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