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Logistics Grad Test
Terms in this set (87)
You must arrange a shipment of 25000 pounds of machine parts from Manchester, England to Savannah GA in a container. Which mode would be most appropriate to use?
One of the reasons that unit trains have a lower cost structure is that they avoid traffic delays in major cities.
TRUE OR FALSE
Which transportation mode is MOST limited by what types of freight it can carry?
_______ determines if a vessel can or cannot enter into domestic inland waterways
Flag of convenience
LL Hunt has an operating ratio of 87% while Green Trucks has an operating ratio of 93%. Given this limited information which of the two carriers would you invest in?
Man Mart has to ship 25 cases of paper to GSU via fedex overnight instead of fedex ground (2-3days) which they normally use. This is an example of:
COFC refers to?
None of the above
***(Container on Flat Car)
Which of the following statements regarding the role of transportation is false?
All of the above are true.
-early civilization was based on the use of water transportation
-conquests/wars were impacted by transportation considerations
-transpiration impacts the social structure of a country
Which mode is highly efficient in moving large quantities of liquid and gas?
Which of the following is not a mode of transportation?
One of the modes can be described as having the following attributes: speed, frequency, availability, ability to serve wide range of customers. Which mode is best described by these attributes?
Demand for transportation is derived from the demand for a product or service. In other words there is no direct demand for transportation services.
TRUE OR FALSE
________ transportation refers to the movement of people and goods from source to destination using more than one mode of transportation.
All of the following are key service components in transportation EXCEPT:
_______ cost and ____ cost have the same meaning..both are a measurement of product cost that includes delivery to the final destination.
landed // delivered
A carrier that moves freight from one city to another within the same state is engaging in what is legally termed:
All of the following are legal categories of US transportation EXCEPT:
self regulated carriers
______ laws in the US prevent a foreign carrier from transporting freight from one US city to another US city.
The ability of govt to force property owners to sell land in support of a public project such as to build a highway is know as the right of:
In transportation, the term "drayage"refers to:
short distance freight move
_____ carriers commonly use cross docking facilities where goods arriving in the facility are unloaded sorted and relocated according to final destination
Less than truckload (LTL)
Deregulation of the rail industry in the US was accomplished with the passage of which regulatory act?
staggers rail act
This type of railroad car designed to carry both TOFC and COFC consists of a set of permanently coupled articulating platforms
A stevedore company (dock worker) is most likely to be associated with which of the following transportation modes?
A LASH vessel is ideal for use under what condition listed below?
in ports that are poorly developed
Of the five modes of transportation pipelines are the :
This man is know as the "father of containerization" in the US:
Which of the following is not one of the adv of containerization?
smaller unit load size
This type of ocean carrier often belongs to conferences that control rates, service, volume, and capacity among its members.
Incoterms are used primarily for:
All of the following are adv of private trucking ( using your trucks to move your freight) EXCEPT:
shared loads w other shippers
All of the following are dis adv of private trucking except:
reduced loss and damage
The published freight rates of common carriers are known as:
As a general rule whenever there are intermediaries in the supply chain costs are much higher than they need to be. That is, selling directly to the customer would be less expensive.
TRUE OR FALSE
What are some of the trigger events that lead firms to consider the use of a 3PL?
None of the above
-excellent labor regs
-excess capacity (space)
Interest in packaging is not widespread and pretty much limited to logistics and marketing
TRUE OR FALSE?
Which method is most helpful in reducing picking errors?
Which of the following is NOT one of the basic functions of a DC:
Warehousing is a more modern term that emphasizes "flow" & "movement"
TRUE OR FALSE?
A ___ warehouse cost structure is primarily fixed, while a ____ warehouse is primarily variable.
Which of the following is NOT one of the principles of warehouse layout design?
use multistory facilities
Which of the following is NOT one of the factors that should be considered when it comes to owning a warehouse?
Man Mart is expanding the number of warehouses it uses from 4 to 12. Which of the costs below should in theory decrease?
B & C
Transportation // cost of lost sales
A supply chain :
A and B only
-contains 3 or more firms
-is interested in the flow of goods
Which of the following is not a part of physical distribution?
