Exam 11: Logistics

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The mode of transportation which has the highest carbon footprint as measured by grams per metric ton/km is

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C

An individual or company that facilitates moving product from producer to final destination often across international borders is known as ________.

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freight forwarder

The mode of transportation which is the cheapest per tonnage is rail.

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

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More economically advanced countries spend less as a percentage of GDP on logistics than less economically advanced countries.

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Logistics provides which of the following utilities?

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

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The flow of products upstream in the supply chain is known as ________.

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More economically advanced countries spend ________ as a percentage of GDP on logistics than less economically advanced countries.

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Taking small shipments and combining them into more economical larger shipments is known as ________.

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Logisticians must consider the cost-to-service trade-off when deciding how much safety stock they need to store.

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A large load of KitchenAid blenders is shipped to a large regional warehouse of a major retailer.The received shipment pallets are broken down,so that two blenders may be shipped to one store,another 3 shipped to a second store and so on.Such a technique is known as

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

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

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The mode of transportation within the United States that carries the most weight in terms of tons is ________.

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

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The freight cost per mile has been generally ________ through the last decade.

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Functions such as purchasing and production that are not traditional logistics functions are known as ________.

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Demand created as managers conceptualize forecasts and guess at future demand is known as

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Logistics managers are responsible for overseeing only finished goods inventory.

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