Examen 3

1.

1 point

Most organizations would not operate under conditions of certainty for a variety of reasons.

True

False

2.

1 point

Asset utilization is very important in a 3PL warehouse.

True

False

3.

1 point

JIT was developed in the U.S. and copied by the Japanese.

True

False

4.

1 point

Demand management might be defined as focused efforts to estimate and manage customers' demand, with the intention of using this information to shape operating decisions.

True

False

5.

1 point

A stockout always results in a back order.

True

False

6.

1 point

The railroads have not shared in the growth in transportation and so do not have any capacity issues.

True

False

7.

1 point

Railroad's length of haul is longer than that of motor carriers.

True

False

8.

1 point

In comparison with the basic EOQ approach, the fixed interval model does not require close surveillance of inventory levels.

True

False

9.

1 point

"Batching economies" and "cycle stocks" are the same.

True

False

10.

1 point

CBP is now enforcing the "48 Hour Rule".

True

False

11.

1 point

Ordering cost refers to the expense of placing an order for additional inventory and does not include the cost or expense of the product itself.

True

False

12.

1 point

Following the trend in deregulation of most transportation modes, freight rate negotiations are being decentralized.

True

False

13.

1 point

Reserve Inventory and Determine Delivery Date has traditionally been referred to as order processing.

True

False

14.

1 point

When establishing a distribution strategy, the first and most obvious consideration is the product.

True

False

15.

1 point

An important observation to note about channel structure is that it involves the elements of fixed costs versus variable costs.

True

False

16.

1 point

Inventory plays a dual role in organizations. Inventory impacts the cost of goods sold as well as supporting the balance sheet, a new concept only recently receiving attention.

True

False

17.

1 point

The responsibly for transportation management is typically not assigned to any one management discipline in an organization.

True

False

18.

1 point

Adjusting a forecast for seasons basically uses a combination of seasonal factors and average demand to arrive at an adjusted forecast.

True

False

19.

1 point

The first facility consideration is to determine the size of each operation within the network.

True

False

20.

1 point

Given the availability of information, transportation buying has become comparatively easy.

True

False

21.

1 point

For the best service, all products should be available at all levels regardless of cost.

True

False

22.

1 point

A bill of lading can be either straight or order.

True

False

23.

1 point

Inventory handling, storage, and processing facilities help supply chains create time and place utility.

True

False

24.

1 point

A key requirement for service quality monitoring is information.

True

False

25.

1 point

External balancing methods involve managing production and inventory flexibility to help offset the imbalance of supply and demand.

True

False

26.

1 point

Customer relationship management is a new concept only recently receiving attention.

True

False

27.

1 point

Phantom demand is created by over-ordering during peak demand.

True

False

28.

1 point

Slotting is defined as the placement of product in a facility for the purpose of optimizing materials handling and space efficiency.

True

False

29.

1 point

A reason to hold inventory arises when an organization anticipates that an unusual event might occur that will negatively impact its source of supply.

True

False

30.

1 point

Firms today are beginning to use techniques such as activity-based costing to more accurately allocate costs to customers based on the specific costs of servicing a customer's orders relative to how, how much, what, and when a customer orders.

True

False

31.

1 point

Dependability is not as important to a buyer as is absolute length of lead time.

True

False

32.

1 point

A carrier is never excused from a claim.

True

False

33.

1 point

EOQ can only be used for "push" inventory.

True

False

34.

1 point

Activity-based costing works well in warehouse-type environments but does not work for customer service applications.

True

False

35.

1 point

The main strategy behind routing guides is to maintain very tight control of transportation costs.

True

False

36.

1 point

Exponential smoothing can use constants higher than 1, but not more than 5.

True

False

37.

1 point

WMS is more than a simple database that provides stock location information.

True

False

38.

1 point

Setting safety stock levels for an organization is now a science.

True

False

39.

1 point

Intermodal growth has been flat.

True

False

40.

1 point

Nonintegrated air carriers do not supply door-to-door service.

True

False

41.

1 point

A channel of distribution is controlled by the marketing department, which selects the physical structures and intermediaries through which the product(s) flow.

True

False

42.

1 point

Product handling functions include both receiving and shipping.

True

False

43.

1 point

JIT is often used to force inventory back up the pipeline and therefore does not reduce inventory.

True

False

44.

1 point

Outbound-to-customer logistics systems are also referred to as physical distribution.

True

False

45.

1 point

"Order to cash" and "order cycle" are the same.

True

False

46.

1 point

Some companies like PepsiCo have chosen to move freight on company operated equipment, despite the fact that these private fleets cost more than for-hire carriers.

True

False

47.

1 point

Customer service is of equal importance to both logistics and marketing.

True

False

48.

1 point

The ABC analysis is based on Pareto's Law.

True

False

49.

1 point

Materials management and physical supply are terms that cannot be used interchangeably.

True

False

50.

1 point

It is not difficult to find and train high-quality personnel for DC operations.

True

False