing supply and demand.
   
   Protecting against uncertainty.
   
   Allowing quantity purchase discounts.
   
   Supporting production requirements.
   
   Promoting transportation economies.
   1. The Role of Distribution in SCM
   2. Heuristic Models
   3. Distribution Execution
   4. Expected Stockout Cost
8. 1.2%
   1. Rail Percent
   2. Air Percent
   3. Pipe Percent
   4. Water Percent
9. A static approach, and the solution is optimum for only one point in time.
   The technique assumes linear transportation rates, whereas actual transportation rates increase with distance but less than proportionally.
   The technique does not consider the topographic conditions.
   1. Heuristic Models
   2. Distribution Execution
   3. The Grid Technique Limitations
   4. Facility Considerations
10. Short-term horizon
    Too little or too much detail
    Thinking in two dimensions
    Using published costs
    Inaccurate or incomplete costs
    Use of erroneous analytical techniques
    Lack of appropriate robustness analysis
    1. Reliability disadvantage:
    2. Potential Supply Chain Modeling Pitfalls to Avoid
    3. Transportation Challenges
    4. Optimization Models
11. Air, rail, and water
    1. Accessibility disadvantage:
    2. Accessibility advantage:
    3. The Grid Technique Advantages
    4. Safety advantage:
12. Routing and scheduling
    Load planning
    Load tendering
    Status tracking
    Appointment scheduling
    1. Transportation Challenges
    2. Transportation Management Systems Involve
    3. Vendor-Managed Inventory
    4. Transportation facilitates which utilities
13. High variable and low fixed cost
    1. ABC Analysis
    2. Sortation
    3. Air Carriers
    4. Assortment
14. Master production schedule (MPS)
    Bill of materials file (BOM)
    Inventory status file (ISF)
    MRP program
    Outputs and reports
    1. MRP system elements
    2. Heuristic Models
    3. Water Percent
    4. Pipe Percent
15. time associated with transportation and the inventory costs that are associated with it.
    1. In-Transit
    2. Uncertainty
    3. C-Items
    4. Order Cost
16. Costs incurred by inventory at rest and waiting to be used.
    1. Storage Space Cost
    2. Water Carriers
    3. Inventory Carrying Costs
    4. Capital Cost
17. Most important
    1. A-Items
    2. B-Items
    3. VMI
    4. MPS
18. Least Important
    1. MRP
    2. DRP
    3. VMI
    4. C-Items
19. The supplier and its customer agree on which products are to be managed using in the customer's distribution centers.
    Also called "pull" data
    1. Vendor-Managed Inventory
    2. Uncertainty
    3. Storage Space Cost
    4. Inventory Service Cost
20. Producing and acquiring goods.
    1. C-Items
    2. Transportation
    3. Accumulation
    4. Assortment
21. Finance
    Marketing
    Manufacturing
    1. Batching Economies Sources
    2. Areas where logistics interfaces:
    3. Safety disadvantage:
    4. Reliability advantage:
22. 4.6%
    1. Assortment
    2. Water Percent
    3. Water Carriers
    4. Pipeline
23. Focus on available inventory.
    1. Transportation
    2. Allocation
    3. Air Carriers
    4. A-Items
24. Inventory Status File
    1. Motor
    2. MPS
    3. KPI
    4. ISF
25. bill of lading
    1. MRP
    2. B/L
    3. VMI
    4. TMS
26. Goods flow from receiving to shipping with minimal interim sorting
    1. Cross Docking
    2. Air Percent
    3. Railroads
    4. Cost advantage:
27. Positioning of inventories located at "market-facing" logistics facilities 
    Greater use of "customer direct" delivery 
    "Cross-docking"
    Due diligence for location and site selection
    Greater use of third-party-logistics services
    1. Inventory Carrying Costs
    2. Foreign Trade Zone (FTZ)
    3. Short run planning
    4. Current Trends Governing Site
28. Truck
    Rail
    Air
    Water
    Pipeline
    Intermodal transportation
    1. Modes of Transportation
    2. Transportation
    3. Facility Considerations
    4. Inventory Risk Cost
29. Air and motor carriage
    1. Accessibility advantage:
    2. Reliability disadvantage:
    3. Cost advantage:
    4. Safety advantage:
30. Inventory control
    Safety, maintenance, and sanitation 
    Security
    Performance analysis
    Information technology
    1. Assortment
    2. Cross Docking
    3. Support Functions
    4. Short run planning
31. Procurement, Production, Transportation
    1. Facility Considerations
    2. Air Carriers
    3. Internal Measures
    4. Batching Economies Sources
32. Logistics
    Procurement
    Marketing
    1. Transportation
    2. Ordering Cost or Setup Cost
    3. Department responsible for transportation
    4. Perfect order index (POI)
33. reflects the possibility that inventory value might decline for reasons beyond firm's control
    1. Inventory
    2. In-Transit
    3. Anticipatory Stocks
    4. Inventory Risk Cost
34. refers to the expense of placing an order for additional inventory, not including product cost
    1. Setup Costs
    2. Ordering Cost or Setup Cost
    3. Inventory Service Cost
    4. Trucking Percent
35. Simplicity and its ability to provide a starting point for location analysis.
    Provides a starting point for making a location decision.
    1. The Grid Technique Advantages
    2. Accessibility advantage:
    3. Reliability advantage:
    4. Transit time advantage:
36. Water carriers and rail carriers
    1. Reliability disadvantage:
    2. Cost advantage:
    3. Reliability advantage:
    4. Safety disadvantage:
37. Zero Inventories
    Short, consistent lead times
    small, frequent replenishment quantities
    high quality, or zero deficits
    1. Modeling Approaches
    2. Just-in-Time Approach Elements
    3. Distribution Tradeoffs
    4. Capability Requirements
38. U.S. population shifts
    
