SCM 413 HW Questions and Answers|Latest
Update
The goal of cycle synchronization is achievement of planned time performance
- True
- False True
The work of logistics involves ______.
- order processing, inventory, and manufacturing
- transportation, inventory, order processing, warehousing, and facility network design
- soliciting quotations, contracting, acquisitions, and materials receipt
- production planning, shop scheduling, and production - transportation, inventory, order
processing, warehousing, and facility network design
In 2016 US business logistics costs represented what portion of Gross Domestic Product (GDP)?
- 5%
- 2.5%
- 15%
,- 7.5% 7.5%
The primary reason that total logistics cost has reduced as a percentage of GDP is:
- Nominal GDP has increased
- Inventory has decreased as a percent of total cost
- Transportation has decreased as a percent of total cost
- Inventory has increased as a percent of total cost - Inventory has decreased as a percent
of total cost
The 80/20 rule, often called the Pareto principle means: ______.
- 80% of the time you should focus on 20% of costs
- 20% of the time you should focus on 80% of costs
- 20% of the SKU base will drive 80% of the demand
- the Pareto principle doesn't exist - 20% of the SKU base will drive 80% of the demand
The logistics value proposition is focused on which two main elements?
- Cost and Error rate
- Service and speed
, - service and cost
- cost and value added services - service and cost
A large, multinational company may have how many different logistics performance cycles?
- Potentially thousands
- more than 10
- every firm ultimately only has 1 logistics performance cycle
- less than 10 - Potentially thousands
The "Pareto Principle" is:
- A concept developed in manufacturing to integrate logistics and procurement
- Unique to logistical performance measurement
- Used in logistics to develop fine line inventory classification
- Seldom the result of logistics system design - Used in logistics to develop fine line
inventory classification
Logistical operations have two main flows: ______.
- inventory and information
Update
The goal of cycle synchronization is achievement of planned time performance
- True
- False True
The work of logistics involves ______.
- order processing, inventory, and manufacturing
- transportation, inventory, order processing, warehousing, and facility network design
- soliciting quotations, contracting, acquisitions, and materials receipt
- production planning, shop scheduling, and production - transportation, inventory, order
processing, warehousing, and facility network design
In 2016 US business logistics costs represented what portion of Gross Domestic Product (GDP)?
- 5%
- 2.5%
- 15%
,- 7.5% 7.5%
The primary reason that total logistics cost has reduced as a percentage of GDP is:
- Nominal GDP has increased
- Inventory has decreased as a percent of total cost
- Transportation has decreased as a percent of total cost
- Inventory has increased as a percent of total cost - Inventory has decreased as a percent
of total cost
The 80/20 rule, often called the Pareto principle means: ______.
- 80% of the time you should focus on 20% of costs
- 20% of the time you should focus on 80% of costs
- 20% of the SKU base will drive 80% of the demand
- the Pareto principle doesn't exist - 20% of the SKU base will drive 80% of the demand
The logistics value proposition is focused on which two main elements?
- Cost and Error rate
- Service and speed
, - service and cost
- cost and value added services - service and cost
A large, multinational company may have how many different logistics performance cycles?
- Potentially thousands
- more than 10
- every firm ultimately only has 1 logistics performance cycle
- less than 10 - Potentially thousands
The "Pareto Principle" is:
- A concept developed in manufacturing to integrate logistics and procurement
- Unique to logistical performance measurement
- Used in logistics to develop fine line inventory classification
- Seldom the result of logistics system design - Used in logistics to develop fine line
inventory classification
Logistical operations have two main flows: ______.
- inventory and information
