OMGT 4753 Final exam || WITH 100% CORRECT SOLUTIONS.
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Course
OMGT
Institution
OMGT
link between SLM and transportation correct answers Transportation is the physical link connecting the firms to its suppliers and customers.
strategic importance of transportation correct answers -Physical link: Interconnectedness throughout the supply chain; forward and reverse flows.
-Time ...
OMGT 4753 Final exam || WITH 100% CORRECT
SOLUTIONS.
link between SLM and transportation correct answers Transportation is the physical link
connecting the firms to its suppliers and customers.
strategic importance of transportation correct answers -Physical link: Interconnectedness
throughout the supply chain; forward and reverse flows.
-Time and place utility: As with all aspects of SCM, provide product where and when it is
needed to support Marketing and Sales.
-Transportation costs: Manage intricacies of transportation costs the factors that impact costs
and adapt to volatility.
-Cost trade-offs: Balance between efficiency and effectiveness in all transportation
operations.
role of transportation in logistics correct answers - Most widely used
- Low barriers to entry (contributes to the vast # of carriers in the motor industry. Comprised
of for-hire and private fleet options. Truckload carriers (LT), Less than truck load (LTL),
small package carriers)
- Low fixed cost, high variable
4 modes of transportation correct answers 1. Motor carriers
2. Rail
3. Water
4. Air
Advantages of Motor Carriers correct answers - high accessibility
- transit times are faster than rail and water
advantages of rail correct answers - capable of carrying a wide variety of products, more than
other modes
- reliability and safety are generally good and improving
- premium intermodal services. (straight piggyback &containerized freight, double stacks,
road railer service)
advantages of water correct answers - Relatively low cost mode
- Do not own the rights of way
- Easy entry and exit
- Long distance mover of low value and bulk type material.
- Low rates
- Low accessibility
- Large high capacity cargo holds
advantages of air correct answers - Earn about 90% of revenue
- Transit times are fastest of the modes
, disadvantages of motor correct answers - Highly variable
- Smaller vehicle size
- Relatively high cost compared to rail and water
disadvantages of rail correct answers - Very small number of carriers
- High fixed costs
- Accessibility can be a problem
- Transit times are spotty, but are generally long
- Service is the biggest customer concern
disadvantages of water correct answers - Long transit times
- High capability
disadvantages of air correct answers - Cost structure highly variable
- Rates are highest
- Reliability subject to weather more than other modes
- Seek goods with a high value to weight ratio
When should rail be used correct answers (high fixed costs and low variable costs)
-bulk food, mining, heavy mnfg. In domestic/regional areas
when should motor be used correct answers (low fixed costs and medium variable costs)
1. Consumer goods, medium/light mfg. in domestic/regional areas
when should water be used correct answers (medium fixed costs and low variable costs)
1. Bulk food, mining, chemicals in international/regional areas
when should air be used correct answers (low fixed costs high variable costs)
1. High-value goods, rush shipments in domestic/regional international areas.
intermodal transportation correct answers two or more modes cooperating on shipment by
publishing a through rate. It takes advantage of best characteristics of each mode.
economy of distance correct answers the cost per unit of distance (miles) decreases as
distance increases
economy of scale correct answers cost per unit of weight (lb.) decreases as the size of the
shipment increases
market related value correct answers competition, market location, regulations, freight
balance, seasonality, international
product/service related cost correct answers distance, density, stowability, handling, liability
stopping in-transit service correct answers permits the shipper to use a CL or TL rate and
drop off portions of the load at various intermediate destinations; the carrier charges a stop-
off charge for each stop, but this is usually much less than shipping the load at LCL or LTL
rates.
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