WGU D470 Competency 1 • Questions With Right
Solutions
What is the definition of logistics? Accurate Answer:- Logistics =
Materials Management + Distribution
What does 'materials management' represent in logistics? Accurate
Answer:- Materials management represents the activities concerning
materials going into and through the production process.
What does 'distribution' represent in logistics? Accurate Answer:-
Distribution represents the process of making a product available to the
consumer or business that needs it.
Reverse Logistics Accurate Answer:- The area of logistics that involves
bringing goods back to the manufacturer because of defects or for recycling
materials.
What are cost trade-offs in logistics? Accurate Answer:- Cost trade-offs
are identified by measuring and interpreting interrelationships to determine
how the entire logistics system will be impacted.
What is an example of a cost trade-off in logistics? Accurate Answer:- A
trade-off may entail additional cost in one function but will provide a greater
cost saving in another, resulting in a net gain to the overall system.
What is the first level of trade-off in logistics? Accurate Answer:- Within
logistics components - occur within single functions (e.g. warehousing).
What is the second level of trade-off in logistics? Accurate Answer:-
Between logistics components - between the different elements in logistics.
What is the third level of trade-off in logistics? Accurate Answer:-
Between company functions - between a number of functional organizational
areas that interface.
, What is the fourth level of trade-off in logistics? Accurate Answer:-
Between the company and external organizations - between two companies
directly associated.
Logistics Planning Horizons Accurate Answer:- The horizon is the time
period over which the demand plan is created. The horizon is important
because it determines the decisions that can be supported by the demand
plan. For example, if the horizon is six months, then the demand plan can be
used to make decisions about production, inventory, and marketing.
Direct Product Profitability (DPP) Accurate Answer:- Direct product
profitability (DPP) - DPP is a technique of allocating all the appropriate costs
and allowances to a given product. All distribution costs (storage, transport,
etc.) are assigned to a specific product rather than taking an average over a
whole product range, providing the real costs of supplying specific products to
individual customers.
What is Materials Requirements Planning (MRP)? Accurate Answer:-
MRP is a computerized planning tool that makes the necessary materials or
inventory available when needed.
What is Distribution Requirements Planning (DRP)? Accurate Answer:-
DRP is a computerized planning tool that ensures inventory is available for
distribution when needed.
What does MRPII stand for? Accurate Answer:- MRPII stands for
Materials Requirements Planning II.
How does MRPII improve productivity? Accurate Answer:- MRPII
improves productivity through detailed planning and control of production
resources.
What is the relationship between MRPII and distribution requirements
planning? Accurate Answer:- Distribution requirements planning
applies MRPII techniques to manage inventory and material flow.
Just In Time (JIT) Accurate Answer:- JIT is a production system the
costly and wasteful elements within a production process.
Solutions
What is the definition of logistics? Accurate Answer:- Logistics =
Materials Management + Distribution
What does 'materials management' represent in logistics? Accurate
Answer:- Materials management represents the activities concerning
materials going into and through the production process.
What does 'distribution' represent in logistics? Accurate Answer:-
Distribution represents the process of making a product available to the
consumer or business that needs it.
Reverse Logistics Accurate Answer:- The area of logistics that involves
bringing goods back to the manufacturer because of defects or for recycling
materials.
What are cost trade-offs in logistics? Accurate Answer:- Cost trade-offs
are identified by measuring and interpreting interrelationships to determine
how the entire logistics system will be impacted.
What is an example of a cost trade-off in logistics? Accurate Answer:- A
trade-off may entail additional cost in one function but will provide a greater
cost saving in another, resulting in a net gain to the overall system.
What is the first level of trade-off in logistics? Accurate Answer:- Within
logistics components - occur within single functions (e.g. warehousing).
What is the second level of trade-off in logistics? Accurate Answer:-
Between logistics components - between the different elements in logistics.
What is the third level of trade-off in logistics? Accurate Answer:-
Between company functions - between a number of functional organizational
areas that interface.
, What is the fourth level of trade-off in logistics? Accurate Answer:-
Between the company and external organizations - between two companies
directly associated.
Logistics Planning Horizons Accurate Answer:- The horizon is the time
period over which the demand plan is created. The horizon is important
because it determines the decisions that can be supported by the demand
plan. For example, if the horizon is six months, then the demand plan can be
used to make decisions about production, inventory, and marketing.
Direct Product Profitability (DPP) Accurate Answer:- Direct product
profitability (DPP) - DPP is a technique of allocating all the appropriate costs
and allowances to a given product. All distribution costs (storage, transport,
etc.) are assigned to a specific product rather than taking an average over a
whole product range, providing the real costs of supplying specific products to
individual customers.
What is Materials Requirements Planning (MRP)? Accurate Answer:-
MRP is a computerized planning tool that makes the necessary materials or
inventory available when needed.
What is Distribution Requirements Planning (DRP)? Accurate Answer:-
DRP is a computerized planning tool that ensures inventory is available for
distribution when needed.
What does MRPII stand for? Accurate Answer:- MRPII stands for
Materials Requirements Planning II.
How does MRPII improve productivity? Accurate Answer:- MRPII
improves productivity through detailed planning and control of production
resources.
What is the relationship between MRPII and distribution requirements
planning? Accurate Answer:- Distribution requirements planning
applies MRPII techniques to manage inventory and material flow.
Just In Time (JIT) Accurate Answer:- JIT is a production system the
costly and wasteful elements within a production process.
