Exam 1: Introduction to Supply Chain Management

According to the textbook,environmental and social impacts are considered outside of supply chain management.

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

The primary difference between FOB origination and FOB destination is that FOB destination requires that the supplier legal own the product until it reaches the destination;in FOB origination the buyer takes ownership immediately and is thus responsible for arranging delivery.

The key to the success of any company is the quality of its employees.

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?

According to the textbook,the largest ocean containerships can carry how many twenty-foot containers?

One operational method for managing inventory is the implementation of a software system which can be referred to as:​

Supply management is a broader concept than purchasing.

What does LTL stand for in the transportation industry?

Private warehouses refer to warehouses that are owned by the firm storing the goods.

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.

In the manufacturing sector,the percentage of purchases to sales averages 55 percent.

Which of the following legislative acts is NOT in support of transportation deregulation?

What is the abbreviation for a truck trailer which is placed on a flat railcar that would then be pulled by a train engine?

The universally accepted definition of supply chain management is "the management and integration of the parties involved in producing the end items coveted by consumers."

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

A transportation intermediary used to consolidate large numbers of small shipments to fill entire truck trailers or rail cars to achieve truckload or carload transportation rates is referred to as:

Limitations of air carrier transport include cost and airport accessibility.

According to the textbook,in the 1950's and 1960's,mass production techniques focused on creating supplier partnerships,improving process design and flexibility,and improving product quality.

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