Which of the following types of competitive strategies most likely will be effective for an industry in which the product is a standardized commodity?
A. Low-cost leadership
B. Best-cost provider
C. Broad differentiation
D. Focused differentiation
Which of the following situations typically requires extended storage?
A. Products with low demand
B. Product consolidation
C. Modular products
D. Seasonal products
Which of the following criteria are important when establishing a warehouse distribution system?
A. Cost of the overall system and service level desired
B. Material and handling costs and proximity to customers
C. Transportation costs and material handling costs
D. Service level desired and local presence
Which of the following objectives is emphasized most in an integrated logistics strategy?
A. Lowest transportation cost
B. Lowest total cost
C. Optimal warehouse location
D. Improved third-party logistics (3PL) collaboration
Bill of lading (B/L) documentation includes which of the following?
A. Country where goods were produced
B. Contract for shipping and ownership of goods
C. Description and terms of sale of goods
D. Means of payment for import/export of goods
In an advanced planning and scheduling (APS) system, which of the following processes feeds the master schedule?
A. Purchasing planning
B. Demand planning
C. Distribution planning
D. Fulfillment planning
Which of the following outcomes typically is the primary benefit from implementing a reverse logistics system?
A. Reducing returns processing costs
B. Reducing legal costs
C. Extending the product life cycle
D. Complying with the SCOR framework
A company's cash-to-cash cycle time is 36 days. How many weeks of inventory are on hand if the average collection time from customers is 60 days, and the company pays its vendors in 45 days?
A. Two
B. Three
C. Four
D. Five
A company wants to improve its transportation strategy to focus on its core manufacturing competence and reduce costs. Which of the following options is most likely to enable the company to achieve its objectives?
A. Implement a transportation management system (TMS)
B. Transition to leased transportation equipment
C. Engage a third-party logistics (3PL) company
D. Redesign the distribution network
Which of the following activities is most appropriate in the implementation of a lean production strategy?
A. Increasing service through inventory
B. Implementing a push strategy
C. Implementing manufacturing cells
D. Implementing batch type operations
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