Exam 1: Introduction to Supply Chain Management

The supply chain management element that plans,implements,and controls the efficient,effective forward and reverse flow and storage of goods,services and related information between the point of origin and the point of consumption in order to meet customers' requirements is also referred to as:

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Question 1

Correct Answer:

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The _____ is a change index,and generally a rating over 50 indicates that the economy is expanding.

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Question 2

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Does risk pooling favor a centralized or decentralized warehousing system? Why?

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Question 3

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Risk pooling favors a centralized warehousing system.
Risk pooling,through the square root rule,illustrates the relationship between inventory,customer service levels,and the number of warehouses.By using the square root rule formula it can be seen that demand in different markets is negatively correlated.This means that high demand in one area will likely be offset by low demand in another area.Thus,having fewer warehouses offsets the need for a large pool of safety stock distributed amongst a large number of warehouses.In other words system variability can be better controlled from one centralized warehouse versus a large number of warehouses all of which would have to have their own pool of safety stocks in order to control demand variability within their region.

Which of the following modes of cargo transport can be characterized as being the most inexpensive and very slow,yet good for transporting very heavy goods a long-distance?

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Question 4

The assembly or production of finished products,producing the right amount of product,and ensuring that finished products meet specific quality,cost,and customer service requirements can all be considered elements of operations.

(True/False)

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Question 5

A shipment that originates in Los Angeles and is placed inside a sealed standardized 8' by 8' by 20' container attached to a truck trailer and is moved from Los Angeles to Phoenix where the container is then moved to a railcar for final shipment to Denver where it would then be loaded onto another truck trailer would be considered an intermodal shipment since the container remained sealed throughout the shipment.

(True/False)

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Question 6

According to the textbook,third-party logistics providers (3LPs)do not offer assistance with helping products clear customs.

(True/False)

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Question 7

_____ helps ensure that customers receive material when and where they require it and represents the key link between the producer and the external customer.

(Multiple Choice)

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Question 8

There are many definitions for supply chain management. a.Define supply chain management in your own words. b. What is the goal of supply chain management?

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Question 9

Which of the following can be classified as a 3PL?

(Multiple Choice)

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Question 10

According to the text,the FOUR important elements of the supply chain are:

(Multiple Choice)

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Question 11

Most of the features that make their way into final products originate with suppliers.

(True/False)

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Question 12

In order to provide more comprehensive delivery service,some freight-only airlines have invested in developing their own motor carrier fleets to provide full door to door service delivery.

(True/False)

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Question 13

The term Supply Chain Management and the field of study it represents today seems to have emerged in the:

(Multiple Choice)

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Question 14

Which of the following would be considered a third party provider?

(Multiple Choice)

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Question 15

Which of the following types of warehouses takes a large number of LTL shipments and repackages them in TL or CL quantities to a manufacturer or user-facility located in another area or region?

(Multiple Choice)

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Question 16

According to the Institute for Supply Management,_____ is the identification,acquisition,access,positioning,and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.

(Multiple Choice)

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Question 17

Purchasing is becoming less responsible for sourcing indirect goods and services required by internal groups.

(True/False)

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Question 18

A small LTL shipment that originates on a truck in Los Angeles and is moved from Los Angeles to Phoenix where it is unloaded and put onto another truck for final shipment to Denver would be considered an intermodal shipment since it utilizes more than one vehicle during shipment.

(True/False)

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Question 19

The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the manufacturer of the defect.

(True/False)

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Question 20

Showing 1 - 20 of 148

The supply chain management element that plans,implements,and controls the efficient,effective forward and reverse flow and storage of goods,services and related information between the point of origin and the point of consumption in order to meet customers' requirements is also referred to as:

The _____ is a change index,and generally a rating over 50 indicates that the economy is expanding.

Does risk pooling favor a centralized or decentralized warehousing system? Why?

Which of the following modes of cargo transport can be characterized as being the most inexpensive and very slow,yet good for transporting very heavy goods a long-distance?

The assembly or production of finished products,producing the right amount of product,and ensuring that finished products meet specific quality,cost,and customer service requirements can all be considered elements of operations.

According to the textbook,third-party logistics providers (3LPs)do not offer assistance with helping products clear customs.

