Logistics Chapter1 Review

1947 words - 8 pages

Chapter 1—Supply Chain Management: An Overview


1. The last decade of the twentieth century was a period of rapid change for organizations, especially businesses.

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2. A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system.

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3. Globalization has had little effect on consumers.

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4. Supply and demand has become less volatile as managers become more adept at controlling the elements.

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5. Outsourcing is a fairly new concept.

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Government policy
b. Technology
c. Environmental concerns
d. Globalization

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13. Outsourcing involves
a. moving company facilities away from the home office.
b. hiring foreign nationals to manage parts of the business.
c. obtaining materials, parts, and products from other companies.
d. building a factory in another country.

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14. Some individuals describe the current consumer as the "click here" generation because
a. we all have Internet access.
b. we no longer wait for information to be "pushed out" to us.
c. we buy so much merchandise on line.
d. we take little time to make purchasing decisions.

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15. The demographics of our society has changed because
a. the "Baby Boom" generation is now turning 60.
b. of the increase in two-career families and single-parent households.
c. of immigration.
d. birth rates have changed.

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16. The Supply Chain Concept
a. is very new and considered cutting edge technology.
b. is highly dependent of computerization.
c. not always well understood by senior managers.
d. developed from the previous Physical Distribution concept.

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17. Logistics, in its simplest form,
a. is a military term, as it was developed originally to supply the battlefield.
b. combines inbound logistics with the outbound logistics of physical distribution.
c. is another term for transportation management.
d. does not involve customer service or other related functions.

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18. One of the major challenges of supply chain management is
a. forward buying.
b. maintaining the visibility of inventory.
c. building safety-stock inventory.
d. Pushing inventory back to vendors.

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19. Which of these flows only one way as illustrated in the figure below?

a. information
b. products and services
c. financials
d. None of these answers

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20. Traditionally, information has been viewed as flowing in the opposite direction of products, that is, from the market/customer back to the wholesalers, manufacturers, and vendors.
a. This is still true and has not changed.
b. Computerization has greatly increased the flow of information from the source.
c. The "Big Box" stores have developed their own sources.
d. None of these answers

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21. The challenge to develop and sustain an efficient and effective supply chain(s) requires organizations to address a number of issues. Which is not included?
a. complexity
b. inventory deployment
c. inventory carrying costs
d. technology

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22. Which of the following is not part of the Supply Chain network?
a. plants
b. stores
c. terminals
d. distribution centers

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23. Complexity in the supply chain is caused by
a. the number...

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