Transport and Logistics Quiz Unit 1

What is the tactic used to design effective logistics strategy by reducing physical inventory and replacing it with better information?

• Substituting information for inventory

• Improving communications with suppliers

• Mixing shipments

• Pooling risks

What are the six steps involved in constructing a logistics network?

• Mixing shipments, postponing product assembly, reducing the number of partners, and improving communications with suppliers

• Locating in the right countries, developing an effective export/import strategy, selecting warehouse locations, selecting transportation modes and carriers, selecting the right number of partners, and developing state-of-the-art information systems

How can improving communications with suppliers help reduce inventory costs?

• By talking with suppliers regularly and discussing plans with them

• By mixing different SKUs on the same pallet

• By consolidating stock in centralized warehouses

• By reducing the number of partners in a supply chain

What is a postponement center?

• A facility that delays product assembly until an actual order has been received

• A tactic used to reduce storage costs and risks of stock outs

• A facility that mixes different SKUs on the same pallet

• A tactic used to reduce operating costs and cycle time

How can mixing shipments help match deliveries more precisely to customer needs?

• By mixing different SKUs on the same pallet

• By consolidating stock in centralized warehouses

• By reducing the number of partners in a supply chain

• By pooling risks

What is the benefit of reducing the number of partners in a supply chain?

• Reduces operating costs, cycle time, and inventory holding costs

• Improves customer satisfaction and visibility into the supply chain

• Increases the speed of delivery and reduces transportation costs

• Eliminates the need for internal process integration and collaboration

What is the tactic used to reduce storage costs and risks of stock outs by consolidating stock in centralized warehouses?

• Pooling risks

• Substituting information for inventory

• Improving communications with suppliers

• Mixing shipments

What is required for each supply chain enterprise to have alignment and integration across the supply chain?

• Internal process integration and collaboration

• Improving communications with suppliers

• Mixing shipments and pooling risks

• Developing state-of-the-art information systems

How does customer information flow through the enterprise in a supply chain?

• Via orders, sales activity, and forecasts

• Via mixing different SKUs on the same pallet

• Via consolidating stock in centralized warehouses

• Via reducing the number of partners in a supply chain

When does the value-added flow of goods begin in a supply chain?

• When products and materials are procured

• When products are delivered to customers

• When products are manufactured

• When products are stored in warehouses