BMGT 372 Final Exam || 100% Exact Answers.
We have generally discussed logistics from the systems approach perspective. Which of the
following would NOT be included as part of this approach? correct answers Encourages sub-
optimization whenever possible
According to class discussion, the proper "Level of Optimality" for an effective logistics system
would be: correct answers the supply chain
The concept of a channel of distribution is often discussed in terms of flows. Which of the
following is false with regard to flows within channels? correct answers flows are unidirectional
Which of the following is NOT a goal of materials handling? correct answers Maximize isle
space
The traditional "marketing concept" includes three important elements, including: correct
answers Consumer orientation, integration efforts within the firm, and profits
Logistics creates value to consumers. This value is often described in terms of utility. Which of
the following best describes the categories of utility created by logistics? correct answers time
and place utility
Logistics costs, measured as a percentage of sales, would be of most concern to a company
which produces the following product(s)? correct answers Canned foods
Rolf and Rolf is a supplier of pharmaceutical products to organizations throughout the U.S.
Recently, they did an analysis of service levels to various customers that they serve. Based on
this analysis, they adopted a new policy to ensure that the most profitable customers received the
highest level of service. This approach to establishing customer service levels is known as:
correct answers Segmented Service
Which of the following factors would NOT normally be considered in establishing the
appropriate level of customer service? correct answers The extent of cross docking
,Which of the following statements regarding customer service (are) true? correct answers The
optimal level of customer service is the one that obtains and retains the most profitable
customers
Functional Shiftability means: correct answers The functions of the channel remain constant over
time, but they may be performed by any member of the channel
The objective of inventory strategy is to achieve the desired customer service level with a
minimum of inventory commitment. Excessive inventories may compensate for deficiencies in
the basic design of a logistics system but will ultimately result in higher-than-necessary costs.
This implies that: correct answers A fundamental goal of logistics is maximum inventory turns
while satisfying service commitments
The concept of links and nodes is a useful way to think about a logistics system. Based on this
concept, we can conclude that: correct answers All of the above are valid statements
The most common manufacturing strategies are MTP, MTO, and ATO. Which of the following
would be descriptive of these strategies for manufacturing? correct answers MTP will typically
have the highest inventory/warehousing costs
The concept of an "Integrated Enterprise" generally means: correct answers Functional activities
such as manufacturing, procurement, and distribution are coordinated to ensure that the firm is
operating in an efficient and effective manner
Zimmerman and son's manufactures furniture in North Carolina and markets their products
nationwide. They take orders to built customized furniture for their various market segments. In
order to get the products to their customers, Zimmerman uses for-hire common carrier trucking
companies. This allows them to focus their resources on the manufacturing aspects of their
business. In this case, the trucking companies would be an example of: correct answers a third-
party logistics provider
,Today, most companies that sell paint, stock several base white paints, but mix specific colors to
order at the time the customer requests that particular color. This is an example of: correct
answers Manufacturing postponement
In order to ensure assets in the supply chain are optimally utilized to achieve the supply chain's
objectives, managers are concerned with the time an asset is not in productive use. For example,
in the railroad industry the time a locomotive or rail cars are held at a gathering or switch yard is
closely monitored. Ideally, this time would be minimized. The measure of efficiency is called:
correct answers Dwell time
Today, with the growth of global marketing, international logistics is becoming more important.
While the essential aspects of logistics are the same for domestic as well as global logistics, there
are some important differences. These differences include all of the following except: correct
answers normally warehouses are not required
To facilitate handling efficiency, products are typically combined into larger units that increase
the efficiency of handling the freight. Which of the following would NOT be an example of this
concept? correct answers Labeling requirements
The input to the performance cycle is: correct answers Demand
Uncertainty in the replenishment cycle can be caused by variability in performance of the various
logistics components or activities in the cycle or variations in demand. This variation typically
has it greatest effects on: correct answers Inventory levels
The development of supply chain management as a concept has led to channel members working
more closely together to build long-term relationships that have resulted in greater loyalty among
channel members and better working arrangements. The parallel of this trend in marketing would
be called: correct answers Relationship marketing
Which of the following would NOT normally be considered an element of customer service?
correct answers Value engineering
, Based on your understanding of the Bullwhip Effect, all of the following are causes of
phenomenon except: correct answers Variability of the order cycle
Which of the following statements best summarizes the relationship between transportation costs
and the number of warehouse locations? correct answers Total transportation costs initially
declines as the number of facilities increases, but at some point begins to increase
All of the following are true regarding productivity expect: correct answers multi factor
productivity is the superior measurement tool for productivity
____ occurs when the average costs of production declines as firms use existing factors or
production (materials, equipment, and labor) to product variety of products correct answers
Economies of scope
The two constant and overarching goals of supply chain management are: correct answers
Efficiency and effectiveness
Channels of distribution (supply chain) may include any number of intermediaries. WIth regard
to channels, it is correct to say all of the following except: correct answers all of the above are
true statements
As a general rule, as end-customers requirements for lot sizes, variety and assortment, locational
convenience, waiting time, and information increase: correct answers The more likely the
distribution structure will include intermediaries
Global supply chain have the same functionality as domestic supply chains; however there are
some unique challenges for global supply chains. Which of the following would NOT be one of
those challenges? correct answers Less reliance on 3PL's
A network of organizations and institutions that, together, perform all the functions required to
link producers with end customers to accomplish the marketing task is completely referred to as:
correct answers The channel of distribution
We have generally discussed logistics from the systems approach perspective. Which of the
following would NOT be included as part of this approach? correct answers Encourages sub-
optimization whenever possible
According to class discussion, the proper "Level of Optimality" for an effective logistics system
would be: correct answers the supply chain
The concept of a channel of distribution is often discussed in terms of flows. Which of the
following is false with regard to flows within channels? correct answers flows are unidirectional
Which of the following is NOT a goal of materials handling? correct answers Maximize isle
space
The traditional "marketing concept" includes three important elements, including: correct
answers Consumer orientation, integration efforts within the firm, and profits
Logistics creates value to consumers. This value is often described in terms of utility. Which of
the following best describes the categories of utility created by logistics? correct answers time
and place utility
Logistics costs, measured as a percentage of sales, would be of most concern to a company
which produces the following product(s)? correct answers Canned foods
Rolf and Rolf is a supplier of pharmaceutical products to organizations throughout the U.S.
