Supply Chain Management test 2 review – Flashcards

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Collaboration is usually defined as "business practice that encourages individual organizations to share information and resources for the benefit of all." True or False
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True
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Approximately two-thirds of 3PL customers think their providers supply
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Tactical or operational services
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Total procurement price includes
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product price, transaction costs, and transportation costs
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Procurement and materials management are related activities in supply chain management. True or False
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True
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Asset utilization is a very important aspect of
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private distribution facilities
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A downside of direct delivery is
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can created higher transportation charges
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Given the current situation, especially with new software, transportation buying is comparatively easy. True or false
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False
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Inexpensive transportation is the first choice option of supply chain managers.
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False
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Now that people are computer literate, people are no longer a major barrier to the effective use of information technology.
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False
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Software applications are now available over the internet
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True
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Which of the following is NOT one of the drivers of supply chain excellence? Price/Performance of applications Execution speed collaboration
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Price/performance of applications
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Distinctives is another name for specialized commodities.
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False
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What is an amalgam of catalogs from vendors available via the Internet within a market called?
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Electronic Marketplace
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Railroads have speed disadvantage
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True
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Horizontal collaboration refers to a relationship that is___to___ and or ___ to ___.
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Buyer to buyer and or seller to seller
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A common fulfillment strategy of many firms is to use the normal distribution network for most items including their low velocity items.
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False
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The term supply chain information system (SCIS) is well defined and commonly understood.
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False
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Vendors may offer varying levels of discounts.
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True
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Trade imbalances affect
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water carriers
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Contract warehousing is different than 3PL warehousing.
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False
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Order accuracy and order completeness are the same.
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False
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Outsourcing and Contract Logistics are terms are sometimes used to describe third-party logistics.
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True
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Refers to the links between supply chain members such as retailers, distributors, manufacturers and suppliers.
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Vertical Relationship
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Firms that have parallel or cooperating positions in the supply chain such as a transportation firm and a warehousing firm serving the same customer.
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Horizontal Relationship
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Are external suppliers that perform all or part of a company's logistics functions.
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3PLs
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What are the types of 3PLs providers
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Transportation-Based Warehouse/Distribution-Based Forwarder-Based Shipper/management-based Financial-based information-based
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What are the drivers of Supply Chain Excellence?
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Connectivity Visibility Collaboration Optimization Execution Speed
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Outsourcing and Contract Logistics are terms are sometimes used to describe third-party logistics.
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True
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A third-party logistics firm may be defined as
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An external supplier that performs all or part of a company's logistics functions.
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Information must be
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Accessible, relevant, accurate, timely and transferable
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What are the 4 supply chain software categories?
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Supply Chain Planning Supply Chain Execution Event Planning Business Intelligence
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What are the primary modes of transportation?
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Truck Rail Air Water Pipeline Intermodal
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the placement of product in a facility for the purpose of optimizing materials handling and space efficiency.
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Slotting
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Potential labor problems for distribution centers are because of
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The graying of America
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The first step in managing sourcing and procurement is to determine the type pf purchase.
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True
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Railroad's length of haul is longer than that of motor carriers.
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True
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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.
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True
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Vertical collaboration refers to
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collaboration among buyers and sellers in the supply chain
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Companies are working more closely with
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customers, suppliers, and third-party logistics firms
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Inventory handling, storage, and processing facilities help supply chains create time and place utility.
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True
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Many companies do not want to outsource logistics because they have a core competency in logistics.
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True
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Which is not a form of purchasing? 1. sourcing 2. purchasing 3. procurement 4. process improvement
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Process improvement
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ERP systems are multimodule application software platforms that help organizations manage the important parts of their businesses.
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True
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The primary tradeoffs and relationships include the following
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Space vs. equipment Equipment vs. people People vs. Space
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Organizations may benefit substantially from the establishment of one or several warehouses to reduce transportation costs.
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True
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compelling reasons to partner
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Drivers
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What are the primary drivers?
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Asset/cost efficiency Customer service Marketing advantage Profit stability/growth
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Supportive corporate environmental factors that enhance partnership growth and development
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Facilitators
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The dynamic combination of both vertical and horizontal collaboration
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Full collaboration
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Information must me accessible, relevant, accurate, timely, and transferable.
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true
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The term supply chain information system (SCIS) is widely used, although few formal definitions exist.
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True
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Transportation efficiency promotes ____ in the supply chain.
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capability
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The responsibly for transportation management is poorly defined and not assigned to any one management discipline.
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False
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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.
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True
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Strategic sourcing as a process is far more broad and comprehensive than procurement. Overall, the process starts with the formation of a
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committee
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Speed is of the essence; running efficient distribution facilities and networks are not nearly as critical.
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False
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Hourly labor is a problem for distribution centers.
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False
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Data synchronization focuses
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timely and accurate updates
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e-Sourcing and e-Procurement are the same.
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true
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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,
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executives from other areas in the firms are also aware of such needs but to a lesser degree.
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Software tools related to the movement of goods across the supply chain are lumped together in a general category
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Transportation management systems (TMS)
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TMS is defined as information technologies used to plan, optimize, and execute transportation operations.
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True
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The first facility consideration is to determine
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the size of each operation within the network
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The strategy behind routing guides is to maintain very tight control of transportation.
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True
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The distances in today's supply chains produce
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higher costs, longer transit times, and more disruptions.
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Inventory handling, storage, and processing facilities help supply chains create time and place utility.
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True
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A Third Party Logistics firm is defined as a company that owns trucks and warehouses so as to offer integrated services.
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False
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Event management software is now the "norm" for stage shows, rock concerts, and similar events where there are many elements to coordinate.
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False
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