    Service/cost requirements of JIT manufacturing 
    
    European Union
    
    Continuing searches for lower-cost manufacturing
    growing economic importance of China and the
    Asia-Pacific
    sourcing of raw materials from offshore suppliers
    1. Transportation facilitates which utilities
    2. Shifting Locations of Customer and/or Supply Markets
    3. Batching Economies Sources
    4. Transit time disadvantage
39. Air and motor carriage
    1. Accessibility advantage:
    2. Accessibility disadvantage:
    3. Transit time disadvantage
    4. Cost disadvantage:
40. Minimum rate of return on new investments.
    1. Hurdle Rate
    2. Order Cost
    3. Assortment
    4. Uncertainty
41. Direct shipment of goods
    
    Movement of goods through distribution facilities to customers
    1. Distribution Tradeoffs
    2. pull approach
    3. Inventory Service Cost
    4. Two options for product flow
42. Can occur in the supply of raw materials, in the demand for finished product, or in both. There is a need to know the proper inventory level to have. Can impact transportation.
    1. Railroads
    2. ABC Analysis
    3. Cross Docking
    4. Seasonal Stocks
43. Change in Corporate Ownership
    Cost Pressures
    Competitive Capabilities
    Corporate Organizational Change
    1. factors driving design change
    2. Accessibility advantage:
    3. Transit time disadvantage
    4. Short run planning
44. originates the shipment
    provides all the information the carrier needs
    stipulates the contract terms, including carrier's liability for loss and damage 
    acts as a receipt for the goods the shipper tenders to the carrier
    in some cases, shows certificate of title to the goods
    1. independent demand
    2. dependent demand
    3. The Bill of Landing does what?
    4. Facility Considerations
45. a geographic area into which importers can enter a product and hold it without paying duties—and only paying duties or customs when is it shipped into U.S. customs territory.
    1. Storage Space Cost
    2. Freight claims form
    3. Foreign Trade Zone (FTZ)
    4. In-Transit
46. Includes handling costs associated with moving products into and out of inventory, as well as such costs as rent, heat, and light
    1. Air Percent
    2. Rail Percent
    3. Transportation
    4. Storage Space Cost
47. Arises in Demand and obtaining materials from suppliers.
    1. C-Items
    2. ISF
    3. Inventory
    4. Uncertainty
48. Rail and water
    1. Accessibility disadvantage:
    2. Safety disadvantage:
    3. Accessibility advantage:
    4. Cost disadvantage:
49. Cost of distribution centers and inventory vs. cost of transportation
    
    Cost of additional facilities vs. level of customer service
    
    Space vs. equipment
    
    Equipment vs. people
    
    People vs. space
    1. Optimization Models
    2. Distribution Execution
    3. Distribution Tradeoffs
    4. Transportation Challenges
50. Vendor-Managed Inventory
    1. TMS
    2. ISF
    3. VMI
    4. BOM
51. associated with manufacturing; how long it takes to get from raw materials to finished goods, and the costs associated.
    1. Work-in-Progress
    2. Motor
    3. Water Carriers
    4. Railroads
52. carrier's invoice for carrier charges
    1. Order Cost
    2. Freight bill
    3. B/L
    4. Capital Cost
53. Back order, which has variable costs. Loss of sales. Loss of customers
    1. Inventory Service Cost
    2. Storage Space Cost
    3. Expected Stockout Cost
    4. Inventory Risk Cost
54. Air and motor carriage
    1. Accessibility advantage:
    2. Transit time advantage:
    3. Safety disadvantage:
    4. Reliability disadvantage:
55. recoup monetary losses
    1. Freight claims form
    2. In-Transit
    3. A-Items
    4. Setup Costs
56. specific blanket area, the transportation definition of a particular city or town.
    1. Hurdle Rate
    2. Commercial Zone
    3. Allocation
    4. Sortation
57. software control system that improves product movement and storage operations
    1. Warehouse Management Systems (WMS)
    2. dependent demand
    3. independent demand
    4. Vendor-Managed Inventory
58. Owner of product while it is in transit will incur resulting carrying costs.
    1. Current Trends Governing Site
    2. In-Transit Inventory Carrying Cost
    3. Transportation Challenges
    4. Ordering Cost or Setup Cost
59. generate performance reports
    support paperless processes
    enable integration of materials handling equipment
    picking systems
    sorting systems
    leverage wireless communication
    1. Storage Space Cost
    2. impractical in the short run
    3. value-added capabilities of a WMS
    4. Allocation
60. Accumulation
    
