Business Logistics and Transportation (Exam #1) || All Accurately
Answered.
Supply Chain Management correct answers consists of firms collaborating to leverage strategic
positioning, and to improve operating efficiency
Supply Chain Strategy correct answers a channel and business organizational arrangement, based
on acknowledge dependency, and collaboration
Logistics correct answers work required to move and geographically position inventory
What are the 6 aspects of logistics? correct answers -Order Management
-Inventory
-Transportation
-Warehousing
-Material Handling
-Packaging
What are the 3 types of integrative management value propositions? correct answers Economic
value, market value, relevancy value
Economic Value correct answers -lowest cost
-economies of scale
-product/service creation (known as procurement/manufacturing strategy)
Market Value correct answers -attractive assortment
-economy of scope effectiveness
-product/service presentation (known as a market/distribution strategy)
,Relevancy Value correct answers -customization
-segmental diversity
-product/service positioning (Supply Chain Strategy)
End-to-End Supply Chain Management correct answers plan, source, make, deliver, return (and
then back to deliver)
Most supply chains are ___________ through various types of technologies correct answers
Enabled
Eight Processes of Integrative Management correct answers 1. Demand planning responsiveness
2. Customer relationship collaboration
3. Order fulfillment/service delivery
4. Product/service development launch
5. Manufacturing customization
6. Supplier relationship collaboration
7. Life cycle support
8. Reverse logistics
Focus of integrated management? correct answers lowest total process cost (differs from lowest
cost of each function)
What do integrated service providers (ISP) do? correct answers provide a range of logistics
services to accommodate customers, ranging from order entry to product delivery
What makes up the supply chain information system functionality? correct answers 1.
Transaction System
2. Management Control
3. Decision Analysis
, 4. Strategic Planning
What is enterprise resource planning? correct answers it maintains an integrated database of
current/historical data and processes most transactions across all functions (backbone of most
firm's logistical information systems)
Most common ERP software packages correct answers SAP & Oracle
What are examples of transactions in ERP? correct answers - Order entry & order management
- Inventory assignment
- Shipping & receiving
what are the components of enterprise integration and administration? correct answers 1. general
administration
2. accounts receivable/payable
3. financial inventory planning
4. general ledger
5. Human Resources
What are the modules in Enterprise Planning and Monitoring? correct answers 1. Sales &
Operations Planning (S&OP)
2. Supply chain visibility and event management (EMS)
3. Supply chain compliance
Enterprise Operations Modules correct answers 1. Customer relationship management
2. Logistics
3. Manufacturing
4. Purchasing
Answered.
Supply Chain Management correct answers consists of firms collaborating to leverage strategic
positioning, and to improve operating efficiency
Supply Chain Strategy correct answers a channel and business organizational arrangement, based
on acknowledge dependency, and collaboration
Logistics correct answers work required to move and geographically position inventory
What are the 6 aspects of logistics? correct answers -Order Management
-Inventory
-Transportation
-Warehousing
-Material Handling
-Packaging
What are the 3 types of integrative management value propositions? correct answers Economic
value, market value, relevancy value
Economic Value correct answers -lowest cost
-economies of scale
-product/service creation (known as procurement/manufacturing strategy)
Market Value correct answers -attractive assortment
-economy of scope effectiveness
-product/service presentation (known as a market/distribution strategy)
,Relevancy Value correct answers -customization
-segmental diversity
-product/service positioning (Supply Chain Strategy)
End-to-End Supply Chain Management correct answers plan, source, make, deliver, return (and
then back to deliver)
Most supply chains are ___________ through various types of technologies correct answers
Enabled
Eight Processes of Integrative Management correct answers 1. Demand planning responsiveness
2. Customer relationship collaboration
3. Order fulfillment/service delivery
4. Product/service development launch
5. Manufacturing customization
6. Supplier relationship collaboration
7. Life cycle support
8. Reverse logistics
Focus of integrated management? correct answers lowest total process cost (differs from lowest
cost of each function)
What do integrated service providers (ISP) do? correct answers provide a range of logistics
services to accommodate customers, ranging from order entry to product delivery
What makes up the supply chain information system functionality? correct answers 1.
Transaction System
2. Management Control
3. Decision Analysis
, 4. Strategic Planning
What is enterprise resource planning? correct answers it maintains an integrated database of
current/historical data and processes most transactions across all functions (backbone of most
firm's logistical information systems)
Most common ERP software packages correct answers SAP & Oracle
What are examples of transactions in ERP? correct answers - Order entry & order management
- Inventory assignment
- Shipping & receiving
what are the components of enterprise integration and administration? correct answers 1. general
administration
2. accounts receivable/payable
3. financial inventory planning
4. general ledger
5. Human Resources
What are the modules in Enterprise Planning and Monitoring? correct answers 1. Sales &
Operations Planning (S&OP)
2. Supply chain visibility and event management (EMS)
3. Supply chain compliance
Enterprise Operations Modules correct answers 1. Customer relationship management
2. Logistics
3. Manufacturing
4. Purchasing
