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WorksheetsLOG-110 FA19 TEST 1 Review
Total questions: 20
Worksheet time: 10mins
A Supply Chain is best described by which of the following:
A group of cooperative carriers
A group of collaborative companies
A formal association of competitive companies
Two firms who create a strategic alliance
The concept of postponement:
Involves two organizations working together to delay delivery
Involves strategic delay of the delivery
Seeks to reduce the risk of delivery
Seeks to reduce the risk of anticipation
An integrated service supplier (ISP) seeks to:
Provide critical operational functionality in a supply chain
Specializes in providing a specialized service
Bring together two otherwise separate functions
None of the above
Increased operational responsiveness is directly related to information technology.
True
False
A third-party service supplier is also a public warehouse.
True
False
The foundation of the Supply Chain Information Functionality pyramid is
Formalized rules, procedures, and standardized communications
Complex strategic planning
A strong transaction system
Informed decision analyses
The human resources module of the ERP systems tracks
Personnel profiles and their activity levels
The functions for invoice collection
The supply chain's ability to measure, monitor and report cost
The timing and location of supply chain value-added processes
All of the following are benefits of blockchain EXCEPT
Better security
Increased innovation
Decreased scalability
Enhanced transparency
The ________ manages, and in many cases initiates the transactions that receive, store, retrieve and ship product from the warehouse.
CMS
TMS
YMS
WMS
________ is the hardware and technical software that facilitates information exchange between the systems and physical infrastructures within the firm and between supply chain partners.
Communication technology
Blockchain
Consumer connectivity
Reverse logistics
A unique feature of integrated logistics is:
The newness of the concept
Its fundamental similarity to military operations
Its complexity and scope of operations
The fact that it employees many people
A logistics performance cycle is:
A format for improved measurement of cost and service
The basic unit of supply chain design and operational control
An important form of transportation measurement
Typically echeloned
The "Pareto Principle" is:
Unique to logistical performance measurement
A concept developed in manufacturing to integrate logistics and procurement
Used in logistics to develop fine line inventory classification
Seldom the result of logistics system design
The primary reason that total logistics cost has reduced as a percentage of GDP is:
Inventory has increased as a percent of total cost
Inventory has decreased as a percent of total cost
Transportation has decreased as a percent of total cost
Nominal GDP has increased
The work of logistics involves:
Order processing, inventory, and manufacturing
Inventory, transportation, manufacturing and procurement
Manufacturing, customer accommodation, and purchasing
Transportation, inventory, order processing, warehousing, and facility network design
In providing service outputs to consumers, a disadvantage of Internet retailers compared to store-based retailers arises in:
product variety and assortment
lot size
price
waiting time
The most exacting measure of logistics performance regarding availability is:
stockout frequency
orders shipped complete
fill rate
average number of items on hand
The difference between a "customer success" focus" and a "customer satisfaction" focus is that:
customer satisfaction is more difficult to achieve
customer success deals with expectations of customers, satisfaction deals with their requirements
customer satisfaction deals with expectations, customer success deals with requirements
there really isn't any difference
On-time delivery is an aspect of a company's performance in:
availability
operational performance
malfunction recovery
speed
Since Walmart and Target are both mass merchandisers it is likely that they both have the same logistical service requirements from suppliers.
True
False
