NAME

Question types


Start with


Question limit

of 110 available terms

Print test

110 True/False questions

  1. Rail Percent6.7%

          

  2. impractical in the short runTruck
    Rail
    Air
    Water
    Pipeline
    Intermodal transportation

          

  3. The Bill of Landing does what?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

          

  4. Capability Requirements4.7%

          

  5. Assortmentlikely products together. Bread and Jelly

          

  6. In-TransitLike product together.

          

  7. Perfect order index (POI)includes insurance and taxes

          

  8. Reliability disadvantage:Air and motor carriage

          

  9. In-Transit Inventory Carrying CostCosts incurred by inventory at rest and waiting to be used.

          

  10. Reliability advantage:Air and motor carriage

          

  11. BOMBill of Materials

          

  12. dependent demandwhen such demand is unrelated to the demand for other items

          

  13. MPSMaster Production Schedule

          

  14. Commercial ZoneCost of placing order which may have both fixed and variable components

          

  15. Safety disadvantage:Air and motor carriage

          

  16. Facility ConsiderationsFocus on available inventory.

          

  17. Accessibility advantage:Motor carriage

          

  18. Optimization Modelsthe 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

          

  19. Transportation Challenges-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

          

  20. Inventory Risk Costreflects the possibility that inventory value might decline for reasons beyond firm's control

          

  21. Transit time advantage:varies greatly

          

  22. push approachHigh fixed, low variable

          

  23. Seasonal StocksAssigns inventory items to one of three groups according to the relative impact or value of the items

          

  24. Inventory Carrying CostsCosts incurred by inventory at rest and waiting to be used.

          

  25. Ordering Cost or Setup Costrefers to the expense of placing an order for additional inventory, not including product cost

          

  26. Shifting Locations of Customer and/or Supply MarketsSite availability, leases, contracts, and investments make changing facility locations

          

  27. Capital CostMost important

          

  28. The Grid Technique AdvantagesSimplicity and its ability to provide a starting point for location analysis.
    Provides a starting point for making a location decision.

          

  29. Determining the Cost of In-Transit InventoriesProcurement, Production, Transportation

          

  30. Department responsible for transportationDirect shipment of goods

    Movement of goods through distribution facilities to customers

          

  31. Short run planninga firm's logistics/supply chain network and the locations of its key facilities are fixed.

          

  32. Materials requirement Planningis to more accurately forecast demand and to explode that information back to develop production schedules

          

  33. Work-in-Progresstime associated with transportation and the inventory costs that are associated with it.

          

  34. Air Percent4.7%

          

  35. Weighted average cost of capital (WACC)refers to the expense of placing an order for additional inventory, not including product cost

          

  36. PipelineDistribution Requirements Planning

          

  37. Transit Privilegepermits the shipper to stop a shipment in transit and to perform some function that physically changes the product's characteristic.

          

  38. RailroadsLesser Importance

          

  39. Current Trends Governing Sitea firm's logistics/supply chain network and the locations of its key facilities are fixed.

          

  40. Modes of TransportationTruck
    Rail
    Air
    Water
    Pipeline
    Intermodal transportation

          

  41. Distribution ExecutionProduct Handling Functions

    Support Functions

    Distribution Metrics

    Customer Facing Measures

    Internal Measures

          

  42. Transportation Management Systems Involvesoftware control system that improves product movement and storage operations

          

  43. KPIkey performance indicators

          

  44. Trucking Percent80%

          

  45. Distribution Requirements Planningis to more accurately forecast demand and to explode that information back to develop production schedules

          

  46. UncertaintyArises in Demand and obtaining materials from suppliers.

          

  47. Inventory Service Costincludes insurance and taxes

          

  48. Transit time disadvantageRail, water, and pipeline

          

  49. Distribution cost tradeoffs with other functional areasis to more accurately forecast demand and to explode that information back to develop production schedules

          

  50. Order CostCost of placing order which may have both fixed and variable components

          

  51. pull approachrelies on customer orders to move product through a logistics system

          

  52. factors driving design changeMotor carriage

          

  53. Freight billOpportunity Cost. Cost of capital tied up in inventory.

          

  54. Freight claims formrecoup monetary losses

          

  55. Distribution Challenges-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

          