WIP (work in progess)
Disintermediation refers to:
losing/avoiding parties in the current supply chain
Maquiladora Operations refers to:
a region in Mexico where business facilities are located
As discussed in earlier classes, PLM refers to _____ and is _______ in importance.
product life cycle management///Increasing
Which of the following terms generally encompasses the most comprehensive set of activities?
Logistics applies to the movement of goods and does not have a role to play in the coordination and delivery of services.
TRUE OR FALSE?
In simple terms _____ is defined as the time between when you pay your supplier and when your customer pays you
cash to cash
A 4PL is a firm that:
can be thought of as an integrator
There are 3 key variables to cash to cash. Which of the following is not one of them?
_____ are external suppliers that perform all or part of a companys logistics functions
Which of the following is NOT one of the elements of a perfect order?
customer satisfaction score
One type of modeling approach is based on precise mathematical procedures that are guaranteed to find the best solution, given the mathematical definition of the problem under eval. This definition describes?
The process of defining a model of a real system and conducting experiments w this model for the purpose of either of understanding the behavior of the system or of evaluating various strategies within the limits imposed by the criterion or set of criteria for the operation of the system describes which type of approach?
Grain , oil, sugar and natural resources including coal and lumber identify which type of market?
Which of the following terms MINIMIZES the BUYERS risk and involvement in the transportation decision?
The role of logistics depends on the existence of _____ utility for ____ and ______ utility only make sense if demand for a product or service exists.
time & place
A POD refers to:
proof of delivery
An ASN refers to:
advance shipping notification
In the 1960s logistics focused primarily on :
Which is an order management function?
originate a shipment
What is the time called that takes for a customer to receive an order once it has been placed?
Assuming that inventory is in the correct place, as inventory levels increase
COLS will decrease
In which situation is customer service more critical?
markets are competitive
Artificial intelligence transfers knowledge of an expert into a software package which mimics the human expert
Which of the following is NOT one of the costs considered in the calculation of the EOQ?
re order point
A sensitivity analysis is typically run to determine
the robustness of a possible solution generated by a heuristic
You are responsible for improving the order cycle time at your firm since customers are demanding a more reliable cycle time. An external consultant has recommended two options; the first: has an avg time of 6 days with s.d. of +/- 5 days. the second: mean of 10 days and s.d. of +/- 3 days. your current system has a mean of 14 days and s.d. of +/- 7 days. Given this data you will:
recomment the second option
Tires used on the production of a new H2 is an example of :
A major store is concerned about the availability of purchasing goods from the middle east given the current political climate. As such the purchasing manager bought 5 months supply of raw materials where they normally purch 2 months. The additional three months worth of inv is ______ . The normally purchased in is ______
speculative stock// cycle stock
In order to manage uncertainty most firms will:
keep some safety stock on hand
Using ______ the amount ordered may change each time an order is placed.
fixed order interval
When buyers experience longer and more inconsistent order cycles for replenishment inventories then the inventory levels which they hold are most likely to______
Placing an order for a fixed amt of product each time reordering takes place is an example of
fixed order quantity
Changes in inv levels can affect _________ an important interval and external metric
What is a good measure of how well inv is being managed?
A potential war in the middle east is threatening the supply of palm oil. As such Bills Beans is considering purchasing more palm oil than they normally carry. This additional stock would be considered:
These are various functional types of inv. Which type of stock is depleted through normal use and is replenished through the routine ordering process?
Vendor rationalization refers to:
reducing the number of vendors a customer uses
It has been said that inv is a double edged sword. that is it can be thought of as both an:
asset and expense
VMI refers to?
none of the above
-vendor managed inventory
A firm decides to conduct some value added activities such as labeling after an order is placed. This is an example of:
When a stock out occurs, which of the following costs would be the most difficult to quantify in dollar terms?
Theory states that there is a relationship between revenue, costs, and customer service.
According to the theory as customer service levels increase:
max profit may be realized at a point where customer service levels are not at their highest possible point
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