SCM 413 multiple choice section exam 1
Questions and Answers|Latest Update
A large, multinational company may have how many different logistics performance cycles?
A. Every firm ultimately only has 1 logistics performance cycle.
B. Less than 10
C. Between 10 and 50
D. Potentially thousands D. Potentially thousands
Logistics systems should be designed to achieve customer service goals while maintaining the
lowest possible financial investment in
A. Inventory
B. Human Resources
C. Trucks
D. Cost A. Inventory
Which one of these concepts is not part of logistical integration objectives?
A. Shipment consolidated
B. Quality
,C. Maximizing truck shipments
D. Life cycle support C. Maximizing truck shipments
Logistical operations have two main flows:
A. inventory and information
B. inventory and materials
C. inventory and warehousing
D. materials and customer accommodation A. Inventory and information
Warehousing, materials handling, and packaging are unique in the sense that they
A. are very complicated to manage
B. are an integral part of the other logistics areas
C. are very expensive
D. are frequently overlooked B. Are an integral part of the other logistics areas
In manufacturing, the process of acquisition is typically called
A. purchasing
B. procurement
, C. buying
D. obtaining A. purchasing
Cost-to-cost trade-offs include
A. transportation vs. warehousing
B. warehousing vs. inventory
C. transportation vs. inventory
D. All of the choices are correct D. All of the above
__________ is the process and activities that create value focused on the design and
administration of a system to control the timing and geographical positioning of raw materials,
work-in-process, and finished inventories at the lowest total cost
A. Logistics Management
B. Transportation Management
C. Design Management
D. Management A. Logistics Management
The work of logistics involves ________.
A. production planning, shop scheduling, and production
Questions and Answers|Latest Update
A large, multinational company may have how many different logistics performance cycles?
A. Every firm ultimately only has 1 logistics performance cycle.
B. Less than 10
C. Between 10 and 50
D. Potentially thousands D. Potentially thousands
Logistics systems should be designed to achieve customer service goals while maintaining the
lowest possible financial investment in
A. Inventory
B. Human Resources
C. Trucks
D. Cost A. Inventory
Which one of these concepts is not part of logistical integration objectives?
A. Shipment consolidated
B. Quality
,C. Maximizing truck shipments
D. Life cycle support C. Maximizing truck shipments
Logistical operations have two main flows:
A. inventory and information
B. inventory and materials
C. inventory and warehousing
D. materials and customer accommodation A. Inventory and information
Warehousing, materials handling, and packaging are unique in the sense that they
A. are very complicated to manage
B. are an integral part of the other logistics areas
C. are very expensive
D. are frequently overlooked B. Are an integral part of the other logistics areas
In manufacturing, the process of acquisition is typically called
A. purchasing
B. procurement
, C. buying
D. obtaining A. purchasing
Cost-to-cost trade-offs include
A. transportation vs. warehousing
B. warehousing vs. inventory
C. transportation vs. inventory
D. All of the choices are correct D. All of the above
__________ is the process and activities that create value focused on the design and
administration of a system to control the timing and geographical positioning of raw materials,
work-in-process, and finished inventories at the lowest total cost
A. Logistics Management
B. Transportation Management
C. Design Management
D. Management A. Logistics Management
The work of logistics involves ________.
A. production planning, shop scheduling, and production
