question

Collaboration is usually defined as "business practice that encourages individual organizations to share information and resources for the benefit of all." True or False

answer

True

question

Approximately two-thirds of 3PL customers think their providers supply

answer

Tactical or operational services

question

Total procurement price includes

answer

product price, transaction costs, and transportation costs

question

Procurement and materials management are related activities in supply chain management. True or False

answer

True

question

Asset utilization is a very important aspect of

answer

private distribution facilities

question

A downside of direct delivery is

answer

can created higher transportation charges

question

Given the current situation, especially with new software, transportation buying is comparatively easy. True or false

answer

False

question

Inexpensive transportation is the first choice option of supply chain managers.

answer

False

question

Now that people are computer literate, people are no longer a major barrier to the effective use of information technology.

answer

False

question

Software applications are now available over the internet

answer

True

question

Which of the following is NOT one of the drivers of supply chain excellence? Price/Performance of applications Execution speed collaboration

answer

Price/performance of applications

question

Distinctives is another name for specialized commodities.

answer

False

question

What is an amalgam of catalogs from vendors available via the Internet within a market called?

answer

Electronic Marketplace

question

Railroads have speed disadvantage

answer

True

question

Horizontal collaboration refers to a relationship that is___to___ and or ___ to ___.

answer

Buyer to buyer and or seller to seller

question

A common fulfillment strategy of many firms is to use the normal distribution network for most items including their low velocity items.

answer

False

question

The term supply chain information system (SCIS) is well defined and commonly understood.

answer

False

question

Vendors may offer varying levels of discounts.

answer

True

question

Trade imbalances affect

answer

water carriers

question

Contract warehousing is different than 3PL warehousing.

answer

False

question

Order accuracy and order completeness are the same.

answer

False

question

Outsourcing and Contract Logistics are terms are sometimes used to describe third-party logistics.

answer

True

question

Refers to the links between supply chain members such as retailers, distributors, manufacturers and suppliers.

answer

Vertical Relationship

question

Firms that have parallel or cooperating positions in the supply chain such as a transportation firm and a warehousing firm serving the same customer.

answer

Horizontal Relationship

question

Are external suppliers that perform all or part of a company's logistics functions.

answer

3PLs

question

What are the types of 3PLs providers

answer

Transportation-Based Warehouse/Distribution-Based Forwarder-Based Shipper/management-based Financial-based information-based

question

What are the drivers of Supply Chain Excellence?

answer

Connectivity Visibility Collaboration Optimization Execution Speed

question

Outsourcing and Contract Logistics are terms are sometimes used to describe third-party logistics.

answer

True

question

A third-party logistics firm may be defined as

answer

An external supplier that performs all or part of a company's logistics functions.

question

Information must be

answer

Accessible, relevant, accurate, timely and transferable

question

What are the 4 supply chain software categories?

answer

Supply Chain Planning Supply Chain Execution Event Planning Business Intelligence

question

What are the primary modes of transportation?

answer

Truck Rail Air Water Pipeline Intermodal

question

the placement of product in a facility for the purpose of optimizing materials handling and space efficiency.

answer

Slotting

question

Potential labor problems for distribution centers are because of

answer

The graying of America

question

The first step in managing sourcing and procurement is to determine the type pf purchase.

answer

True

question

Railroad's length of haul is longer than that of motor carriers.

answer

True

question

The first stage in the process model for forming logistics relationships involves the process by which a manufacturer becomes fully aware of its logistics and supply chain.

answer

True

question

Vertical collaboration refers to

answer

collaboration among buyers and sellers in the supply chain

question

Companies are working more closely with

answer

customers, suppliers, and third-party logistics firms

question

Inventory handling, storage, and processing facilities help supply chains create time and place utility.

answer

True

question

Many companies do not want to outsource logistics because they have a core competency in logistics.

answer

True

question

Which is not a form of purchasing? 1. sourcing 2. purchasing 3. procurement 4. process improvement

answer

Process improvement

question

ERP systems are multimodule application software platforms that help organizations manage the important parts of their businesses.

answer

True

question

The primary tradeoffs and relationships include the following

answer

Space vs. equipment Equipment vs. people People vs. Space

question

Organizations may benefit substantially from the establishment of one or several warehouses to reduce transportation costs.

answer

True

question

compelling reasons to partner

answer

Drivers

question

What are the primary drivers?

answer

Asset/cost efficiency Customer service Marketing advantage Profit stability/growth

question

Supportive corporate environmental factors that enhance partnership growth and development

answer

Facilitators

question

The dynamic combination of both vertical and horizontal collaboration

answer

Full collaboration

question

Information must me accessible, relevant, accurate, timely, and transferable.

answer

true

question

The term supply chain information system (SCIS) is widely used, although few formal definitions exist.

answer

True

question

Transportation efficiency promotes ____ in the supply chain.

answer

capability

question

The responsibly for transportation management is poorly defined and not assigned to any one management discipline.

answer

False

question

When a firm makes a "make" decision, when analyzing whether to "make or buy", the firm may still have to purchase some types of inputs from outside suppliers.

answer

True

question

Strategic sourcing as a process is far more broad and comprehensive than procurement. Overall, the process starts with the formation of a

answer

committee

question

Speed is of the essence; running efficient distribution facilities and networks are not nearly as critical.

answer

False

question

Hourly labor is a problem for distribution centers.

answer

False

question

Data synchronization focuses

answer

timely and accurate updates

question

e-Sourcing and e-Procurement are the same.

answer

true

question

While available evidence supports the fact that the president or CEO and the finance executive are often involved with the identification of the need for logistic services,

answer

executives from other areas in the firms are also aware of such needs but to a lesser degree.

question

Software tools related to the movement of goods across the supply chain are lumped together in a general category

answer

Transportation management systems (TMS)

question

TMS is defined as information technologies used to plan, optimize, and execute transportation operations.

answer

True

question

The first facility consideration is to determine

answer

the size of each operation within the network

question

The strategy behind routing guides is to maintain very tight control of transportation.

answer

True

question

The distances in today's supply chains produce

answer

higher costs, longer transit times, and more disruptions.

question

Inventory handling, storage, and processing facilities help supply chains create time and place utility.

answer

True

question

A Third Party Logistics firm is defined as a company that owns trucks and warehouses so as to offer integrated services.

answer

False

question

Event management software is now the "norm" for stage shows, rock concerts, and similar events where there are many elements to coordinate.

answer

False

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