Deck 15: Global Supply Chain Procurement and Distribution

Question 1

The largest category of goods and services that most companies purchase over the Internet are

A)manufacturing inputs
B)maintenance,repair and operation
C)corporate services
D)original equipment manufacture

Answer 1

B

Question 2

The key component in intermodal transportation is

A)trucking
B)railroads
C)containers
D)ships

Answer 2

C

Question 3

A process where a company posts contracts on a website for items it wants to buy so that suppliers can bid on them is a

A)e-marketplace
B)auction
C)reverse auction
D)spend analysis

Answer 3

C

Question 4

The annual cost of warehousing in the U.S.is over

A)$250 billion
B)$470 billion
C)$700 billion
D)$1 trillion

Question 5

The focus of distribution,ensuring on-time delivery of an order,is referred to as

A)spend analysis
B)logistics
C)transportation
D)order fulfillment

Question 6

Indirect goods and services that do not go directly into a product are

A)maintenance,repair and operation
B)corporate services
C)original equipment manufacturer
D)sourcing manufacturer

Question 7

A website where companies and suppliers conduct B2B procurement activities is

A)an OEM
B)an MRO
C)UPS
D)an e-marketplace

Question 8

The act of purchasing goods and services that may have originally been produced in-house from an outside supplier is called

A)sourcing
B)procurement
C)outsourcing
D)continuous replenishment

Question 9

The most important factor in transportation and distribution is

A)cost
B)quality
C)speed
D)reliability

Question 10

An international organization with over 160 member countries dealing with the global rules of trade and that can award most-favored-nation status is the

A)EU
B)NAFTA
C)ISO
D)WTO

Question 11

In the U.S.the greatest amount of freight is shipped by

A)railroads
B)trucking
C)air freight
D)waterways

Question 12

A formal process usually incorporating software for analyzing procurement data to lower costs is

A)spend analysis
B)outsourcing
C)corporate services
D)e-procurement

Question 13

Goods and services that go directly into the production of a product are

A)maintenance,repair and operation
B)corporate services
C)original equipment manufacturer
D)sourcing manufacturer

Question 14

Cross-docking,in which a distribution center directs incoming shipments straight to a shipping dock to fill outgoing orders without storing it was originated by

A)Proctor & Gamble
B)Dell
C)Walmart
D)Apple

Question 15

The worst record of quality performance among shipping modes is by

A)trucking
B)air freight
C)waterways
D)railroads

Question 16

The total cost of producing,storing and transporting a product to the site of consumption or another port is the

A)landed cost
B)tariff
C)duty
D)value added tax

Question 17

The world's leading consumer goods sourcing company supplying apparel products to over 8,000 global customers is

A)Walmart
B)Zara
C)Li & Fung
D)Hong Kong Exports,Ltd

Question 18

Moving some final manufacturing steps into a warehouse or distribution center is referred to as

A)logistical transfer
B)outsourcing
C)continuous replenishment
D)postponement

Question 19

A relationship in which a company shares real-time demand and inventory data with its suppliers,goods and services are provided to the company as needed is called

A)direct sourcing
B)direct-response delivery
C)on-demand delivery
D)continuous replenishment