LSCM 3960 Inventory 3 Exam Questions and Answers Rated A+

LSCM 3960 Inventory 3 Exam Questions and Answers Rated A+ Challenges for the trucking industry include: a. competition. b. oversupply of qualified drivers. c. limited equipment options. d. lack of flexibility. - Answer- competition The distances in today's global supply chains produce a. higher cost. b. longer transit times. c. more disruptions. d. all of these. - Answer- all of these Economic deregulation sparked competition among carriers in several areas. Which of the following is NOT an area of competition? a. services b. accessibility c. performance d. pricing - Answer- accessibility Which management area in an organization does NOT normally have transportation responsibility? a. marketing b. procurement c. manufacturing d. logistics - Answer- manufacturing This mode of transportation is the one most often used in intermodal shipments. a. Air b. Ocean c. Rail d. Motor carrier - Answer- Motor carrier Air carriers were historically looked upon as a. insignificant. b. having equipment shortages. c. emergency only carriers. d. a fringe participant. - Answer- emergency only carriers. The main strategy behind routing guides is to a. promote supply chain excellence. b. maintain exact control. c. comply with or enforce FOB terms. d. select between modes. - Answer- promote supply chain excellence. Which of these is not a freight document? a. bill of lading b. routing guide c. freight bill d. freight claims form - Answer- routing guide The decision to alter the supply chain process is essentially ______ issue. a. an optimization b. a customer satisfaction c. a supply chain d. a management - Answer- an optimization Approximately two-thirds of 3PL customers think their providers supply a. tactical or operational services. b. trucking and warehouse services. c. a firm that can supply a competency that is not core to the firm. d. strategic or integrative services. - Answer- tactical or operational services There are four major categories that provide a useful way for examining logistics and supply chain performance. They are: time, ______, cost, and supporting metrics. a. quality b. delivery c. competition d. KPIs - Answer- quality What is the best financial metric to show the profit an organization generates in relationship to assets utilitze? a. ROA b. Profit c. Stock price d. Return on net worth - Answer- ROA A third-party logistics firm may be defined as a. a firm that owns trucks and warehouses and provides computer support. b. a firm that owns trucks and warehouses. c. an external supplier that performs or manages all or part of a company's logistics functions. d. an outsource service. - Answer- an external supplier that performs or manages all or part of a company's logistics functions.