Recently, they did an analysis of service levels to various customers that they serve. Based on
this analysis, they adopted a new policy to ensure that the most profitable customers received the
highest level of service. This approach to establishing customer service levels is known as:
correct answers Segmented Service
Which of the following factors would NOT normally be considered in establishing the
appropriate level of customer service? correct answers The extent of cross docking
,Which of the following statements regarding customer service (are) true? correct answers The
optimal level of customer service is the one that obtains and retains the most profitable
customers
Functional Shiftability means: correct answers The functions of the channel remain constant over
time, but they may be performed by any member of the channel
The objective of inventory strategy is to achieve the desired customer service level with a
minimum of inventory commitment. Excessive inventories may compensate for deficiencies in
the basic design of a logistics system but will ultimately result in higher-than-necessary costs.
This implies that: correct answers A fundamental goal of logistics is maximum inventory turns
while satisfying service commitments
The concept of links and nodes is a useful way to think about a logistics system. Based on this
concept, we can conclude that: correct answers All of the above are valid statements
The most common manufacturing strategies are MTP, MTO, and ATO. Which of the following
would be descriptive of these strategies for manufacturing? correct answers MTP will typically
have the highest inventory/warehousing costs
The concept of an "Integrated Enterprise" generally means: correct answers Functional activities
such as manufacturing, procurement, and distribution are coordinated to ensure that the firm is
operating in an efficient and effective manner
Zimmerman and son's manufactures furniture in North Carolina and markets their products
nationwide. They take orders to built customized furniture for their various market segments. In
order to get the products to their customers, Zimmerman uses for-hire common carrier trucking
companies. This allows them to focus their resources on the manufacturing aspects of their
business. In this case, the trucking companies would be an example of: correct answers a third-
party logistics provider
,Today, most companies that sell paint, stock several base white paints, but mix specific colors to
order at the time the customer requests that particular color. This is an example of: correct
answers Manufacturing postponement
In order to ensure assets in the supply chain are optimally utilized to achieve the supply chain's
objectives, managers are concerned with the time an asset is not in productive use. For example,
in the railroad industry the time a locomotive or rail cars are held at a gathering or switch yard is
closely monitored. Ideally, this time would be minimized. The measure of efficiency is called:
correct answers Dwell time
Today, with the growth of global marketing, international logistics is becoming more important.
While the essential aspects of logistics are the same for domestic as well as global logistics, there
are some important differences. These differences include all of the following except: correct
answers normally warehouses are not required
To facilitate handling efficiency, products are typically combined into larger units that increase
the efficiency of handling the freight. Which of the following would NOT be an example of this
concept? correct answers Labeling requirements
The input to the performance cycle is: correct answers Demand
Uncertainty in the replenishment cycle can be caused by variability in performance of the various
logistics components or activities in the cycle or variations in demand. This variation typically
has it greatest effects on: correct answers Inventory levels
The development of supply chain management as a concept has led to channel members working
more closely together to build long-term relationships that have resulted in greater loyalty among
channel members and better working arrangements. The parallel of this trend in marketing would
be called: correct answers Relationship marketing
Which of the following would NOT normally be considered an element of customer service?
correct answers Value engineering
, Based on your understanding of the Bullwhip Effect, all of the following are causes of
phenomenon except: correct answers Variability of the order cycle
Which of the following statements best summarizes the relationship between transportation costs
and the number of warehouse locations? correct answers Total transportation costs initially
declines as the number of facilities increases, but at some point begins to increase
All of the following are true regarding productivity expect: correct answers multi factor
productivity is the superior measurement tool for productivity
____ occurs when the average costs of production declines as firms use existing factors or
production (materials, equipment, and labor) to product variety of products correct answers
Economies of scope
The two constant and overarching goals of supply chain management are: correct answers
Efficiency and effectiveness
Channels of distribution (supply chain) may include any number of intermediaries. WIth regard
to channels, it is correct to say all of the following except: correct answers all of the above are
true statements
As a general rule, as end-customers requirements for lot sizes, variety and assortment, locational
convenience, waiting time, and information increase: correct answers The more likely the
distribution structure will include intermediaries
Global supply chain have the same functionality as domestic supply chains; however there are
some unique challenges for global supply chains. Which of the following would NOT be one of
those challenges? correct answers Less reliance on 3PL's
A network of organizations and institutions that, together, perform all the functions required to
link producers with end customers to accomplish the marketing task is completely referred to as:
correct answers The channel of distribution
