Deck 4: Supply Chain Relationships

Question 1

Companies are working more closely with

A) customers.
B) customers and suppliers.
C) third-party logistics firms.
D) customers,suppliers,and third-party logistics firms.

Answer 1

D

Question 2

The first stage in the process model for forming logistics relationships involves the process by which a manufacturer becomes fully aware of its logistics and supply chain.

Answer 2

True

Question 3

The range of relationships with 3PLs ranges from being a vendor to being a vertical supplier.

Answer 3

False

Question 4

The most frequently outsourced function is freight bill payment.

Question 5

Many companies do not want to outsource logistics because they have a core competency in logistics.

Question 6

Many 3PLs are using the technology area to distinguish themselves from

A) warehouse firms.
B) transport firms.
C) 4PLs.
D) competitors.

Question 7

Whether the relationship may or may not be with a provider of logistics services,today's supply chain relationships are most effective when collaboration occurs among the ____ who are involved.

A) participants
B) third party logistics providers
C) customers
D) suppliers

Question 8

A financially based 3PL is a firm that takes a financial interest in a firm in order to underwrite the outsourcing of that firm's logistics.

Question 9

A Third Party Logistics firm is defined as a company that owns trucks and warehouses so as to offer integrated services.

Question 10

Full collaboration is the dynamic combination of

A) buyers,sellers,retailers,and 3PLs.
B) buyers,sellers,retailers,3PLs,and appropriate government agencies.
C) both vertical and horizontal collaboration.
D) buyers and sellers only.

Question 11

Outsourcing and Contract Logistics are terms are sometimes used to describe third-party logistics.

Question 12

While available evidence supports the fact that the president or CEO and the finance executive are often involved with the identification of the need for logistic services,

A) customers are demanding a change.
B) executives from other areas in the firms are also aware of such needs but to a lesser degree.
C) a 4PL will suggest greater collaboration.
D) off shore sourcing will point to greater need.

Question 13

Once a 3PL provider is chosen,it is not necessary to seek continuous improvements as the 3PL will handle that function.

Question 14

A third-party logistics firm may be defined as

A) an outsource service.
B) a firm that owns trucks and warehouses.
C) a firm that owns trucks and warehouses and provides computer support.
D) an external supplier that performs all or part of a company's logistics functions.

Question 15

Horizontal collaboration refers to a relationship that is ____ and/or ____.

A) 3PLs to 3PLs and/or service provider to service provider
B) buyer to buyer and/or seller to seller
C) flat across the chain and/or involving partners equal in size
D) collaboration with horizontal and/or vertical competitors

Question 16

Drivers and facilitators are internal issues that a firm must address before seeking a 3PL.

Question 17

Many firms have directed significant attention towards working more closely with supply chain partners,including not only customers and suppliers but also various types of logistics suppliers.

Question 18

Vertical collaboration refers to

A) collaboration among buyers and sellers in the supply chain.
B) collaboration among carriers and shippers.
C) collaboration that moves up the supply chain.
D) collaboration with competitors.

Question 19

Collaboration is usually defined as "business practice that encourages individual organizations to share information and resources for the benefit of all."

Question 20

A horizontal relationship refers to firms on the same level in the supply chain.

Question 21

What are some of the types of activities often outsourced?

Question 22

In a recent survey,respondents reported experiencing a number of problems with their relationships with 3PLS.What were some of them? Choose two,and discuss how you feel this would impact the relationship.

Question 23

Approximately two-thirds of 3PL customers think their providers supply

A) tactical or operational services.
B) strategic or integrative services.
C) trucking and warehouse services.
D) a firm that can supply a competency that is not core to the firm.

Question 24

What is collaboration? Name the three types,and discuss one of them in more detail.

Question 25

Define "Drivers" and "Facilitators," and name three of the primary factors ascribed to them.

Question 26

Define Third Party Logistics and list some of the participants in this sector.

Question 27

There are at least six types of third-party logistics firms.Name them,and select two to discuss in more detail.

Question 28

There are six steps in the process model for forming logistics relationships.Name five of the six,and choose two to discuss in more detail.

Question 29

Define and discuss the term "4PL."

Question 30

Generally,there are two types of logistics relationships.Name both,and pick one to discuss in more detail.

Question 31

Define what a "transactional" relationship is,and discuss how this occurs in logistics.