TAMU IDIS 343 Exam 1 Questions and Answers Already Passed
Supply Chain Management - Answers Getting the right goods or services to the right place, at the right
time, and in the desired condition at the lowest cost and highest return on investment.
Supply Chain Structure - Answers raw material --> manufacturer --> distributor --> end user
Business Logistics is made up of? - Answers Physical Supply and Physical Distribution
Physical Supply - Answers (materials management)
Transportation
Inventory Maintenance
Order Processing
Acquisition
Protective Packaging
Warehousing
Materials Handeling
Information Maintenance
Physical Distribution - Answers Transportation
Inventory Maintenance
Order Processing
Product Scheduling
Protective Packaging
Warehousing
Materials Handeling
Information Maintenance
Primary Key Activities - Answers 1: Setting customer service goals
2: Transportation
3: Inventory Management
,4: Location
Secondary (supporting) Key Activities - Answers 1: Warehousing
2: Materials handling
3: Acquisition (purchasing)
4: Protective packaging
5: Product scheduling
6: Order processing
Logistics Strategy Triangle - Answers Sides: Inventory left
Location bottom
Transportation strategies right
Center: Customer Service Goals
Inventory Strategy - Answers left
Forecasting
Storage fundamentals
Inventory decisions
Storage Decisions
Transport Strategy - Answers right
Transport fundamentals
Transport Decisions
Location Strategy - Answers bottom
Location Decisions
, The network planning process
Customer Service Goals - Answers The product
logistics service
Information system
Significance of Logistics - Answers 1: Costs are high
2: Customers are more demanding
3: An integral part of company strategy
4: Logistical lines are lengthening
5: Logistics is key to trade and increased standard of living
6: Logistics adds value
Logistics as %GDP Domestic vs International - Answers Domestic: 10.5%
International: 12%
Customers are more demanding of the supply chain because they desire for _______________ and
___________________ - Answers Quick Response
Mass Customization
Logistical lines are lengthening - Answers local vs long distance supply
An integral part of company strategy - Answers generate revenue
improve profit
logistics is a key to trade and an increased standard of living - Answers law of comparative economic
advantage applies
Logistics adds value with - Answers time and place utilities
Utility benefits consumer how? - Answers time
location
possession
form
Two largest cost categories / Two frequent trade-offs - Answers Transportation (62%) and
Inventory(33%)
Supply Chain Management - Answers Getting the right goods or services to the right place, at the right
time, and in the desired condition at the lowest cost and highest return on investment.
Supply Chain Structure - Answers raw material --> manufacturer --> distributor --> end user
Business Logistics is made up of? - Answers Physical Supply and Physical Distribution
Physical Supply - Answers (materials management)
Transportation
Inventory Maintenance
Order Processing
Acquisition
Protective Packaging
Warehousing
Materials Handeling
Information Maintenance
Physical Distribution - Answers Transportation
Inventory Maintenance
Order Processing
Product Scheduling
Protective Packaging
Warehousing
Materials Handeling
Information Maintenance
Primary Key Activities - Answers 1: Setting customer service goals
2: Transportation
3: Inventory Management
,4: Location
Secondary (supporting) Key Activities - Answers 1: Warehousing
2: Materials handling
3: Acquisition (purchasing)
4: Protective packaging
5: Product scheduling
6: Order processing
Logistics Strategy Triangle - Answers Sides: Inventory left
Location bottom
Transportation strategies right
Center: Customer Service Goals
Inventory Strategy - Answers left
Forecasting
Storage fundamentals
Inventory decisions
Storage Decisions
Transport Strategy - Answers right
Transport fundamentals
Transport Decisions
Location Strategy - Answers bottom
Location Decisions
, The network planning process
Customer Service Goals - Answers The product
logistics service
Information system
Significance of Logistics - Answers 1: Costs are high
2: Customers are more demanding
3: An integral part of company strategy
4: Logistical lines are lengthening
5: Logistics is key to trade and increased standard of living
6: Logistics adds value
Logistics as %GDP Domestic vs International - Answers Domestic: 10.5%
International: 12%
Customers are more demanding of the supply chain because they desire for _______________ and
___________________ - Answers Quick Response
Mass Customization
Logistical lines are lengthening - Answers local vs long distance supply
An integral part of company strategy - Answers generate revenue
improve profit
logistics is a key to trade and an increased standard of living - Answers law of comparative economic
advantage applies
Logistics adds value with - Answers time and place utilities
Utility benefits consumer how? - Answers time
location
possession
form
Two largest cost categories / Two frequent trade-offs - Answers Transportation (62%) and
Inventory(33%)
