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Logistics exam 1
logistics supply chain management
Question | Answer |
---|---|
The "Pareto principle" is ? | Used in logistics to develop fine line inventory classification. 80/20 rule |
Total cost was not typically the way managers viewed logistics prior to the 1960's. T/F | True |
The goal of cycle synchronization is achievement of planned time performance. T/F | True |
Perfect orders are limited to firms committed to integrated supply chain Management. T/F | False |
A logistics performance cycle is? | the basic unit of supply chain design and operational control |
Which of the following best describes an integrative supply chain process? | the fusion of critical components of a supply chain |
Basic logistics service is a concept that? | the level of service a firm provides all established customers. |
Increased operational responsiveness is directly related to information technology. T/F | True |
Form and time postponement are fundamentally the same concept. T/F | False |
Procurement and manufacturing are an integral part of integrated logistics. T/F | False |
Service reliability involves logistical quality. T/F | True |
A unique feature of integrated logistics is ? | Complexity and scope of operations |
The logistics performance cycle is ? | The basic unit of supply chain design and control |
The principle of postponement is new to the discipline of logistics. T/F | False |
Echeloned distribution structure facilitates direct delivery. T/F | False |
An integrated service supplier (ISP) seeks to ? | provide critical operational functionality in a supply chain |
A third party service supplier is also a Public warehouse. T/F | False |
The primary reason that total logistics cost has reduced as a percentage of GDP is ? | inventory has decreased as a percentage of total cost |
Collaboration is a fundamental part of Supply Chain Management. T/F | True |
Supply Chain Management promotes a network of highly efficient independent Businesses. T/F | True |
Logistics cost has declined as a percent of GDP over the past 25 years. T/F | True |
Cash-to-Cash conversion is an efficiency measurement. T/F | False |
What is the primary reason that time to market has decreased over the past two decades ? | Information Technology |
Cash-to-Cash Conversion is ? | typically related to inventory turn |
Geographic postponement is directly linked to dependable delivery. T/F | True |
A flow through facility is ? | often called a cross-dock facility |
The Anticipatory Business Model is best described by which Statement ? | driven by forecast |
The lowest total process cost is ? | the lowest cost for each involved function |
Facility network design is the function of total cost minimization. T/F | False |
What is dwell time ? | ratio of asset idle time to total time required to complete a mission |
Logistical system design is driven by careful integration of all operational components. T/F | False |
The logistics value proposition is based solely on cost minimization. T/F | False |
Enterprise extension is a diversification strategy. T/F | False |
Transportation cost drives a firm's focus on speed and consistency. T/F | False |
There are eight critical supply chain process. T/F | True |
The internet has increased b2b connectivity. T/F | False |
Service reliability is best described as? | quality dimension of logistics performance. |
The concept of postponement is ? | seeks to reduce the risk of anticipation |
The term "Mother Facility" is often used to describe ? | an inventory replenishment source for small facilities |
performance cycle uncertainty is a key concern in logistical operations. T/F | True |
Efficiency as contrasted to effectiveness is the primary goal of logistics. T/F | False |
A supply Chain is best described by which of the following ? | a group of collaborative companies |
The work of logistics involves ? | transportation, inventory order processing, warehousing and facility design. |
Process specialization involves the same concepts as vertical integration. T/F | False |
Collaboration is the act of ? | integrating a supply chain |
Logistics cost is greater than healthcare in the past 25 years. T/F | True |