Question 1

A company that outsources some or all of its logistics activities is engaged in _____ logistics.

Accepted Answer

third part...

Question 2

Data management systems that integrate information across all the departments of an organization are called

Accepted Answer

A)  enterprise data planning (EDP) systems.
B)  intermodal data planning (IDP) systems.
C)  electronic data interchange (EDI) systems.
D)  enterprise resource planning (ERP) systems.
E)  just-in-time (JIT) inventory systems.F) B) and C)
G) A) and B)

Question 3

Which of the following statements is accurate regarding the way a supply chain works?

Accepted Answer

A)  In a supply chain,products flow both upstream and downstream,finances flow upstream,and information flows downstream.
B)  In a supply chain,products flow upstream,finances flow downstream,and information flows both upstream and downstream.
C)  In a supply chain,products flow downstream,finances flow upstream,and information flows both upstream and downstream.
D)  In a supply chain,products flow downstream,while finances and information flow both upstream and downstream.
E)  In a supply chain,products,finances and information flow both upstream and downstream.F) A) and E)
G) A) and D)

Question 4

What sort of strategies must companies embrace for an integrated supply chain to work?

Accepted Answer

A)  relationship-based
B)  supplier-based
C)  distribution-based
D)  profit-based
E)  production-basedF) B) and E)
G) A) and D)

Question 5

In a closed-loop supply chain,products that end up back at the manufacturer or distribution center are called ______ goods.

Accepted Answer

The answer of In a closed-loop supply chain,products that end...

Question 6

If cost reduction is part of a firm's strategy,a _______ system will allow it to achieve cost savings through economies of scale in purchasing,manufacturing,and transportation.

Accepted Answer

The answer of If cost reduction is part of a...

Question 7

Logistics is that part of supply chain management that plans,implements,and controls the flow of goods,services,and information between the point of origin and the final customer.

Accepted Answer

A) True 
 B)False

Question 8

The costs required to make or buy a product,including risk of obsolescence,taxes,insurance,and warehousing space used to store the goods,are called

Accepted Answer

A)  distribution channel costs.
B)  inventory carrying costs.
C)  logistics management costs.
D)  marketing channel costs.
E)  supply chain costs.F) A) and B)
G) All of the above

Question 9

A _____ occurs when a company does not have enough inventory available to fill an order.

Accepted Answer

The answer of A _____ occurs when a company does...

Question 10

Product _______ involves receiving goods from various suppliers,storing the goods until they're ordered by a customer,and consolidating orders to achieve transportation economies of scale.

Accepted Answer

The answer of Product _______ involves receiving goods from various...

Question 11

The costs to place and process orders for materials and finished goods are _______ costs.

Accepted Answer

The answer of The costs to place and process orders...

Question 12

Days of supply is calculated by dividing the cost of goods sold by the average daily use or sales.

Accepted Answer

A) True 
 B)False

Question 13

All of the following are factors that affect a company's sustainability profile except

Accepted Answer

A)  sourcing of materials and goods.
B)  transportation mode selection.
C)  the extent of its supply chain as a closed-loop system.
D)  initiatives taken by competitors regarding sustainability.
E)  facility locations.F) A) and D)
G) B) and D)

Question 14

Supply chain management refers to

Accepted Answer

A)  the management of data to integrate information across all departments of an organization.
B)  the inbound movement and storage of materials in preparation for those materials to enter and flow through the manufacturing process.
C)  the actions a firm takes to manage the costs required to make or buy a product.
D)  the actions a firm takes to coordinate the various flows within a supply chain.
E)  the planning,implementation,and control of the manufacture of a product.F) B) and E)
G) A) and E)

Question 15

Dividing the inventory on hand by the average daily usage or sales is the calculation for

Accepted Answer

A)  inventory supply.
B)  days of supply.
C)  stockout.
D)  days of stock.
E)  inventory turns.F) D) and E)
G) A) and E)

Question 16

Purchasing managers monitor ________ performance by measuring quality,on-time delivery,rapid response to problems,and accuracy of invoices.

Accepted Answer

The answer of Purchasing managers monitor ________ performance by measuring...

Question 17

What are the primary logistics functions?

Accepted Answer

The first logistics function is managing...

Question 18

Put-away refers to moving goods to their temporary or semi-permanent storage location and updating inventory records.

Accepted Answer

A) True 
 B)False

Question 19

Of all the logistics functions,transportation management is the least important.

Accepted Answer

A) True 
 B)False

Question 20

Days of supply is calculated by dividing the _____ on hand by the average daily usage or sales.

Accepted Answer

The answer of Days of supply is calculated by dividing...

Exam 9: Supply Chain and Logistics Management

Purchasing managers monitor ________ performance by measuring quality,on-time delivery,rapid response to problems,and accuracy of invoices.

Correct AnswerverifiedShow Answer

The costs to place and process orders for materials and finished goods are _______ costs.

Correct AnswerverifiedShow Answer

What are the primary logistics functions?

Correct AnswerverifiedThe first logistics function is managing...View AnswerShow Answer

All of the following are factors that affect a company's sustainability profile except

Correct AnswerverifiedShow Answer

In a closed-loop supply chain,products that end up back at the manufacturer or distribution center are called ______ goods.

Correct AnswerverifiedShow Answer

If cost reduction is part of a firm's strategy,a _______ system will allow it to achieve cost savings through economies of scale in purchasing,manufacturing,and transportation.

Correct AnswerverifiedShow Answer

Supply chain management refers to

Correct AnswerverifiedShow Answer

Dividing the inventory on hand by the average daily usage or sales is the calculation for

Correct AnswerverifiedShow Answer

A company that outsources some or all of its logistics activities is engaged in _____ logistics.

Correct Answerverifiedthird part...View AnswerShow Answer

Days of supply is calculated by dividing the cost of goods sold by the average daily use or sales.

Correct AnswerverifiedShow Answer

Which of the following statements is accurate regarding the way a supply chain works?

Correct AnswerverifiedShow Answer

The costs required to make or buy a product,including risk of obsolescence,taxes,insurance,and warehousing space used to store the goods,are called

Correct AnswerverifiedShow Answer

What sort of strategies must companies embrace for an integrated supply chain to work?

Correct AnswerverifiedShow Answer

Put-away refers to moving goods to their temporary or semi-permanent storage location and updating inventory records.

Correct AnswerverifiedShow Answer

Logistics is that part of supply chain management that plans,implements,and controls the flow of goods,services,and information between the point of origin and the final customer.

Correct AnswerverifiedShow Answer

Product _______ involves receiving goods from various suppliers,storing the goods until they're ordered by a customer,and consolidating orders to achieve transportation economies of scale.

Correct AnswerverifiedShow Answer

Of all the logistics functions,transportation management is the least important.

Correct AnswerverifiedShow Answer

Data management systems that integrate information across all the departments of an organization are called

Correct AnswerverifiedShow Answer

A _____ occurs when a company does not have enough inventory available to fill an order.

Correct AnswerverifiedShow Answer

Days of supply is calculated by dividing the _____ on hand by the average daily usage or sales.

Correct AnswerverifiedShow Answer

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The first logistics function is managing...
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third part...
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