Logistics exam 1 Word Scramble

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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

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