According to the SCOR model, the five major categories of metrics that should be used to measure the performance of Process D1: Deliver Stocked Product include assets, costs, flexibility:
A. reliability, and responsiveness
B. capability, and responsiveness
C. reliability, and capability
D. reliability, and availability
A company receives automobile parts from global manufactures into its distribution center before redeploying the parts to local retail outlets.
Which of the following documents can be used to proactively plan for the redeployment of the parts?
A. Bill of lading (B\L)
B. Advance ship notice (ASN)
C. Routing guide
D. Shipment manifest
A logistics manager is developing a supply chain risk management plan incorporating contingency plans for alternatives to transport failures. Which of the following factors best represents this approach?
A. Avoidance
B. Acceptance
C. Mitigation
D. Redundancy
A company finds itself constantly expending its customer's retail store deliveries in order to prevent stock-outs. The best solution to this problem is to:
A. carry additional inventory to satisfy customer's demand.
B. balance the supply of inventory with the demand.
C. minimize the inventory risk of product obsolescence.
D. increase inventory turns to the highest possible value.
Which of the following is normally within the logistics function of a manufacturing organization?
A. Production management
B. Financial management
C. Warehouse management
D. Marketing management
Which of the following groups was formed for the purpose of eliminating the trade barriers among its members?
A. United nations (UN)
B. European Union (EU)
C. Organization of Petroleum Exporting Countries (OPEC)
D. North Atlantic Treaty Organization (NATO)
A company wishes to ship large quantities via ocean freight, utilizing the entire vessel capacity. The most appropriate contract of carriage to use a:
A. bill of loading (B/L).
B. wet lease.
C. charter party.
D. letter of credit.
Net advantages gained by the sharing of common locations by similar enterprises is based on which of the following terms?
A. Agglomeration
B. Lowest cost
C. Differentiation
D. Free market
Which of the following factors would be the greatest challenge for a firm planning to ship goods internationally by truck?
A. Variable cost of fuel
B. Unpredictable weather and climate
C. Variations in road conditions
D. Complex rules and regulations
A company is sending a shipment to its customer in Italy. It elects to pay the freight and be responsible for any liability and damage claims. Which of the following free on board (FOB) terms is the company using?
A. FOB destination, freight collect
B. FOB destination, freight prepaid
C. FOB origin, freight prepaid
D. FOB origin, freight collect
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