OMGT 4753 MIDTERM REVIEW EXAM
QUESTIONS AND ANSWERS
Integrated Supply Chain - Correct Answers -Integrating the flows of products,
information, and financials through the entire supply pipeline from the suppliers to the
customers.
What are the major supply chain issues? - Correct Answers -Length of supply chain,
complexity, stability, and competitors
What is Strategic Logistics Management(SLM)? - Correct Answers -the use of
resources to accomplish company goals and carry out company actions
Types of major supply chain logistics trends - Correct Answers -1. E commerce
2. Risk Mgmt
3. Increasing competition
4. Relationship Mgmt
5. Environmental Responsibility
6. Strategic importance of logistics
7. Globalization
What is logistics? - Correct Answers -The process of anticipating customer needs and
wants and acquiring the resources to do so effectively and efficiently.
What is the history of logistics? - Correct Answers -Wagon soldiers in war with supplies
and long travel
What is being managed in logistics? - Correct Answers -1. Transportation
2. Warehousing and Storage
3. Packaging
4. Materials handling
5. Inventory control
6. Distribution / Fulfillment
7. Logistics service providers
, 8. Customer service
9. Financial Performance
Efficiency - Correct Answers -Doing more with less / ex. cost reduction
Effectiveness - Correct Answers -Achieving goals / ex. customer service
trade offs of efficiency and effectiveness - Correct Answers -too much efficiency can
create problems with customers, too much effectiveness can cause the company to not
be able to recoup costs
5 different types of utility - Correct Answers -1. Form- transformation of products
2. Place- where customers needs products
3. Time- lead-time; when customers need the product
4. Quantity- how much the customer needs
5. Possession-promotion
What is the value of logistics? - Correct Answers -Functional integration by using
manufacturing and operations and marketing
Enterprise logistics integration - Correct Answers -The integration of logistics activities
internally to the firm and throughout the entire supply chain.
Structure - Correct Answers -The structure of the firm and how it relates to the entire
supply chain
Strategy - Correct Answers -How a firm will achieve and maintain a competitive
advantage
What is the effect of enterprise logistics integration, structure, and strategy on
performance? - Correct Answers -
What are the drivers of supply chain design? - Correct Answers -1. Changes in global
trade patterns
2. Changes in customer service requirements
3. Shifts in customer and/ or supply market locations
4. Changes in corporate ownership
5. Corporate organizational change
6. Cost pressures
7. Competitive capabilities
Use amazon examples to describe some of these changes. Why did they make these
changes? - Correct Answers -Uses robots that improve efficiency by 20%.Also has
items in random placed in shelves and computer tracks where the items are and shows
the fastest route to get that item.
QUESTIONS AND ANSWERS
Integrated Supply Chain - Correct Answers -Integrating the flows of products,
information, and financials through the entire supply pipeline from the suppliers to the
customers.
What are the major supply chain issues? - Correct Answers -Length of supply chain,
complexity, stability, and competitors
What is Strategic Logistics Management(SLM)? - Correct Answers -the use of
resources to accomplish company goals and carry out company actions
Types of major supply chain logistics trends - Correct Answers -1. E commerce
2. Risk Mgmt
3. Increasing competition
4. Relationship Mgmt
5. Environmental Responsibility
6. Strategic importance of logistics
7. Globalization
What is logistics? - Correct Answers -The process of anticipating customer needs and
wants and acquiring the resources to do so effectively and efficiently.
What is the history of logistics? - Correct Answers -Wagon soldiers in war with supplies
and long travel
What is being managed in logistics? - Correct Answers -1. Transportation
2. Warehousing and Storage
3. Packaging
4. Materials handling
5. Inventory control
6. Distribution / Fulfillment
7. Logistics service providers
, 8. Customer service
9. Financial Performance
Efficiency - Correct Answers -Doing more with less / ex. cost reduction
Effectiveness - Correct Answers -Achieving goals / ex. customer service
trade offs of efficiency and effectiveness - Correct Answers -too much efficiency can
create problems with customers, too much effectiveness can cause the company to not
be able to recoup costs
5 different types of utility - Correct Answers -1. Form- transformation of products
2. Place- where customers needs products
3. Time- lead-time; when customers need the product
4. Quantity- how much the customer needs
5. Possession-promotion
What is the value of logistics? - Correct Answers -Functional integration by using
manufacturing and operations and marketing
Enterprise logistics integration - Correct Answers -The integration of logistics activities
internally to the firm and throughout the entire supply chain.
Structure - Correct Answers -The structure of the firm and how it relates to the entire
supply chain
Strategy - Correct Answers -How a firm will achieve and maintain a competitive
advantage
What is the effect of enterprise logistics integration, structure, and strategy on
performance? - Correct Answers -
What are the drivers of supply chain design? - Correct Answers -1. Changes in global
trade patterns
2. Changes in customer service requirements
3. Shifts in customer and/ or supply market locations
4. Changes in corporate ownership
5. Corporate organizational change
6. Cost pressures
7. Competitive capabilities
Use amazon examples to describe some of these changes. Why did they make these
changes? - Correct Answers -Uses robots that improve efficiency by 20%.Also has
items in random placed in shelves and computer tracks where the items are and shows
the fastest route to get that item.
