Question 1

All four subdivisions of logistics have some common characteristics.Which of the below does not belong in the list:

Accepted Answer

A)  transportation 
B)  marketing 
C)  scheduling 
D)  forecasting 
A)  transportation 
B)  marketing 
C)  scheduling 
D)  forecasting B

Question 2

Materials handling is concerned with

Accepted Answer

A)  inventory levels. 
B)  breaking bulk. 
C)  scheduling trade-offs. 
D)  short distance movement. 
A)  inventory levels. 
B)  breaking bulk. 
C)  scheduling trade-offs. 
D)  short distance movement. D

Question 3

What are the 4 "PHs"? Select one,and discuss how it affects logistics.

Accepted Answer

Logistics is sometimes referred to as the other half of marketing.The rationale for this definition is that the physical distribution or outbound side of an organization's logistics system is responsible for the physical movement and storage of products for customers and thus plays an important role in selling a product.In some instances,physical distribution and order fulfillment might be the key variables in selling a product; that is,the ability to provide the product at the right time to the right place in the right quantities might be the critical element in making a sale.
This section briefly discusses the interfaces between logistics and marketing activities in each principal area of the marketing mix.The material is organized according to the four Ps of marketing--price,product,promotion,and place.In addition,recent trends in the interface between logistics and marketing will be discussed.

Question 4

What is often the largest component of logistics costs?

Accepted Answer

A)  inventory costs 
B)  transportation costs 
C)  shipper-related costs 
D)  administrative costs 
A)  inventory costs 
B)  transportation costs 
C)  shipper-related costs 
D)  administrative costs

Question 5

Ensuring the availability of the right product,in the right quantity,and the right condition,at the right place,at the right time,for the right customer at the right cost,is which definition of logistics?

Accepted Answer

A)  Seven Rs 
B)  Council of Logistics Management 
C)  Society of Logistic Engineers 
D)  supply chain logistics 
A)  Seven Rs 
B)  Council of Logistics Management 
C)  Society of Logistic Engineers 
D)  supply chain logistics

Question 6

Marketers have begun to recognize the strategic value of place in the marketing mix,as well as the benefits resulting from high-quality logistical services.As a result,which has been recognized as the interface activity between marketing and logistics?

Accepted Answer

A)  product 
B)  promotion 
C)  price 
D)  customer service 
A)  product 
B)  promotion 
C)  price 
D)  customer service

Question 7

Logistics systems having a very heavy inbound flow and a very simple outbound flow are reverse systems.

Accepted Answer

A) True 
 B)False

Question 8

The utility created through the basic marketing activities is known as place utility.

Accepted Answer

A) True 
 B)False

Question 9

In a logistics system,warehousing should be optimized at the expense of related logistics activities,such as transportation and procurement.

Accepted Answer

A) True 
 B)False

Question 10

There are five principal types of economic utility that add value to a product or service.Name four of the five and pick one to discuss in more detail.

Accepted Answer

The five principal types of economic uti

Question 11

Logistics is the process of anticipating customer needs and wants; acquiring the capital,materials,people,technologies,and information necessary to meet those needs and wants; optimizing the goods- or service-producing network to fulfill customer requests; and utilizing the network to fulfill customer requests in a timely manner.This is a

Accepted Answer

A)  definition from an inventory perspective. 
B)  general definition. 
C)  definition offered by the Society of Logistics Engineers. 
D)  a definition provided by the Council of Logistics Management. 
A)  definition from an inventory perspective. 
B)  general definition. 
C)  definition offered by the Society of Logistics Engineers. 
D)  a definition provided by the Council of Logistics Management.

Question 12

The logistics definitions discussed indicate 14 activities for which the logistics manager might be responsible.Name at least eight and briefly discuss any two in detail.

Accepted Answer

· Transportation
· Warehousing and stora

Question 13

The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis.

Accepted Answer

A) True 
 B)False

Question 14

A balanced system is

Accepted Answer

A)  one where all four management systems are equal 
B)  logistics expenses are equal to cost of goods sold 
C)  another name for supply chain management 
D)  inbound and outbound flows are nearly equal 
A)  one where all four management systems are equal 
B)  logistics expenses are equal to cost of goods sold 
C)  another name for supply chain management 
D)  inbound and outbound flows are nearly equal

Question 15

The inverse relationship that exists between the cost of lost sales and inventory costs is the inventory effect.

Accepted Answer

A) True 
 B)False

Question 16

The text mentions four subdivisions of logistics.Pick one,define and discuss.

Accepted Answer

· Business logistics: That part of the s

Question 17

What are established spatial points where goods stop for storage or processing?

Accepted Answer

A)  nodes 
B)  links 
C)  cost centers 
D)  fulfillment centers 
A)  nodes 
B)  links 
C)  cost centers 
D)  fulfillment centers

Question 18

A product's form utility is created when value is added to the product through a manufacturing,production or assembly process.However,logistics activity can provide form utility also.Which is an example of the creation of form utility by a logistics activity?