_____ helps ensure that customers receive material when and where they require it and represents the key link between the producer and the external customer.

There are many definitions for supply chain management. a.Define supply chain management in your own words. b. What is the goal of supply chain management?

Which of the following can be classified as a 3PL?

According to the text,the FOUR important elements of the supply chain are:

Most of the features that make their way into final products originate with suppliers.

In order to provide more comprehensive delivery service,some freight-only airlines have invested in developing their own motor carrier fleets to provide full door to door service delivery.

The term Supply Chain Management and the field of study it represents today seems to have emerged in the:

Which of the following would be considered a third party provider?

Which of the following types of warehouses takes a large number of LTL shipments and repackages them in TL or CL quantities to a manufacturer or user-facility located in another area or region?

According to the Institute for Supply Management,_____ is the identification,acquisition,access,positioning,and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.

Purchasing is becoming less responsible for sourcing indirect goods and services required by internal groups.

A small LTL shipment that originates on a truck in Los Angeles and is moved from Los Angeles to Phoenix where it is unloaded and put onto another truck for final shipment to Denver would be considered an intermodal shipment since it utilizes more than one vehicle during shipment.

The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the manufacturer of the defect.

Purchasing Management

Creating and Managing Supplier Relationship

Ethical and Sustainable Sourcing

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management - Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

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Exam 1: Introduction to Supply Chain Management

The supply chain management element that plans,implements,and controls the efficient,effective forward and reverse flow and storage of goods,services and related information between the point of origin and the point of consumption in order to meet customers' requirements is also referred to as:

The _____ is a change index,and generally a rating over 50 indicates that the economy is expanding.​

Does risk pooling favor a centralized or decentralized warehousing system? Why?

Which of the following modes of cargo transport can be characterized as being the most inexpensive and very slow,yet good for transporting very heavy goods a long-distance?

The assembly or production of finished products,producing the right amount of product,and ensuring that finished products meet specific quality,cost,and customer service requirements can all be considered elements of operations.

According to the textbook,third-party logistics providers (3LPs)do not offer assistance with helping products clear customs.​

_____ helps ensure that customers receive material when and where they require it and represents the key link between the producer and the external customer.

There are many definitions for supply chain management. a.Define supply chain management in your own words. b. What is the goal of supply chain management?​

Which of the following can be classified as a 3PL?

According to the text,the FOUR important elements of the supply chain are:​

Most of the features that make their way into final products originate with suppliers.​

In order to provide more comprehensive delivery service,some freight-only airlines have invested in developing their own motor carrier fleets to provide full door to door service delivery.

The term Supply Chain Management and the field of study it represents today seems to have emerged in the:​

Which of the following would be considered a third party provider?

Which of the following types of warehouses takes a large number of LTL shipments and repackages them in TL or CL quantities to a manufacturer or user-facility located in another area or region?

According to the Institute for Supply Management,_____ is the identification,acquisition,access,positioning,and management of resources and related capabilities an organization needs or potentially needs in the attainment of its strategic objectives.

Purchasing is becoming less responsible for sourcing indirect goods and services required by internal groups.

A small LTL shipment that originates on a truck in Los Angeles and is moved from Los Angeles to Phoenix where it is unloaded and put onto another truck for final shipment to Denver would be considered an intermodal shipment since it utilizes more than one vehicle during shipment.

The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the manufacturer of the defect.

Purchasing Management

Creating and Managing Supplier Relationship

Ethical and Sustainable Sourcing

Demand Forecasting

Resource Planning Systems

Inventory Management

Process Management - Lean and Six Sigma in the Supply Chain

Domestic Usand Global Logistics

Customer Relationship Management

Global Location Decisions

Service Response Logistics

Supply Chain Process Integration

Performance Measurement Along the Supply Chain

Filters

The _____ is a change index,and generally a rating over 50 indicates that the economy is expanding.

According to the textbook,third-party logistics providers (3LPs)do not offer assistance with helping products clear customs.

There are many definitions for supply chain management. a.Define supply chain management in your own words. b. What is the goal of supply chain management?

According to the text,the FOUR important elements of the supply chain are:

Most of the features that make their way into final products originate with suppliers.

The term Supply Chain Management and the field of study it represents today seems to have emerged in the: