Exam 11: Logistics

A warehousing approach whereby large shipments come in and are broken down into smaller shipments to several locations is known as

Trading the cost of improving service with service levels is known as a cost-to-cost trade-off.

The trade bloc consisting of the United States,Mexico and Canada is known as ________.

Best Tools wants to locate a warehouse to serve their major distributors that are shown in the table below.What are the x and y coordinates for the location that will minimize the transportation costs for their distribution network?

A warehousing approach whereby large shipments come in and are broken down into smaller shipments to several locations is known as ________.

The mode of transportation which has the highest fixed cost is truck.

Discuss some of the coming changes in Logistics.

A facility for storing inventory is known as a ________.

Places where large shipments of the same items are broken out and separated to go to separate locations are known as

As the minimum required order quantity increases without any change in the procurement price,landed costs will decrease.

A higher logistics cost as a percentage of GDP for a country makes that country more competitive globally.

The mode of transportation (among the non-pipeline carriers)which is the cheapest per tonnage is

The total cost to get the product to the consumer is known as ________.

A calculation for computing the safety stock inventory in warehouses,given the number of warehouses,is known as the ________.

Places where large shipments of the same items are broken out and separated to go to separate locations are known as ________.

A firm decides to use a less expensive mode of transportation like train,even though it is slower.This is an example of a

Which of the following is usually the second largest cost,behind the cost of goods sold that a company will incur?

Which of the following is true about derived demand?

The mode of transportation (among the non-pipeline carriers)which is the cheapest per tonnage is ________.

Transportation is usually the largest cost,even higher than the cost of goods sold that a company will incur.