TEST BANK Logistics Test 1 Ch 1-5 EXAM TEST
QUESTIONS WITH CORRECT ANSWERS.
1. Cost leadership
2. Differentiation
3.Focus Strategy - CORRECT ANSWER✅✅Three types of general strategies
1. POsession utility
2. Form Utility
3.Place Utility
4. Timeutility - CORRECT ANSWER✅✅Four types of economic utility
1.Network Complexity
2.Process Complexity
3.Range Complexity - CORRECT ANSWER✅✅Types of complexity
Agile Supply Chain - CORRECT ANSWER✅✅
Bullwhip effect - CORRECT ANSWER✅✅
Centralized organization - CORRECT ANSWER✅✅company maintains a single
logistics department that adminiters the related activities for the entire company from
the home office
Contract logistics - CORRECT ANSWER✅✅
Cost Leadership - CORRECT ANSWER✅✅Requires an organization to pursue
activities that will enable it to become the low-cost producer in an industry for a given
level of quality
ex. walmart
Datamining - CORRECT ANSWER✅✅___refers to the application of mathematical
tools to large bodies of data in orders extract correlations and rules
Decentralized - CORRECT ANSWER✅✅Logistics-related decisions are made
separately at the divisional or product group level
Decentralized logistics org - CORRECT ANSWER✅✅logistics-related decisions are
made separately at the divisional or product group level and often in different
geographic regions
, Decision Support Systems (DS) - CORRECT ANSWER✅✅helsp people make
decisions by providing information, models, or analysis tools Ex. data mining
Differentiation Strategy - CORRECT ANSWER✅✅Entails an organization developing a
product and/or service that offers unique attributes that are valued by customers and
that the customer perceive to be distinct from competitor offerings. Ex. Apple
Enterprise System - CORRECT ANSWER✅✅creates and maintains consistent data
processing methods and an integrated database across multiple business functions
Enterprise systems - CORRECT ANSWER✅✅create and maintain consistent data
processing methods and an integrated database *across multiple business functions*
False - CORRECT ANSWER✅✅A centralized logistics organization generally results in
better customer responsivenss than a decentralized logistics organization
False - CORRECT ANSWER✅✅The effective and efficient use of information allows
organizations to either reduce costs or improve customer satisfaction
Fast Supply chain - CORRECT ANSWER✅✅
Finance - CORRECT ANSWER✅✅Rates of return may affect the decision to manage
one's own warehouse or use a third-party provider
Flexibility - CORRECT ANSWER✅✅is an organization's ability to address unexpected
operational situations
Focus Strategy - CORRECT ANSWER✅✅concentrates an organization's effort on a
narrowly defined market to achieve either a cost leadership or differentiation advantage
Fourth party logistics - CORRECT ANSWER✅✅
Fragmented and Unified - CORRECT ANSWER✅✅__ and __ are the two
organizational structures associated with...
Fragmented structure - CORRECT ANSWER✅✅logistics activities are managed in
multiple departments throughout an organization
GPS - CORRECT ANSWER✅✅what refers to a network of satellites that transmits
signals that pinpoint the exact location of an object?
GSCF model - CORRECT ANSWER✅✅Lead logistics provider
Hierachical - CORRECT ANSWER✅✅top-down flow
QUESTIONS WITH CORRECT ANSWERS.
1. Cost leadership
2. Differentiation
3.Focus Strategy - CORRECT ANSWER✅✅Three types of general strategies
1. POsession utility
2. Form Utility
3.Place Utility
4. Timeutility - CORRECT ANSWER✅✅Four types of economic utility
1.Network Complexity
2.Process Complexity
3.Range Complexity - CORRECT ANSWER✅✅Types of complexity
Agile Supply Chain - CORRECT ANSWER✅✅
Bullwhip effect - CORRECT ANSWER✅✅
Centralized organization - CORRECT ANSWER✅✅company maintains a single
logistics department that adminiters the related activities for the entire company from
the home office
Contract logistics - CORRECT ANSWER✅✅
Cost Leadership - CORRECT ANSWER✅✅Requires an organization to pursue
activities that will enable it to become the low-cost producer in an industry for a given
level of quality
ex. walmart
Datamining - CORRECT ANSWER✅✅___refers to the application of mathematical
tools to large bodies of data in orders extract correlations and rules
Decentralized - CORRECT ANSWER✅✅Logistics-related decisions are made
separately at the divisional or product group level
Decentralized logistics org - CORRECT ANSWER✅✅logistics-related decisions are
made separately at the divisional or product group level and often in different
geographic regions
, Decision Support Systems (DS) - CORRECT ANSWER✅✅helsp people make
decisions by providing information, models, or analysis tools Ex. data mining
Differentiation Strategy - CORRECT ANSWER✅✅Entails an organization developing a
product and/or service that offers unique attributes that are valued by customers and
that the customer perceive to be distinct from competitor offerings. Ex. Apple
Enterprise System - CORRECT ANSWER✅✅creates and maintains consistent data
processing methods and an integrated database across multiple business functions
Enterprise systems - CORRECT ANSWER✅✅create and maintain consistent data
processing methods and an integrated database *across multiple business functions*
False - CORRECT ANSWER✅✅A centralized logistics organization generally results in
better customer responsivenss than a decentralized logistics organization
False - CORRECT ANSWER✅✅The effective and efficient use of information allows
organizations to either reduce costs or improve customer satisfaction
Fast Supply chain - CORRECT ANSWER✅✅
Finance - CORRECT ANSWER✅✅Rates of return may affect the decision to manage
one's own warehouse or use a third-party provider
Flexibility - CORRECT ANSWER✅✅is an organization's ability to address unexpected
operational situations
Focus Strategy - CORRECT ANSWER✅✅concentrates an organization's effort on a
narrowly defined market to achieve either a cost leadership or differentiation advantage
Fourth party logistics - CORRECT ANSWER✅✅
Fragmented and Unified - CORRECT ANSWER✅✅__ and __ are the two
organizational structures associated with...
Fragmented structure - CORRECT ANSWER✅✅logistics activities are managed in
multiple departments throughout an organization
GPS - CORRECT ANSWER✅✅what refers to a network of satellites that transmits
signals that pinpoint the exact location of an object?
GSCF model - CORRECT ANSWER✅✅Lead logistics provider
Hierachical - CORRECT ANSWER✅✅top-down flow
