Question 1

Briefly describe the four key areas of impact that logistics has on an organization.

Accepted Answer

1.) Operational impact - logistics ensures that products are in the right quantities and places exactly when needed while balancing inventory needs, particularly challenging in JIT operations; 2.) Financial impact - large amounts of capital expenditures are required (facilities, inventory, equipment, vehicles) Explain logistics performance in terms of ROA and ROI, how to increase ROA, etc.; 3.) Marketing impact - logistics must understand customer requirements in terms or storage, delivery, and service needs; 4.) Packaging - logistics moves and handles the products and must understand requirements to ensure product integrity.

Question 2

Achieving cost efficiencies through maximizing freight and miles travelled is known as:

Accepted Answer

A)  Economies of scale 
B)  Less-than-truckload 
C)  Place utility 
D)  Economies of distance 
E)  None of the above 
A)  Economies of scale 
B)  Less-than-truckload 
C)  Place utility 
D)  Economies of distance 
E)  None of the above D

Question 3

Reverse logistics directly adds value to a company because returns are an "order qualifier" for customers.

Accepted Answer

A) True 
 B)False  False

Question 4

Briefly describe the reverse logistics process and its impact on a firm's supply chain.

Accepted Answer

Reverse logistics is the process of movi

Question 5

Logistics delivers the product to a customer location, so it does not have a close connection to marketing or customers.

Accepted Answer

A) True 
 B)False

Question 6

Water and rail transportation modes are best utilized for shipping bulky, heavy shipments over long distances.

Accepted Answer

A) True 
 B)False

Question 7

Logistics focuses primarily on the "downstream" part of the supply chain.

Accepted Answer

A) True 
 B)False

Question 8

A "push" system of demand creates a more predictable environment the logistics function.

Accepted Answer

A) True 
 B)False

Question 9

A "pull" system of demand is more unpredictable and requires logistics to be responsive to customers.

Accepted Answer

A) True 
 B)False

Question 10

________ transportation might be best utilized for products with a short product life cycle and unpredictable demand:

Accepted Answer

A)  Truck 
B)  Air 
C)  Water 
D)  Rail 
E)  None of the above 
A)  Truck 
B)  Air 
C)  Water 
D)  Rail 
E)  None of the above

Question 11

Factors in the marketplace that elevated logistics away from primarily a physical distribution focus include:

Accepted Answer

A)  Growth of supply chain management 
B)  Global supply chains 
C)  Cost 
D)  Multiple distribution channels 
E)  a and b 
A)  Growth of supply chain management 
B)  Global supply chains 
C)  Cost 
D)  Multiple distribution channels 
E)  a and b

Question 12

When seeking to maximize economies of distance, logistics should utilize less-than-truckload shipments.

Accepted Answer

A) True 
 B)False

Question 13

Logistics has a significant financial impact on an organization because of the amount of capital expenditures required.

Accepted Answer

A) True 
 B)False

Question 14

In a cross-docking operation, products are never put into storage at the warehouse.

Accepted Answer

A) True 
 B)False

Question 15

The outbound side of the logistics function works with sourcing.

Accepted Answer

A) True 
 B)False

Question 16

Product packaging is a decision that must be made between logistics, marketing, and operations.

Accepted Answer

A) True 
 B)False

Question 17

Shipping by air transportation mode would be most ideal for pharmaceutical or high-tech products.

Accepted Answer

A) True 
 B)False

Question 18

Selecting the best mode of transportation for a product requires an understanding of the product being transported and customer service strategy.

Accepted Answer

A) True 
 B)False

Question 19

Storage decisions require a firm to balance costs and responsiveness to customers.

Accepted Answer

A) True 
 B)False

Question 20

The ability of customers to easily return goods has become a(n) ___________ for most retail and Internet businesses:

Accepted Answer

A)  Order fulfillment 
B)  Order qualifier 
C)  Challenge 
D)  Value add 
E)  b and c 
A)  Order fulfillment 
B)  Order qualifier 
C)  Challenge 
D)  Value add 
E)  b and c

Briefly describe the four key areas of impact that logistics has on an organization.

Achieving cost efficiencies through maximizing freight and miles travelled is known as:

Reverse logistics directly adds value to a company because returns are an "order qualifier" for customers.

Briefly describe the reverse logistics process and its impact on a firm's supply chain.

Logistics delivers the product to a customer location, so it does not have a close connection to marketing or customers.

Water and rail transportation modes are best utilized for shipping bulky, heavy shipments over long distances.

Logistics focuses primarily on the "downstream" part of the supply chain.

A "push" system of demand creates a more predictable environment the logistics function.

A "pull" system of demand is more unpredictable and requires logistics to be responsive to customers.

________ transportation might be best utilized for products with a short product life cycle and unpredictable demand:

Factors in the marketplace that elevated logistics away from primarily a physical distribution focus include:

When seeking to maximize economies of distance, logistics should utilize less-than-truckload shipments.

Logistics has a significant financial impact on an organization because of the amount of capital expenditures required.

In a cross-docking operation, products are never put into storage at the warehouse.

The outbound side of the logistics function works with sourcing.

Product packaging is a decision that must be made between logistics, marketing, and operations.

Shipping by air transportation mode would be most ideal for pharmaceutical or high-tech products.

Selecting the best mode of transportation for a product requires an understanding of the product being transported and customer service strategy.

Storage decisions require a firm to balance costs and responsiveness to customers.

The ability of customers to easily return goods has become a(n) ___________ for most retail and Internet businesses:

Introduction to Supply Chain Management

Supply Chain Strategy

Network and System Design

Marketing

Operations Management

Sourcing

Forecasting Demand Planning

Inventory Management

Lean Systems and Six-Sigma Quality

Supply Chain Relationship Management

Global Supply Chain Management

Sustainable Supply Chain Management

Filters

Exam 7: Logistics

Briefly describe the four key areas of impact that logistics has on an organization.

Achieving cost efficiencies through maximizing freight and miles travelled is known as:

Reverse logistics directly adds value to a company because returns are an "order qualifier" for customers.

Briefly describe the reverse logistics process and its impact on a firm's supply chain.

Logistics delivers the product to a customer location, so it does not have a close connection to marketing or customers.

Water and rail transportation modes are best utilized for shipping bulky, heavy shipments over long distances.

Logistics focuses primarily on the "downstream" part of the supply chain.

A "push" system of demand creates a more predictable environment the logistics function.

A "pull" system of demand is more unpredictable and requires logistics to be responsive to customers.

________ transportation might be best utilized for products with a short product life cycle and unpredictable demand:

Factors in the marketplace that elevated logistics away from primarily a physical distribution focus include:

When seeking to maximize economies of distance, logistics should utilize less-than-truckload shipments.

Logistics has a significant financial impact on an organization because of the amount of capital expenditures required.

In a cross-docking operation, products are never put into storage at the warehouse.

The outbound side of the logistics function works with sourcing.

Product packaging is a decision that must be made between logistics, marketing, and operations.

Shipping by air transportation mode would be most ideal for pharmaceutical or high-tech products.

Selecting the best mode of transportation for a product requires an understanding of the product being transported and customer service strategy.

Storage decisions require a firm to balance costs and responsiveness to customers.

The ability of customers to easily return goods has become a(n) ___________ for most retail and Internet businesses:

Introduction to Supply Chain Management

Supply Chain Strategy

Network and System Design

Marketing

Operations Management

Sourcing

Forecasting Demand Planning

Inventory Management

Lean Systems and Six-Sigma Quality

Supply Chain Relationship Management

Global Supply Chain Management

Sustainable Supply Chain Management

Filters