International Logistics Exam 1 Frank Adams
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questions with verified answers
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Control |Decisions |- |CORRECT |ANSWER-the |day-to-day |decisions |you |make |that |define |how |you |make |
things.
Forecasting, |Inventory, |Scheduling, |Quality |Control
Design |Decisions |- |CORRECT |ANSWER-where |and |how |you |deploy |your |assets—especially |plant |and |
equipment |(i.e., |your |infrastructure)—to |create |value |over |the |long |haul.
Product |Design, |Process |Design, |Facility |Layout, |Facility |Location
Design |for |manufacturability |- |CORRECT |ANSWER-designing |of |products |so |that |they |can |be |easily |and
|inexpensively |made.
Design |decisions |are |easy-to-change |in |the |short |term |and |have |an |immediate |impact |on |your |firm's |
competitiveness. |- |CORRECT |ANSWER-False
Which |of |the |following |is |not |a |critical |design |decision?
Product |Design
Process |Design
Facility |Layout
Facility |Location
Scheduling |- |CORRECT |ANSWER-Scheduling
Forecasting |is |the |tool |you |use |to |guess |what |products |are |going |to |sell—and |when |they |will |sell. |- |
CORRECT |ANSWER-true
, The |value |chain |expresses |the |idea |that |different |functions |within |the |firm |are |interconnected |and |
only |by |working |together |can |the |firm |effectively |create |customer |value |and |compete |in |a |tough |
competitive |environment. |- |CORRECT |ANSWER-True
environmental |scanning |- |CORRECT |ANSWER-The |process |of |systematically |seeking, |acquiring, |and |
interpreting |relevant |data |to |identify |external |opportunities |and |threats.
Tangibility |refers |to |the |fact |that |you |can't |hold |a |service |in |your |hand—i.e., |you |can |only |experience |
it |as |you |consume |it. |- |CORRECT |ANSWER-True
Facility |location |decisions |- |CORRECT |ANSWER-Where |should |you |make |things? |You |want |to |locate |
your |operations |in |places |that |give |you |access |to |either |factor |inputs |(e.g., |low-cost |labor |or |
materials) |or |consumer |markets
Reorder |points |- |CORRECT |ANSWER-replenishment |is |triggered.Compares |the |amount |of |inventory |
currently |available |with |the |rate |of |demand |to |determine |when |to |produce
scientific |method |- |CORRECT |ANSWER-Frederick |Taylor |brought |an |early |form |of |continuous |
improvement |to |the |factory |floor. |His |approach |of |observing, |training, |monitoring, |and |improving |led |
to |standardized |operations |practices
services |as |part |of |the |economy |- |CORRECT |ANSWER-You |want |to |enjoy |a |higher |standard |of |living—
now |and |in |the |future. |Better |living |standards |depend |on |gains |in |productivity |as |well |as |innovation. |
Future |prosperity |thus |depends |on |how |well |we |manage |and |improve |service |operations.
Service |operations |are |very |different |from—and, |in |many |respects, |more |challenging |to |manage |than
—manufacturing |operations.
Product |vs. |Service |Supply |Chain |- |CORRECT |ANSWER-service |providers |can't |control |customer |
behavior |the |way |a |manufacturer |can |control |the |physical |dimensions |of |a |product
SCOR |model |- |CORRECT |ANSWER-a |tool |that |benchmarks |best |practices |across |a |company's |core |
value |added |activities, |including |sourcing, |operations, |logistics, |and |product |return.
| | | | | |
questions with verified answers
| | |
Control |Decisions |- |CORRECT |ANSWER-the |day-to-day |decisions |you |make |that |define |how |you |make |
things.
Forecasting, |Inventory, |Scheduling, |Quality |Control
Design |Decisions |- |CORRECT |ANSWER-where |and |how |you |deploy |your |assets—especially |plant |and |
equipment |(i.e., |your |infrastructure)—to |create |value |over |the |long |haul.
Product |Design, |Process |Design, |Facility |Layout, |Facility |Location
Design |for |manufacturability |- |CORRECT |ANSWER-designing |of |products |so |that |they |can |be |easily |and
|inexpensively |made.
Design |decisions |are |easy-to-change |in |the |short |term |and |have |an |immediate |impact |on |your |firm's |
competitiveness. |- |CORRECT |ANSWER-False
Which |of |the |following |is |not |a |critical |design |decision?
Product |Design
Process |Design
Facility |Layout
Facility |Location
Scheduling |- |CORRECT |ANSWER-Scheduling
Forecasting |is |the |tool |you |use |to |guess |what |products |are |going |to |sell—and |when |they |will |sell. |- |
CORRECT |ANSWER-true
, The |value |chain |expresses |the |idea |that |different |functions |within |the |firm |are |interconnected |and |
only |by |working |together |can |the |firm |effectively |create |customer |value |and |compete |in |a |tough |
competitive |environment. |- |CORRECT |ANSWER-True
environmental |scanning |- |CORRECT |ANSWER-The |process |of |systematically |seeking, |acquiring, |and |
interpreting |relevant |data |to |identify |external |opportunities |and |threats.
Tangibility |refers |to |the |fact |that |you |can't |hold |a |service |in |your |hand—i.e., |you |can |only |experience |
it |as |you |consume |it. |- |CORRECT |ANSWER-True
Facility |location |decisions |- |CORRECT |ANSWER-Where |should |you |make |things? |You |want |to |locate |
your |operations |in |places |that |give |you |access |to |either |factor |inputs |(e.g., |low-cost |labor |or |
materials) |or |consumer |markets
Reorder |points |- |CORRECT |ANSWER-replenishment |is |triggered.Compares |the |amount |of |inventory |
currently |available |with |the |rate |of |demand |to |determine |when |to |produce
scientific |method |- |CORRECT |ANSWER-Frederick |Taylor |brought |an |early |form |of |continuous |
improvement |to |the |factory |floor. |His |approach |of |observing, |training, |monitoring, |and |improving |led |
to |standardized |operations |practices
services |as |part |of |the |economy |- |CORRECT |ANSWER-You |want |to |enjoy |a |higher |standard |of |living—
now |and |in |the |future. |Better |living |standards |depend |on |gains |in |productivity |as |well |as |innovation. |
Future |prosperity |thus |depends |on |how |well |we |manage |and |improve |service |operations.
Service |operations |are |very |different |from—and, |in |many |respects, |more |challenging |to |manage |than
—manufacturing |operations.
Product |vs. |Service |Supply |Chain |- |CORRECT |ANSWER-service |providers |can't |control |customer |
behavior |the |way |a |manufacturer |can |control |the |physical |dimensions |of |a |product
SCOR |model |- |CORRECT |ANSWER-a |tool |that |benchmarks |best |practices |across |a |company's |core |
value |added |activities, |including |sourcing, |operations, |logistics, |and |product |return.