Accepted Answer

A)  when lumber is cut and made into a chair 
B)  when a firm's finance manager approves customer purchases on a credit basis 
C)  when bulk computer disks in different colors are packed in three-color assortments for sale to computer users 
D)  the breaking bulk and repackaging at a distribution center 
A)  when lumber is cut and made into a chair 
B)  when a firm's finance manager approves customer purchases on a credit basis 
C)  when bulk computer disks in different colors are packed in three-color assortments for sale to computer users 
D)  the breaking bulk and repackaging at a distribution center

Question 19

Celebrated Products is introducing a new line of celebrity signature sunglasses.The sales manager wants a media blitz to make customers aware of the line and create early sales typical of a "pull" pattern.Which will be a likely result of the marketing manager's plan?

Accepted Answer

A)  a stable demand pattern 
B)  emergency shipments 
C)  an erratic demand pattern 
D)  strain on the logistics system 
A)  a stable demand pattern 
B)  emergency shipments 
C)  an erratic demand pattern 
D)  strain on the logistics system

Question 20

What is ROA? Discuss how it can impact logistics.

Accepted Answer

While manufacturing and marketing are pr

All four subdivisions of logistics have some common characteristics.Which of the below does not belong in the list:

Materials handling is concerned with

What are the 4 "PHs"? Select one,and discuss how it affects logistics.

What is often the largest component of logistics costs?

Ensuring the availability of the right product,in the right quantity,and the right condition,at the right place,at the right time,for the right customer at the right cost,is which definition of logistics?

Marketers have begun to recognize the strategic value of place in the marketing mix,as well as the benefits resulting from high-quality logistical services.As a result,which has been recognized as the interface activity between marketing and logistics?

Logistics systems having a very heavy inbound flow and a very simple outbound flow are reverse systems.

The utility created through the basic marketing activities is known as place utility.

In a logistics system,warehousing should be optimized at the expense of related logistics activities,such as transportation and procurement.

There are five principal types of economic utility that add value to a product or service.Name four of the five and pick one to discuss in more detail.

The logistics definitions discussed indicate 14 activities for which the logistics manager might be responsible.Name at least eight and briefly discuss any two in detail.

The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis.

A balanced system is

The inverse relationship that exists between the cost of lost sales and inventory costs is the inventory effect.

The text mentions four subdivisions of logistics.Pick one,define and discuss.

What are established spatial points where goods stop for storage or processing?

A product's form utility is created when value is added to the product through a manufacturing,production or assembly process.However,logistics activity can provide form utility also.Which is an example of the creation of form utility by a logistics activity?

Celebrated Products is introducing a new line of celebrity signature sunglasses.The sales manager wants a media blitz to make customers aware of the line and create early sales typical of a "pull" pattern.Which will be a likely result of the marketing manager's plan?

What is ROA? Discuss how it can impact logistics.

Supply Chain Management: An Overview

Global Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology Managing Information Flows

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Transportation: Managing the Flow of the Supply Chain

Distribution Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations Producing Goods and Services

Managing Reverse Flows in the Supply Chain

Strategic Challenges and Change for Supply Chains

Filters

Exam 2: Role of Logistics in Supply Chains

All four subdivisions of logistics have some common characteristics.Which of the below does not belong in the list:

Materials handling is concerned with

What are the 4 "PHs"? Select one,and discuss how it affects logistics.

What is often the largest component of logistics costs?

Ensuring the availability of the right product,in the right quantity,and the right condition,at the right place,at the right time,for the right customer at the right cost,is which definition of logistics?

Marketers have begun to recognize the strategic value of place in the marketing mix,as well as the benefits resulting from high-quality logistical services.As a result,which has been recognized as the interface activity between marketing and logistics?

Logistics systems having a very heavy inbound flow and a very simple outbound flow are reverse systems.

The utility created through the basic marketing activities is known as place utility.

In a logistics system,warehousing should be optimized at the expense of related logistics activities,such as transportation and procurement.

There are five principal types of economic utility that add value to a product or service.Name four of the five and pick one to discuss in more detail.

The logistics definitions discussed indicate 14 activities for which the logistics manager might be responsible.Name at least eight and briefly discuss any two in detail.

The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis.

A balanced system is

The inverse relationship that exists between the cost of lost sales and inventory costs is the inventory effect.

The text mentions four subdivisions of logistics.Pick one,define and discuss.

What are established spatial points where goods stop for storage or processing?

A product's form utility is created when value is added to the product through a manufacturing,production or assembly process.However,logistics activity can provide form utility also.Which is an example of the creation of form utility by a logistics activity?

Celebrated Products is introducing a new line of celebrity signature sunglasses.The sales manager wants a media blitz to make customers aware of the line and create early sales typical of a "pull" pattern.Which will be a likely result of the marketing manager's plan?

What is ROA? Discuss how it can impact logistics.

Supply Chain Management: An Overview

Global Supply Chains

Supply Chain Relationships

Supply Chain Performance Measurement and Financial Analysis

Supply Chain Technology Managing Information Flows

Demand Management

Order Management and Customer Service

Managing Inventory in the Supply Chain

Transportation: Managing the Flow of the Supply Chain

Distribution Managing Fulfillment Operations

Supply Chain Network Analysis and Design

Sourcing Materials and Services

Operations Producing Goods and Services

Managing Reverse Flows in the Supply Chain

Strategic Challenges and Change for Supply Chains

Filters