  56. Support FunctionsProducing and acquiring goods.

          

  57. MRP system elements1.2%

          

  58. Storage Space CostIncludes handling costs associated with moving products into and out of inventory, as well as such costs as rent, heat, and light

          

  59. Internal MeasuresDistribution cost efficiency
    Aggregate cost efficiency
    Asset utilization
    Resource productivity
    Resource efficiency

          

  60. Pipe Percent1.2%

          

  61. InventoryWidely Used, Low fixed cost, high variable

          

  62. SortationWidely Used, Low fixed cost, high variable

          

  63. DRPInventory Status File

          

  64. A-ItemsTransportation Management Systems

          

  65. TMSMaster Production Schedule

          

  66. Distribution TradeoffsCost 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

          

  67. Potential Supply Chain Modeling Pitfalls to Avoidoriginates 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

          

  68. Cost disadvantage:Air and motor carriage

          

  69. B/Lbill of lading

          

  70. Two options for product flowthe 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

          

  71. Air Carriers4.7%

          

  72. Transportation facilitates which utilitiesAir and motor carriage

          

  73. Water Percent4.6%

          

  74. Setup Costsexpenses incurred each time an organization modifies a production or assembly line to produce a different item for inventory

          

  75. value-added capabilities of a WMSgenerate performance reports
    support paperless processes
    enable integration of materials handling equipment
    picking systems
    sorting systems
    leverage wireless communication

          

  76. Simulation Modelsthe 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

          

  77. B-ItemsLesser Importance

          

  78. The Role of Distribution in SCMCost 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

          

  79. Foreign Trade Zone (FTZ)recoup monetary losses

          

  80. Heuristic Modelsare 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.

          

  81. Water CarriersHigh variable and low fixed cost

          

  82. Pareto's lawmany situations were dominated by a relatively few vital elements.

          

  83. Modeling ApproachesOptimizing

    Heuristic

    Simulation

          

  84. Order accuracy and order completenessthe exact products and quantities that they ordered

          

  85. Distribution KPIsProduct Handling Functions

    Support Functions

    Distribution Metrics

    Customer Facing Measures

    Internal Measures

          

  86. Cost advantage:Air and motor carriage

          

  87. AllocationFocus on available inventory.

          

  88. Safety advantage:Air and motor carriage

          

  89. Expected Stockout CostIncludes handling costs associated with moving products into and out of inventory, as well as such costs as rent, heat, and light

          

  90. VMIkey performance indicators

          

  91. The Grid Technique LimitationsTruck
    Rail
    Air
    Water
    Pipeline
    Intermodal transportation

          

  92. Vendor-Managed InventoryArises in Demand and obtaining materials from suppliers.

          

  93. Just-in-Time Approach ElementsZero Inventories
    Short, consistent lead times
    small, frequent replenishment quantities
    high quality, or zero deficits

          

  94. Hurdle RateMinimum rate of return on new investments.

          

  95. Batching Economies SourcesDistribution cost efficiency
    Aggregate cost efficiency
    Asset utilization
    Resource productivity
    Resource efficiency

          

  96. Distribution Facility Functionality
    Primary Functions:
    Accumulation

    Sortation

    Allocation

    Assortment

          

  97. Transportationinvolves 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.

          

  98. Anticipatory StocksWhen an organization anticipates that an unusual event might occur that will negatively impact its source of supply.

          

  99. independent demandGDP increased at a higher rate than inventory costs. It created higher revenues with less assets.

          

  100. ABC AnalysisAssigns inventory items to one of three groups according to the relative impact or value of the items

          

  101. Cross DockingGoods flow from receiving to shipping with minimal interim sorting

          

  102. MotorMaster Production Schedule

          

  103. Accessibility disadvantage:Motor carriage

          

  104. Warehouse Management Systems (WMS)Includes handling costs associated with moving products into and out of inventory, as well as such costs as rent, heat, and light

          

  105. AccumulationProducing and acquiring goods.

          

  106. Areas where logistics interfaces:Finance
    Marketing
    Manufacturing

          

  107. MRPInventory Status File

          

  108. C-ItemsLeast Important

          

  109. ISFInventory Status File

          

  110. Inventory v GDPan asset on the balance sheet and a variable expense on the income statement.