QUESTIONS AND SOLUTIONS GRADED A+
◉ ____________________________________ have economies of scale
and lower costs, can consolidate loads for more frequent deliveries, and
can agilely distribute warehouse capacity such as by balancing out
seasonality among clients;. Answer: Multi-User Services
◉ *Types of specialized logistics operating arrangements*. Answer:
◉ A complete supply chain dedicated to the reverse flow of products and
materials for the purpose of returns, repair, remanufacture, and/or
recycling. Answer: Reverse Logistics
◉ A container or trailer on a flatcar. Answer: Piggyback
◉ A distributor instructs pickers to document remaining inventory on
order lists as they remove items. The results are aggregated to determine
current inventory. What type of cycle counting does this illustrate?
Answer: Demand Order
◉ A level of supply chain nodes. Answer: Echelon
,◉ A logistics network needs to be agile and low cost while providing a
threshold level of customer service at all times. What can an
optimization model guarantee provided the inputs are all valid? Answer:
There is no better mix of agility and cost at the service level
◉ A long, narrow area of land that is used for a road, railway, pipeline,
etc. and includes the roadway, railway, or pipeline as well as the margin
of land on either side of it. Answer: Right of Way
◉ A manufacturer maps inventory time in the pipeline and finds that
non-value-added time is almost as high as value-added time. What
should the business do first? Answer: Conduct a thorough process
analysis
◉ A process that enables a business to offer post-purchase service and
information to the customer. Answer: Customer Service Management
◉ A research and development tool that helps organizations understand
why a customer has chosen to do business with a particular firm or why
the buyer-seller relationship ended. Answer: Voice of the Customer
◉ A retail value driver is to maximize sales per square meter of floor
space. What would be one logistics key performance indicator that could
support this objective? Answer: Order fulfillment cycle time
,◉ A shipper needs to balance packaging with weight. What is one
drawback to lighter packaging? Answer: Insurance may not cover the
cargo
◉ A solution to a problem that is best from a narrow point of view, but
not from a higher or overall company point of view. Answer:
Suboptimization
◉ A standard EU freight containers for road-rail intermodal transport; It
is self-supporting and conforms to different international standard
lengths. Answer: Swapbody
◉ A supply chain with long lead times and unpredictable demand needs
to have a combination of.. Answer: Lean + Agile, = Leagile
◉ A type of simulation run by setting minimum and maximum
parameters for each input variable in a model and then having the
computer run the simulation thousands of times with random settings for
each variable each time. Answer: Monte Carlo simulation
◉ According to the definition of total cost of ownership, which cost is
the largest portion of total cost? Answer: Post-Transaction Costs
, ◉ According to the service attribute matrix, if logistics performs at a low
level on an unimportant service level attribute according to the customer,
it is called.. Answer: Relative Importance
◉ According to the text authors, the return collection center that
processes ______________ inventory turns a year is a good benchmark.
Answer: 20-30
◉ According to the text, _____________ of the 5 modes of
transportation are actually an option based on the product and shipment
traits. Answer: one or two
◉ Air cargo generates ______ % of international airline revenue.
Answer: Air cargo generates 9% of international airline revenue
◉ Aircraft pallet and pallet net combinations or aircraft containers.
Answer: Unit Load Devices (ULD)
◉ An indented berth is a berth where ships.. Answer: are loaded from
both sides, increasing profitability
◉ Assuming the organization uses Sales and Operations Planning, what
role does logistics typically play in forecasting? Answer: Logistics uses
the results of S&OP as an input to inventory and capacity planning