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Supply chain 2

Terms in this set (61)

The last mile in logistics refers to
The dispatch from local warehouse to customer home
The Incoterms specify
When the risk gets transferred from the exporter to the importer
Air freight is considerably more expensive than ocean fright. All of these are benefits of using the expensive air cargo over ocean cargo EXCEPT
Easier custom clearance
A company has an aim to drastically reduce carbon emissions during the intra country (within the country) transportation. The ideal for of transportation for this company would be
Rail networks
A key feature of full truck load (FTL) service providers is that they use:
point to point network
The faster modes of transport like the airplanes are associated with
Lower lead time, lower inventory and better customer service
Ship agents
Act as owners of shipping lines at a port
Multimodal transport involves
Using the same shipping document and contract over multiple modes of transport
Letter of credit is issued by
Importer's bank
is the process of using the same shipping container over multiple modes of transport
Intermodal
The last mile in logistics refers to
The dispatch from local warehouse to customer home
A consignment of 2 twenty feet containers and 4 forty feet containers is equal to
10 TEUs
A key risk with rail transport is that it involves
Multiple loading and unloading of material
A student moving from home to college town has to shift 10 large boxes of clothes, books and other personal items. The ideal mode for this movement would be:
Less than truck load service providers
Bulk vessels are used to move:
Dry unpackaged goods
A 76L34W37.5B box carries 12 kilograms of material. If this box is to be shipped by air freight, the chargeable weight of this box would be [0.006 cubic meters = 1kg dimensional weight]:
16.15 kilo grams
A key challenge in using private fleets is
Arranging for backhauls
A key feature of less than truck load (LTL) service providers is that they use:
Hub and spoke network
Consolidation warehouses
Move material from many suppliers to one customer
The 'pick' process involves
Selecting the products ordered by the customer
A key limitation for a business in using third party logistics (3PL) logistics service providers is that:
There may be too many 3PLs to deal with
In most cases, as the number of distribution warehouses in a network increase:
The inbound logistics costs increases
If the physical inventory is lower than the inventory on records, it is likely to lead to
Lower customer satisfaction
In most cases, as the number of distribution warehouses in a network decreases:
The delivery lead time increases
A fourth party logistics (4PL) service provider:
Offers a bundle of logistics services
If the physical inventory is higher than the inventory on records, it is likely to lead to
Higher inventory cost
In most cases, as the number of distribution warehouses in a network increase:
The inventory holding cost increases
A firm needs to ship products to its distributors across the country by trucks. A software tool that can help plan this is:
transportation management systems
A strategic technology implementation project would involve:
high risk, high returns
The term "line of sight" used in identification technologies like RFID tags refers to:
code directly in front of scanner
All these are steps in using identification technologies like barcodes EXCEPT:
Measuring the dimensions of the product
A tool that helps reduce the silo effect across business functions is called as:
enterprise resource planning (ERP)
The payroll process for a business involves sending emails to multiple departments to get the employee attendance, checking with roster to confirm the attendance data, calculating pay rate from employee contracts and many other steps. The process is lengthy and has many unnecessary steps. The business decides to automate all the steps of this inherently weak process. Such automation is labeled as:
paving the cowpath
The terms "training" and "test" datasets is used for
artificial intelligence
Radio frequency Identification (RFID) tags:
do not need line of sight
A reactive technology tool would:
capture and share information
Magnetic stripes are
more secure than bar codes
A key contribution of identification technologies like barcodes is:
improve data accuracy
An advantage of using barcodes is that:
Barcodes are very inexpensive to use
A reactive reason to use technology would be:
Regulations and procedures for the existing business have made the business more complex
A technology tool that allows a firm to explore new opportunities is called as:
proactive technology
A company has 5 factories and every factory can make any of their 20 products. They need to decide which product to allocate to which factory for the next quarter. The company should use
advanced planning and scheduling
An advantage of on-premise applications over cloud is that:
on premise applications can be specifically customized
rank the identification devices based on lowest to highest level of security
barcodes, magnetic stripes, radio frequency identification
As per the Total Quality Management (TQM) philosophy, the process improvement is dictated by:
Front line employees
The core belief of Total Quality Management (TQM) is that:
Everyone can contribute to qual
The core idea of product focus is that:
Low quality products must be identified and segregated
A TQM tools that identifies multiple possible causes of a quality defect is known as:
Fishbone diagram
A key limitation of product quality focus is that:
The root cause of poor quality may never be discovered
The belief that quality can only happen with better and more inspection is likely to lead to
Minimal improvements in process quality
A TQM tool that identifies the factors that are more significant is know as
Pareto chart
As per the Total Quality Management (TQM) philosophy, A failure is seen as:
sign of a poor process
One of the beliefs of the "Western Quality Philosophy" is that:
Employees lower down in the hierarchy have limited skills and motivation
A TQM tool that plots numerical variables on multiple axes to try and find relationships between them is called as
Scatter chart
A difference in Western and TQM philosophy is that:
In TQM front line employees dictate process improvement and in Western philosophy, specialized departments dictate process improvement
Quality philosophy is:
The basic assumption in delivering a quality product
A firm has a core belief that quality can only be delivered by automatic machines. This firm is then likely to:
Invest in automation technologies
The guilds of the medieval ages had a core belief that workmanship could not deliver high quality standardized products. So, guild owners believed that inspection was absolutely necessary to ensure high quality. This belief is likely to lead to:
Development of elaborate inspection procedures
The tools used for Total Quality Management (TQM) are easy to use because:
Every employee should be able to use the tools
The "Western Quality Philosophy" believes that frontline executives lack skill and motivation. This belief is likely to lead to:
Front line executives with low skill and motivation
A TQM tools that plots the frequency distribution of process values is known as
Histogram
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