Deck 2: Supply Chain Management: Logistics Costs, Segmentation, and Strategies

Question 1

Which of the following is not included in the logistic costs?

A)Storage of material and waste
B)External and internal transport
C)Storage of semi-finished products
D)None of these

Answer 1

None of these

Question 2

Which cost element is included in inventory holding?

A)Service cost
B)Risk cost
C)Storage cost
D)All of these

Answer 2

All of these

Question 3

Which of the following is considered as fixed cost for supply chain costing?

A)Driver salary
B)Depreciation of vehicle
C)Warehouse building property tax
D)All of these

Answer 3

All of these

Question 4

Which of the following is not included in logistics costs?

A)Storage of material and waste
B)External and internal transport
C)Storage of semi-finished products
D)None of these

Question 5

What refers to the distance to and from a delivery zone?

A)Drop distance
B)Stem distance
C)Petal distance
D)None of these

Question 6

Which logistics net work modeling technique, is often referred to a "rule of thumb"?

A)Optimization modeling
B)Simulation models
C)Heuristic model
D)None of these

Question 7

Which of the following document is a contract between the owner of goods and carrier (as with domestic shipments)?

A)Consular invoice
B)Commercial invoice
C)Certificate of value
D)Bill of lading

Question 8

What is included in the product segmentation while undertaking supply chain segmentation?

A)Size
B)Temperature regime
C)Hazard
D)All of these

Question 9

Which phase of supply chain design process, decides on which market will be supplied from which locations?

A)Supply chain strategy
B)Supply chain planning
C)Supply chain operation
D)None of these

Question 10

Which of the following is not a part of logistics?

A)Production scheduling
B)Replenishment
C)Procurement
D)Meandering

Question 11

Non destructive methods of inspecting and identify goods in transportation systems is called

A)Radiography
B)Cargo scanning
C)Produce inspection
D)Goods verification

Question 12

The word 'logistics' is derived from the French word …………..

A)Logic
B)Loger
C)Longer
D)Logos

Question 13

Logistics is typically considered as a subset of ……………

A)Marketing
B)Supply chain management
C)Human resource management
D)None of these

Question 14

4PL stands for

A)Fourth Party Logistic Provider
B)Four Point Logistics Provider
C)Location Provider
D)None of these

Question 15

Integrated logistics systems included

A)Materials management
B)Materials flow systems
C)Physical distribution supported by information technology
D)All of the above

Question 16

…………..are the products that emerge when new products arrive to replace old products

A)Innovative products
B)Replacement products
C)Imitative products
D)All of these

Question 17

………… was the first kind of packaging Materials used in the history

A)Basket
B)Glass
C)Metal
D)None of these

Question 18

Which of the following is not an input into logistics

A)Land
B)Competitive advantage
C)Facilities
D)Equipment

Question 19

…………. is referred as professional working in the field of logistics management?

A)Manager
B)Warehouse man
C)Logistician
D)None of these

Question 20

What is the primary objective for material management?

A)Efficient materials planning
B)Maintaining good supplier and customer relationship
C)Supply and distribution of materials
D)All of these

Question 21

Which of the following is not a function of wholesaler?

A)Stock holding
B)Sub distribution
C)Promotion
D)None of these

Question 22

The length of time for which sellers extend credit terms to buyers is known as ………….

A)Marker
B)Dating
C)Buying
D)Price tag

Question 23

Where production logistics is primarily applied?

A)Manufacturing plants
B)Ware houses
C)Stock rooms
D)None of these

Question 24

…………describesthe process of logistics within the industry

A)Management logistics
B)Production logistics
C)Logisticians
D)None of these

Question 25

…………. Is referred as a professional working in the field of logistic management?

A)Manager
B)Ware house man
C)Logistician
D)None of these

Question 26

A systematic process for originating, developing and evaluating new product ideas is known as ………….

A)Marketing research
B)Product planning & development
C)Market forecast
D)All of these

Question 27

…………. refers to the process of having the right item in the right quantity at the right time at the right place for the right condition to the right customers

A)Business logistics
B)Engineering logistics
C)Management logistics
D)None of these

Question 28

It has been believed that the concept of the logistics originated from the …………..

A)Government
B)Military
C)People
D)None of these

Question 29

What is the primary function of a logistician

A)Inventory management
B)Selling
C)Packing
D)None of these

Question 30

Which of the following is an output of logistics

A)Land
B)Facilities
C)Competitive advantage
D)Equipment

Question 31

What does ROP expands to

A)Repeat Order Quantity
B)Reorder Quantity
C)Reorder-Point
D)Repeat Order Point

Question 32

The objectives of logistics is

A)Rapid response
B)Consolidated movement
C)Create visibility
D)All of these

Question 33

In a supply chain, material flows in one direction while ………….. from in both direction

A)Process
B)Information
C)Product
D)Semi-finished goods

Question 34

What are the two basic type of the production system?

A)Automated & manual
B)Intermittent & non -intermittent process
C)Normal and continuous process
D)Continuous process and batch

Question 35

A big advantage of process layout is

A)It is flexibility
B)It low cost
C)The ability to employee low skilled labor
D)It is a high equipment utilization

Question 36

Selecting suppliers and purchasing item is called …………..

A)Negotiation
B)Procurement
C)Contracting
D)Selection

Question 37

The purpose of supply chain management is…………….

A)provide customer satisfaction
B)improve quality of a product
C)Integrating supply and demand management
D)increase production

Question 38

Logistics is the part of supply chain involved with the forward and reverse flow of

A)goods
B)services
C)cash
D)all of the above

Question 39

The major decision areas in supply chain management are

A)planning, production ,distribution, inventory
B)Location, production, scheduling ,inventory
C)location ,production ,inventory
D)location ,production, distribution, marketing