A transportation manager is interested in selecting the optimal mode of transportation based on 3 key criteria: speed, availability, and dependability.
Which of the following modes best meets the criteria?
A. Truck and rail
B. truck and air
C. Air and rail
D. Air and ocean
A company is considering implementing collaborative planning, forecasting, and replenishment (CPFR). Which of the following statements best reflects one of the objectives of CPFR?
A. It represents a sequence of business processes between consumers and retailers.
B. It replaces traditional forecasting methods with a shared single forecast among trading partners.
C. It represents a sequence of business processes within the manufacturing environment.
D. It replaces traditional inventory management procedures with a vendor-managed (VMI) system.
A major retailer has informed a product manufacturer that they must take back all of their dunnage. The manufacturer's major decision in implementing reverse logistics will most likely be to:
A. manage the process internally or outsource to a third party.
B. take back the dunnage or tell the retailer to destroy it all.
C. reduce packaging materials to save money but risk more damage.
D. increase the selling price to the retailer to cover increased costs.
Which of the following terms refer to the contract leasing of an airplane where only the equipment, maintenance, and insurance are include?
A. Wet lease
B. Dry lease
C. Damp lease
D. ACMI lease
The allocation of revenues and costs to customer segments or individual customers in order to estimate segment value is known as:
A. customer relationship management (CRM).
B. customer profitability analysis.
C. customer service analysis.
D. customer standardization analysis.
The scope of logistics includes transportation:
A. order processing, inventory carrying costs, and production output.
B. inventory carrying costs, warehousing, and cost management.
C. manufacturing, customer accommodation, and purchasing.
D. inventory carrying costs, order processing, and warehousing.
The surcharge applied by shipping lines to sea freight to offset adverse variation in fuel cost is called:
A. repositioning charge
B. peak season surcharge
C. currency adjustment factor
D. bunker adjustment factor
A company would like to eliminate unnecessary returns and/or minimize handling. It designs a process to check and screen merchandise at the entry point into the organization. This is an example of:
A. defect reduction
B. avoidance
C. gatekeeping
D. asset recovery
Compared to a centralized distribution network strategy, an organization using a decentralized distribution network strategy can usually expect:
A. lower cost of lost sales and higher inventory cost
B. higher cost of lost sales and higher inventory cost.
C. lower cost of transportation and lower warehousing cost.
D. higher cost of transportation and lower warehousing cost.
Which of the following activities best describes the functionality of decoupling stock within firms' inventory systems?
A. Separation of the manufacturing process from order processing
B. Separation of the manufacturing process from the selling process.
C. Maintaining inventory to accommodate uncertainty in demand at different geographical positions.
D. Maintaining inventory at a central location for all stages of the value-creation process.
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