    Sortation
    
    Allocation
    
    Assortment
    1. Distribution Facility Functionality
       Primary Functions:
    2. Distribution Execution
    3. Facility Considerations
    4. Distribution cost tradeoffs with other functional areas
61. High fixed versus low variable.
    Product moves through it in high volume
    1. KPI
    2. VMI
    3. B-Items
    4. Pipeline
62. Assigns inventory items to one of three groups according to the relative impact or value of the items
    1. Capital Cost
    2. ABC Analysis
    3. Uncertainty
    4. Allocation
63. expenses incurred each time an organization modifies a production or assembly line to produce a different item for inventory
    1. Motor
    2. Setup Costs
    3. Air Percent
    4. Order Cost
64. Distribution cost efficiency
    Aggregate cost efficiency
    Asset utilization 
    Resource productivity
    Resource efficiency
    1. Internal Measures
    2. Inventory
    3. Water Carriers
    4. Seasonal Stocks
65. 4.7%
    1. Pipe Percent
    2. Trucking Percent
    3. Air Percent
    4. Pipeline
66. relies on customer orders to move product through a logistics system
    1. Pipe Percent
    2. push approach
    3. pull approach
    4. Railroads
67. cost efficiency
    inventory accuracy
    order fill rates
    capacity utilization
    1. Simulation Models
    2. Distribution Tradeoffs
    3. In-Transit
    4. Distribution KPIs
68. delivered to the right place
    at the right time
    in defect-free condition
    with the correct documentation, pricing, and invoicing
    1. Inventory Service Cost
    2. Perfect order index (POI)
    3. Foreign Trade Zone (FTZ)
    4. Commercial Zone
69. the exact products and quantities that they ordered
    1. Perfect order index (POI)
    2. Order accuracy and order completeness
    3. Trucking Percent
    4. Facility Considerations
70. -Supply chain complexity
    -Competing goals among supply chain partners
    -Changing customer requirements
    -Limited information availability
    -Synchronizing transportation
    -Capacity constraints
    -Rising transportation rates
    -Governmental requirements
    -Regulation
    1. Simulation Models
    2. Transportation
    3. Transit time disadvantage
    4. Transportation Challenges
71. 80%
    1. Water Percent
    2. Trucking Percent
    3. Order Cost
    4. Pipe Percent
72. Motor carriage
    1. Accessibility advantage:
    2. Accessibility disadvantage:
    3. Reliability disadvantage:
    4. Reliability advantage:
73. 6.7%
    1. Air Percent
    2. Assortment
    3. Rail Percent
    4. Pipeline
74. uses inventory replenishment techniques in anticipation of demand to move products.
    1. Railroads
    2. Hurdle Rate
    3. push approach
    4. pull approach
75. Reflects the direct debt service cost of having capital tied up in inventory.
    1. Perfect order index (POI)
    2. Weighted average cost of capital (WACC)
    3. Ordering Cost or Setup Cost
    4. Foreign Trade Zone (FTZ)
76. the process of designing a model of a real system and conducting experiments with this model for the purpose either of understanding the behavior of the system or of evaluating various strategies within the limits imposed by a criterion or set of criteria for the operation of the system
    1. Simulation Models
    2. Sortation
    3. Pipeline
    4. Accumulation
77. are able to accommodate broad problem definitions, but they do not provide an optimum solution.
    
    help to reduce a problem to a manageable size and search automatically through various alternatives in an attempt to find a better solution.
    1. C-Items
    2. Sortation
    3. Simulation Models
    4. Heuristic Models
78. Labor availability
    
