UTK SCM 413 Exam 1 Questions and Answers Graded A+
The goal of integrated logistics is to: - Answers synchronize and link the supply chain.
Over the past several decades, responsiveness has increased, primarily because of: - Answers
information technology adoption.
A supply chain is best described as a(n)________blank of ________blank companies. - Answers
group, collaborative
Which of the following best describes an integrative supply chain process: - Answers the linking
of critical parts of a supply chain.
Firms working together to integrate components of a supply chain is known as ________ -
Answers collaboration
A firm which provides critical operations functionality to members of a supply chain is a(n): -
Answers integrated service supplier (ISP).
In order to achieve the lowest total process cost, a supply chain must ________blank. - Answers
minimize the total cost for all involved functions combined
The Anticipatory Business Model is best described by which statement: - Answers driven by
forecast.
An increase in dwell time indicates that: - Answers asset idle time compared to total time in the
system has increased.
The goal of integrated logistics is to: - Answers minimize operational expenditures while
meeting customer service goals.
The basic unit of supply chain design and operational control is - Answers the logistics
performance cycle.
A cross-dock facility: - Answers converts incoming shipments from suppliers to outgoing
shipments for delivery.
The 'Pareto principle' is: - Answers useful for product profitability analysis.
A high-quality logistics system offers high levels of inventory availability and predictable
operational performance. This is what known as: - Answers service reliability.
The primary reason that total logistics cost has reduced as a percentage of gross domestic
product (GDP) as what? - Answers Inventory has decreased as a percent of total cost
The work of logistics involves which of the following? - Answers Transportation, inventory, order
processing, warehousing, and facility network design
, Which of the following is a 3M business line? - Answers Health Care
Safety stock is used to account for which of the following? - Answers Demand Uncertainty
What is the purpose of the EOQ formulation? - Answers Determine lot sizes
Safety stock amounts are determined using both manual and what other approach? - Answers
Statistical analysis
Which of the following is not one of the 'service outputs' of a supply chain? - Answers Price
In general, studies find that stockouts: - Answers average about 8% for retail stores.
When performing consolidation, a warehouse is used to group ________blank inbound shipments
into ________blank outbound shipments. - Answers many small, few large
A company with limited experience in warehousing and a need to establish temporary
warehouse facilities in multiple geographical locations would most likely use: - Answers public
warehouses.
In a cross-docking warehouse, inventory received from suppliers: - Answers is not held in stock
but instead moves directly from receiving to shipping.
In a warehouse, 'slotting' refers to what? - Answers Assigning products to a specific warehouse
location
When all the products for a specific customer order are picked simultaneously throughout the
warehouse, the method being employed is called: - Answers wave selection.
The use of a Warehouse Management System(WMS) to assign fork trucks to a continuous
series of tasks is known as: - Answers task interleaving.
Cross docked products are generally held in storage for several days or more before being
shipped out of a warehouse. - Answers False
The work of logistics involves ______. - Answers transportation, inventory, order processing,
warehousing, and facility network design
The basic unit of supply chain design and operational control is: - Answers the logistics
performance cycle.
Logistics costs drive a firm's focus on speed and consistency. - Answers False
In providing service outputs to consumers, a disadvantage of Internet retailers compared to
physical ('bricks-and-mortar') retailers arises in: - Answers waiting time.
In general, offering consumers higher levels of service output in terms of greater spatial
convenience or product variety: - Answers results in higher logistics and distribution cost.
The goal of integrated logistics is to: - Answers synchronize and link the supply chain.
Over the past several decades, responsiveness has increased, primarily because of: - Answers
information technology adoption.
A supply chain is best described as a(n)________blank of ________blank companies. - Answers
group, collaborative
Which of the following best describes an integrative supply chain process: - Answers the linking
of critical parts of a supply chain.
Firms working together to integrate components of a supply chain is known as ________ -
Answers collaboration
A firm which provides critical operations functionality to members of a supply chain is a(n): -
Answers integrated service supplier (ISP).
In order to achieve the lowest total process cost, a supply chain must ________blank. - Answers
minimize the total cost for all involved functions combined
The Anticipatory Business Model is best described by which statement: - Answers driven by
forecast.
An increase in dwell time indicates that: - Answers asset idle time compared to total time in the
system has increased.
The goal of integrated logistics is to: - Answers minimize operational expenditures while
meeting customer service goals.
The basic unit of supply chain design and operational control is - Answers the logistics
performance cycle.
A cross-dock facility: - Answers converts incoming shipments from suppliers to outgoing
shipments for delivery.
The 'Pareto principle' is: - Answers useful for product profitability analysis.
A high-quality logistics system offers high levels of inventory availability and predictable
operational performance. This is what known as: - Answers service reliability.
The primary reason that total logistics cost has reduced as a percentage of gross domestic
product (GDP) as what? - Answers Inventory has decreased as a percent of total cost
The work of logistics involves which of the following? - Answers Transportation, inventory, order
processing, warehousing, and facility network design
, Which of the following is a 3M business line? - Answers Health Care
Safety stock is used to account for which of the following? - Answers Demand Uncertainty
What is the purpose of the EOQ formulation? - Answers Determine lot sizes
Safety stock amounts are determined using both manual and what other approach? - Answers
Statistical analysis
Which of the following is not one of the 'service outputs' of a supply chain? - Answers Price
In general, studies find that stockouts: - Answers average about 8% for retail stores.
When performing consolidation, a warehouse is used to group ________blank inbound shipments
into ________blank outbound shipments. - Answers many small, few large
A company with limited experience in warehousing and a need to establish temporary
warehouse facilities in multiple geographical locations would most likely use: - Answers public
warehouses.
In a cross-docking warehouse, inventory received from suppliers: - Answers is not held in stock
but instead moves directly from receiving to shipping.
In a warehouse, 'slotting' refers to what? - Answers Assigning products to a specific warehouse
location
When all the products for a specific customer order are picked simultaneously throughout the
warehouse, the method being employed is called: - Answers wave selection.
The use of a Warehouse Management System(WMS) to assign fork trucks to a continuous
series of tasks is known as: - Answers task interleaving.
Cross docked products are generally held in storage for several days or more before being
shipped out of a warehouse. - Answers False
The work of logistics involves ______. - Answers transportation, inventory, order processing,
warehousing, and facility network design
The basic unit of supply chain design and operational control is: - Answers the logistics
performance cycle.
Logistics costs drive a firm's focus on speed and consistency. - Answers False
In providing service outputs to consumers, a disadvantage of Internet retailers compared to
physical ('bricks-and-mortar') retailers arises in: - Answers waiting time.
In general, offering consumers higher levels of service output in terms of greater spatial
convenience or product variety: - Answers results in higher logistics and distribution cost.
