SCMN 3710 Chapter 12 Exam Questions and Answers
All Correct
/Many organizations have directed significant attention toward working more closely
with supply chain partners, including not only customers and suppliers but also various
types of logistics suppliers - Answer-True
/.A horizontal relationship refers to firms on the same level in the supply chain. -
Answer-False
/.The range of relationships with 3PLs ranges from being a vendor to being a vertical
supplier. - Answer-False
/.The first stage in the process model for forming and sustaining supply chain
relationships involves the process by which a manufacturer becomes fully aware of its
logistics and supply chain needs. - Answer-True
/.Drivers and facilitators are internal issues that an organization must address before
seeking a 3PL. - Answer-False
/.Once a 3PL provider is chosen, it is not necessary for an organization to seek
continuous improvements as the 3PL will handle that function. - Answer-False
/.Collaboration is usually defined as a "business practice that encourages individual
organizations to share information and resources for the benefit of all". - Answer-True
/.A Third Party Logistics firm is defined as a company that owns trucks and warehouses
so as to offer integrated services. - Answer-False
/.Outsourcing and contract logistics are terms sometimes used to describe third-party
logistics. - Answer-True
/.A financial based 3PL is a firm that takes a financial interest in an organization in order
to underwrite the outsourcing of that firm's logistics. - Answer-False
/.Vertical integration refers to collaboration typically among buyers and sellers in the
supply chain. - Answer-True
/.The "IT gap" refers to the difference between the internal IT capabilities of 3PL users
and the IT expertise of the 3PL providers. - Answer-False
/.4PL providers not only provide a broader scope of services to their clients and
customers, but typically may be more strategically involved. - Answer-True
All Correct
/Many organizations have directed significant attention toward working more closely
with supply chain partners, including not only customers and suppliers but also various
types of logistics suppliers - Answer-True
/.A horizontal relationship refers to firms on the same level in the supply chain. -
Answer-False
/.The range of relationships with 3PLs ranges from being a vendor to being a vertical
supplier. - Answer-False
/.The first stage in the process model for forming and sustaining supply chain
relationships involves the process by which a manufacturer becomes fully aware of its
logistics and supply chain needs. - Answer-True
/.Drivers and facilitators are internal issues that an organization must address before
seeking a 3PL. - Answer-False
/.Once a 3PL provider is chosen, it is not necessary for an organization to seek
continuous improvements as the 3PL will handle that function. - Answer-False
/.Collaboration is usually defined as a "business practice that encourages individual
organizations to share information and resources for the benefit of all". - Answer-True
/.A Third Party Logistics firm is defined as a company that owns trucks and warehouses
so as to offer integrated services. - Answer-False
/.Outsourcing and contract logistics are terms sometimes used to describe third-party
logistics. - Answer-True
/.A financial based 3PL is a firm that takes a financial interest in an organization in order
to underwrite the outsourcing of that firm's logistics. - Answer-False
/.Vertical integration refers to collaboration typically among buyers and sellers in the
supply chain. - Answer-True
/.The "IT gap" refers to the difference between the internal IT capabilities of 3PL users
and the IT expertise of the 3PL providers. - Answer-False
/.4PL providers not only provide a broader scope of services to their clients and
customers, but typically may be more strategically involved. - Answer-True
