LSCM 3960 Ch 12 Exam Quiz and Answers 100% Solved 2025

LSCM 3960 Ch 12 Exam Quiz and Answers 100% Solved 2025 The first stage in the process model for forming and sustaining supply chain relationships involves the process by which a manufacturer becomes fully aware of its logistics and supply chain needs. T/F - Answer- T Drivers and facilitators are internal issues that an organization must address before seeking a 3PL. T/F - Answer- F Once a 3PL provider is chosen, it is not necessary for an organization to seek continuous improvements as the 3PL will handle that function. T/F - Answer- F Collaboration is usually defined as a "business practice that encourages individual organizations to share information and resources for the benefit of all." T/F - Answer- T A third-party logistics (3PL) firm is defined as a company that owns trucks and warehouses so as to offer integrated services. T/F - Answer- F A distinguishing characteristic of successful supply chains is the ability to achieve "alignment" between people, processes, and technologies. T/F - Answer- T A horizontal relationship refers to firms on the same level in the supply chain. T/F - Answer- F The range of relationships with 3PLs ranges from being a vendor to being a vertical supplier. T/F - Answer- F A recent annual 3PL study indicates that 3PL customers feel third-party suppliers should each focus on a narrow set of specialized services, rather than offering a broader range of generalized services. T/F - Answer- F A financial based 3PL is a firm that takes a financial interest in an organization in order to underwrite the outsourcing of that firm's logistics. T/F - Answer- F Vertical integration refers to collaboration typically among buyers and sellers in the supply chain. T/F - Answer- T The "IT gap" refers to the difference between the internal IT capabilities of 3PL users and the IT expertise of the 3PL providers. T/F - Answer- F 4PL providers not only provide a broader scope of services to their clients and customers, but typically may be more strategically involved. T/F - Answer- T Information systems executives are becoming increasingly involved in implementing 3PL relationships, which is not surprising, considering the key role of IT in many of today's logistics and supply chain processes. T/F - Answer- T One anticipated trend for the future is a narrowing of service offerings into specialty niches.? T/F - Answer- F Many organizations are working more closely with: A : customers. B : customers and suppliers. C : third-party logistics firms. D : customers, suppliers, and various types of logistics suppliers. - Answer- D : customers, suppliers, and various types of logistics suppliers National Auto Parts has a collaborative relationship with one of its suppliers, Dri-Shield Windshield Wipers. National's inventory system feeds data directly to this supplier so that Dri-Shield can deliver optimal levels of inventory at the best times to National's stores. Which of the following best describes this example of collaboration? A : Vertical B : Horizontal C : Lateral D : Full - Answer- A.Vertical