Questions and 100% Verified Correct Answers
Guaranteed A+
__________________________ is considered one of the more important measures for
continuous improvement; It is measured as the percentage of time that the delivery
equaled the expected lead time - CORRECT ANSWER: Lead Time Reduction
____________________________________ have economies of scale and lower costs,
can consolidate loads for more frequent deliveries, and can agilely distribute warehouse
capacity such as by balancing out seasonality among clients; - CORRECT ANSWER:
Multi-User Services
*Types of specialized logistics operating arrangements* - CORRECT ANSWER:
A complete supply chain dedicated to the reverse flow of products and materials for the
purpose of returns, repair, remanufacture, and/or recycling - CORRECT ANSWER:
Reverse Logistics
A container or trailer on a flatcar - CORRECT ANSWER: Piggyback
A distributor instructs pickers to document remaining inventory on order lists as they
remove items. The results are aggregated to determine current inventory. What type of
cycle counting does this illustrate? - CORRECT ANSWER: Demand Order
A level of supply chain nodes - CORRECT ANSWER: Echelon
A logistics network needs to be agile and low cost while providing a threshold level of
customer service at all times. What can an optimization model guarantee provided the
,inputs are all valid? - CORRECT ANSWER: There is no better mix of agility and cost at
the service level
A long, narrow area of land that is used for a road, railway, pipeline, etc. and includes
the roadway, railway, or pipeline as well as the margin of land on either side of it -
CORRECT ANSWER: Right of Way
A manufacturer maps inventory time in the pipeline and finds that non-value-added time
is almost as high as value-added time. What should the business do first? - CORRECT
ANSWER: Conduct a thorough process analysis
A process that enables a business to offer post-purchase service and information to the
customer - CORRECT ANSWER: Customer Service Management
A research and development tool that helps organizations understand why a customer
has chosen to do business with a particular firm or why the buyer-seller relationship
ended - CORRECT ANSWER: Voice of the Customer
A retail value driver is to maximize sales per square meter of floor space. What would
be one logistics key performance indicator that could support this objective? -
CORRECT ANSWER: Order fulfillment cycle time
A shipper needs to balance packaging with weight. What is one drawback to lighter
packaging? - CORRECT ANSWER: Insurance may not cover the cargo
A solution to a problem that is best from a narrow point of view, but not from a higher or
overall company point of view - CORRECT ANSWER: Suboptimization
A standard EU freight containers for road-rail intermodal transport; It is self-supporting
and conforms to different international standard lengths - CORRECT ANSWER:
Swapbody
, A supply chain with long lead times and unpredictable demand needs to have a
combination of... - CORRECT ANSWER: Lean + Agile, = Leagile
A type of simulation run by setting minimum and maximum parameters for each input
variable in a model and then having the computer run the simulation thousands of times
with random settings for each variable each time - CORRECT ANSWER: Monte Carlo
simulation
According to the definition of total cost of ownership, which cost is the largest portion of
total cost? - CORRECT ANSWER: Post-Transaction Costs
According to the service attribute matrix, if logistics performs at a low level on an
unimportant service level attribute according to the customer, it is called... - CORRECT
ANSWER: Relative Importance
According to the text authors, the return collection center that processes
______________ inventory turns a year is a good benchmark - CORRECT ANSWER:
20-30
According to the text, _____________ of the 5 modes of transportation are actually an
option based on the product and shipment traits - CORRECT ANSWER: one or two
Air cargo generates ______ % of international airline revenue - CORRECT ANSWER:
Air cargo generates 9% of international airline revenue
Aircraft pallet and pallet net combinations or aircraft containers - CORRECT ANSWER:
Unit Load Devices (ULD)
An indented berth is a berth where ships... - CORRECT ANSWER: are loaded from both
sides, increasing profitability