    Demand variation
    
    Increasing customer requirements
    1. Distribution Challenges
    2. Simulation Models
    3. Optimization Models
    4. Distribution KPIs
79. Time, Place
    1. Transportation facilitates which utilities
    2. Transportation
    3. Transit time advantage:
    4. Distribution Execution
80. Air and motor carriage
    1. Reliability advantage:
    2. Cost advantage:
    3. Capability Requirements
    4. Safety disadvantage:
81. Materials requirement Planning
    1. VMI
    2. DRP
    3. MRP
    4. KPI
82. Widely Used, Low fixed cost, high variable
    1. Motor
    2. B/L
    3. A-Items
    4. DRP
83. GDP increased at a higher rate than inventory costs. It created higher revenues with less assets.
    1. Inventory v GDP
    2. Inventory
    3. In-Transit
    4. Inventory Risk Cost
84. a firm's logistics/supply chain network and the locations of its key facilities are fixed.
    1. Water Percent
    2. Sortation
    3. Short run planning
    4. ABC Analysis
85. Rail, water, and pipeline
    1. Transit time disadvantage
    2. Accessibility advantage:
    3. Accessibility disadvantage:
    4. Cost advantage:
86. involves the physical movement of goods between origin and destination points.
    The transportation system links geographically separated partners and facilities in a company's supply chain.
    1. Accumulation
    2. Allocation
    3. Transportation
    4. Modes of Transportation
87. High fixed, low variable
    1. Rail Percent
    2. B-Items
    3. Railroads
    4. Pipeline
88. Master Production Schedule
    1. A-Items
    2. Motor
    3. BOM
    4. MPS
89. Lesser Importance
    1. ISF
    2. B-Items
    3. BOM
    4. C-Items
90. Transportation Management Systems
    1. TMS
    2. VMI
    3. Motor
    4. B/L
91. Opportunity Cost. Cost of capital tied up in inventory.
    1. Capital Cost
    2. Setup Costs
    3. Pipeline
    4. C-Items
92. Product Handling Functions
    
    Support Functions
    
    Distribution Metrics
    
    Customer Facing Measures
    
    Internal Measures
    1. Distribution Execution
    2. Optimization Models
    3. Distribution Tradeoffs
    4. Support Functions
93. likely products together. Bread and Jelly
    1. Assortment
    2. A-Items
    3. Air Percent
    4. TMS
94. Transportation costs
    Cost of lost sales
    Warehousing costs
    Inventory costs
    1. Distribution cost tradeoffs with other functional areas
    2. Transportation facilitates which utilities
    3. Distribution Tradeoffs
    4. Distribution Requirements Planning
95. when it is directly related, or derives from, the demand for another inventory item or product
    1. Pipe Percent
    2. dependent demand
    3. independent demand
    4. Pipeline
96. permits the shipper to stop a shipment in transit and to perform some function that physically changes the product's characteristic.
    1. Work-in-Progress
    2. Air Percent
    3. Rail Percent
    4. Transit Privilege
97. when such demand is unrelated to the demand for other items
    1. independent demand
    2. Air Percent
    3. Cost advantage:
    4. Rail Percent
98. When an organization anticipates that an unusual event might occur that will negatively impact its source of supply.
    1. Inventory Risk Cost
    2. Anticipatory Stocks
    3. Internal Measures
    4. Inventory v GDP
99. Like product together.
    1. Sortation
    2. Transportation
    3. Motor
    4. Allocation
100. is to more accurately forecast demand and to explode that information back to develop production schedules
     1. Distribution Execution
     2. Capability Requirements
     3. Materials requirement Planning
     4. Distribution Requirements Planning
101. Optimizing
     
     Heuristic
     
     Simulation
     1. pull approach
     2. push approach
     3. Water Percent
     4. Modeling Approaches
102. Bill of Materials
     1. B/L
     2. BOM
     3. MPS
     4. TMS
103. varies greatly
     1. Cost disadvantage:
     2. Safety advantage:
     3. Cost advantage:
     4. Safety disadvantage:
104. Product characteristics must drive the design of the distribution process such as product value, durability, temperature sensitivity, obsolescence, volume, and other factors
     1. MRP system elements
     2. Reliability advantage:
     3. Capability Requirements
     4. Water Percent
105. key performance indicators
     1. KPI
     2. TMS
     3. MPS
     4. MRP
106. determine the size of each operation within the network
     1. Support Functions
     2. Air Carriers
     3. Facility Considerations
     4. Capability Requirements
107. Distribution Requirements Planning
     1. MRP
     2. BOM
     3. DRP
     4. B/L
108. Site availability, leases, contracts, and investments make changing facility locations
     1. impractical in the short run
     2. Capital Cost
     3. Expected Stockout Cost
     4. Modes of Transportation
109. an asset on the balance sheet and a variable expense on the income statement.
     1. Inventory
     2. Order Cost
     3. A-Items
     4. Motor
110. Precise mathematical procedures that are guaranteed to find the "best" solution
     1. Allocation
     2. Distribution Tradeoffs
     3. Sortation
     4. Optimization Models