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Chapter 12 Quiz

Terms in this set (24)

A key challenge in using private fleets is
Arranging for backhauls
Consolidation warehouses
Move material from many suppliers to one customer
The Incoterms specify
When the risk gets transferred from the exporter to the importer
The faster modes of transport like the airplanes are associated with
Lower lead time, lower inventory and better customer service
Multimodal transport involves
Using the same shipping document and contract over multiple modes of transport
A fourth party logistics (4PL) service provider:
Offers a bundle of logistics services
If the physical inventory is lower than the inventory on records, it is likely to lead to
Lower customer satisfaction
The 'pick' process involves
Selecting the products ordered by the customer
Letter of credit is issued by
Importer's bank
Ship agents
Act as owners of shipping lines at a port
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
The type of warehouse that supports movement of goods from one supplier to many customers is called as:
Break bulk warehouse
A key feature of full truck load (FTL) service providers is that they use:
Point-to-point network
A student moving from home to college town must 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
A key risk with rail transport is that it involves
Multiple loading and unloading of material
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
The faster modes of transport like the airplanes are associated with
Higher lead time, lower inventory, and better customer service
is the process of using the same shipping container over multiple modes of transport
Intermodal
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
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
The last mile in logistics refers to
The dispatch from local warehouse to customer home
Bill of lading
Certifies that goods are loaded in the ship
The cheaper modes of transport like the ships are associated with
Higher lead time, higher inventory, and poorer customer service
A supplier used to dispatch goods to the customer from a warehouse that was 220 miles away. The transportation costs were $4000. If the supplier starts shipping form a warehouse 440 miles away, the new transportation costs would be.
Less than $4000
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