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SCM 303 Exam 4 Questions And 100% Correct Answers A+ Graded
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SCM 303 Exam 4 Questions And 100% CorrectAnswers A+ Graded
The work of logistics involves ______ - ANSWER transportation, inventory, order
processing, warehousing, and facility network design
The objective of logistics is to ______ - ANSWER support procurement, manufacturing,
and customer accommodation
In 2016 US business logistics costs represented what percent of Gross Domestic
Product (GDP)? - ANSWER 7.5%
Facility network design is concerned with which of the following? - ANSWER -How many
buildings
-The location of the buildings.
ownership of the houses.
logistical operations have two key flows: ______ - ANSWER inventory and information
Which one of the following concepts is not a logistical integration objectives? - ANSWER
Using less parcel shipping.
Logistics is ______ - ANSWER -the process that links supply chain participants into
integrated operations
-the catalyst of activity between different supply chain functional areas such as
procurement and warehousing
-a critical component to supply chain success
-concerned with getting the right product to the right place at the right time, at minimum
cost
Performance cycle uncertainty has the following trait: ______ - ANSWER the larger the
variance to desired goal, the bigger the impact
, Total Cost Logistics Model takes into consideration ______ - ANSWER all expenditures
necessary to perform logistical requirements
Echelon logistics operating arrangements accomplish which of the following? -
ANSWER Utilize warehouses to create inventory assortments and achieve consolidation
economies.
The three factors fundamental to transportation performance are ______ - ANSWER
cost, speed, and consistency
Supply chain synchronization attempts to achieve which of the following? - ANSWER
Coordinate multiple firms activities across the supply chain.
The more significant the service _____ impact upon a customer's business, the greater
the priority placed on error free logistical performance. - ANSWER failure
Direct logistics operating arrangement accomplish which of the following? - ANSWER
Ship products direct to the consumers destination from one or more locations.
Since 2007 total US business logistics costs have _____ - ANSWER increased
dramatically, by more than 10%
The logistics value proposition is ______ - ANSWER the unique commitment of a firm to
an individual or customer group
The key element of order process is ______ - ANSWER achieve accurate information to
support logistics performance
Warehousing, Materials Handling, and Packaging are unique in the sense that they
______ - ANSWER are an integral part of the other logistics areas
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