LSCM 3960 EXAM 2 A+ PASS

LSCM 3960 EXAM 2 A+ PASS An automated identification method that consists of a microchip and a printed antenna that can be packaged into many forms and serves as a means to identify a unique product is: - Answer- Radio Frequency Identification Technology Which of the following is INCORRECT regarding cost and rates of transportation services? - Answer- generally, lower-valued goods can more easily absorb higher transportation rates - should be higher value good with higher transportation rates Correct - a. the value of supplying the service establishes the maximum rate c. rates vary inversely with weight; the heavier the shipment, the lower the rate d. rates vary directly with distance; the longer the haul, the higher the rate The most important factors that affect the decision to form a relationship are: - Answer- Core competency, drivers, and facilitators For generics, the best combination of procurement policy and inventory policy is: - Answer- Fixed order interval; invite bids from two or more suppliers and go with the lowest bidder Which is most likely to happen as a company reduces the number of warehouses? - Answer- an increase in the cost of outbound transportation Distribution facilities can provide numerous services, depending on the requirements of the supply chain. Which does not belong? - Answer- Activity (Allocation, assortment, accumulation do) The primary facility operations focus is - Answer- on the movement and storage of product. A horizontal relationship refers to firms on the same level in the supply chain. - Answer- False Whether the relationship may or may not be with a provider of logistics services, today's supply chain relationships are most effective when collaboration occurs among the ____ who are involved. - Answer- participants Event management software is now the "norm" for stage shows, rock concerts, and similar events where there are many elements to coordinate. - Answer- False There are four steps in the Managing Sourcing and Procurement Processes. Which does not belong? - Answer- Examine off shore and e-procurement suppliers Correct - (1. Evaluate the effectiveness of the strategic sourcing process 2. Determine the type of purchase 3. Determine the necessary levels of investment) Business intelligence applications are being used to gather information on competitors and their suppliers. - Answer- False What vendor selection criteria is described by production capability, labor relations, and operating controls? - Answer- capability Durability refers to - Answer- characterics that influence mode selection. A bill of lading can be either straight or order. - Answer- True A common fulfillment strategy of many firms is to use the normal distribution network for most items including their low velocity items. - Answer- False One of the primary tradeoffs in DC design is space versus equipment. - Answer- True Companies are working more closely with - Answer- customers, suppliers, and third-party logistics firms. Which of the below is not part of the 7 Rs? - Answer- SCIS Collaboration is facilitated by information flow. - Answer- True Distinctives is another name for specialized commodities. - Answer- False Which of the following is NOT a source of price? - Answer- wholesale price index Non integrated air carries are called that because they do not supply door-to-door service. - Answer- True Which does not belong as a freight document? - Answer- routing guide Mode selection has more choices than carrier selection. - Answer- False Railroads have speed disadvantage. - Answer- True The roles of the distribution center include ____ - Answer- balancing supply and demand, protecting against uncertainty, and promoting transportation economies. The first facility consideration is to determine - Answer- the size of each operation within the network.