Question 1.1.(TCO 2) Which of the following is not or are not key attributes of supply chain management?

Question 1.1.(TCO 2) Which of the following is not or are not key attributes of supply chain management?(Points : 3)

Inventory control
Leveraging technology
Customer power
A long-term orientation
All are key attributes.

 

Question 2.2.(TCO 2) The movement and storage of materials into a firm refers to(Points : 3)

physical distribution.
materials management.
materials handling.
inbound logistics.
outbound logistics.

 

Question 3.3.(TCO 2) An organization’s ability to respond to changes in demand, with respect to volume and variety, refers to _____.(Points : 3)

responsiveness
leanness
agility
relevancy

 

Question 4.4.(TCO 2) Cooperative supply chain relationships developed to enhance the overall business performance of both parties is a definition of (Points : 3)

third-party logistics.
supply chain collaboration.
dovetailing.
relationship marketing.

 

Question 5.5.(TCO 1) Stocks of goods and materials maintained for satisfaction of demand are known as (Points : 3)

supply chain.
inventory.
safety stock.
inventory management.
None of the above

 

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Question 6.6.(TCO 1) The reorder point (ROP) is defined as the (Points : 3)

point used for calculating safety stock.
highest inventory level allowed.
lowest inventory level allowed.
fixed level of inventory at which a replenishment order is placed.
None of the above

 

Question 7.7.(TCO 1) _____ stock refers to inventory en route between various nodes in a logistics system. (Points : 3)

Base
Safety
Pipeline
Speculative

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Question 1.1.(TCO 3) Rate structures deal with three factors. Which of the following is not one of them? (Points : 3)

Shipment weight
Shipment distance
Product
Shipment direction

 

Question 2.2.(TCO 3) Based on cost, speed, and capacity, which of the following modes is most suitable for high-value, low-volume products (may be perishable or otherwise require urgent delivery)? (Points : 3)

Pipelines
Air freight
Motor carriers
Railroads

 

Question 3.3.(TCO 3) Of the modes with vehicles, _____ offer the greatest capacity (volume that can be carried at one time). (Points : 3)

railroads
water carriers
motor carriers
airlines

4.(TCO 4) Discuss the advantages and disadvantages of grid systems, such as the center-of-gravity and the weighted center-of-gravity approaches. (Points : 5)