APU TLMT312 Quiz 9 (35/35) ALL CORRECT - 96538

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Question Question 1 of 35 1.43/ 1.43 Points Which of the following levels of supply chain information systems is most likely to provide the firm with a competitive advantage? A.Strategic planning B.Decision analysis C.Management control D.Transaction system Question 2 of 35 0.0/ 1.43 Points A supply chain compliance system A.Results in reduced inventories B.Authorizes that the trade partners are authorized economic operators In C.Monitors C-TPAT compliance D.B and C Question 3 of 35 0.0/ 1.43 Points The objective of Extensible Markup Language (XML) In A.Allow for more flexibility when exchanging information between supply chain partners B.Defines precise formats for information exchange C.Can be easily converted to Hyper Text Markup Language (HTML) D.A and C Question 4 of 35 0.0/ 1.43 Points Software as a Service (SaaS) allows for all of the following except A.Shifts much of the software and related hardware cost from fixed to variable based on time or number of transactions B.Typically allows data access via the Internet C.Increase company control over data In D.Reduces the need for firms to develop and maintain specialized expertise Question 5 of 35 0.0/ 1.43 Points Knowing the location and status of inventory and resources is referred to as: A.intelligence B.visibility In C.knowledge D.integration Question 6 of 35 1.43/ 1.43 Points The land bridge combines sea and rail transport A. True B. False Question 7 of 35 1.43/ 1.43 Points Air transport is characterized by low fixed and high variable cost A. True B. False Question 8 of 35 1.43/ 1.43 Points The transportation mode having the best overall operating characteristics is truck. A. True B. False Question 9 of 35 1.43/ 1.43 Points Since 1995 the use of intermodal transportation has: A.Remained about the same B.Increase significantly C.Decreased D.Increased slightly Question 10 of 35 1.43/ 1.43 Points Among the following choices which is typically the most expensive transportation mode: A.Water B.Truck C.Air Question 11 of 35 1.43/ 1.43 Points The transportation economic principle that deals with economy of distance is: A.Consolidation B.Load-off C.Tapering D.Spanning Question 12 of 35 1.43/ 1.43 Points If a transportation vehicle has completed a delivery and is returned empty, the situation is called a: A.Backhaul B.Piggy-back C.Freight absorption D.Deadhead Question 13 of 35 1.43/ 1.43 Points With respect to transportation regulation today: A.There is no economic regulation of transportation B.There is more economic regulation than ever before C.There is very little safety/social regulation D.There is more safety/social regulation than ever before Question 14 of 35 0.0/ 1.43 Points Which combination of transportation operating service characteristics not ? A.Speed: air is best; pipeline is worst B.Availability: motor is best; pipeline is worst C.Capability: air is best; truck is worst In D.Dependability: pipeline is best; air is worst Question 15 of 35 0.0/ 1.43 Points What happens to the EOQ when the unit cost increases (assuming all other variables remain the same)? A.EOQ does not change In B.EOQ increases C.EOQ decreases D.EOQ remains the same Question 16 of 35 1.43/ 1.43 Points When calculating a Reorder Point (ROP), which of the following factors WOULD NOT affect the calculation? A.Item's EOQ B.Delivery lead time. C.Demand during the delivery lead time. D.Standard deviation of demand during delivery lead time. Question 17 of 35 1.43/ 1.43 Points A batch of Raisin Bran that has been made at Kellogg's, but not yet packaged in its final cereal box would be an example of ______ inventory. A.Raw Material B.Work-in-process C.Finished Goods D.Maintenance, repair and operating supplies (MRO) Question 18 of 35 1.43/ 1.43 Points Which of the following is included in the cost of carrying inventory? A.Heating and lighting a warehouse B.Inventory obsolescence C.Material handling D.All of the above Question 19 of 35 0.0/ 1.43 Points ______________ ______________ is the primary reason that time to market has decreased over the past two decades. Information Technology Question 20 of 35 1.43/ 1.43 Points Supply Chain Management promotes a network of highly efficient independent businesses? A. True B. False Question 21 of 35 0.0/ 1.43 Points There are eight critical supply chain processes? A. True B. False Question 22 of 35 1.43/ 1.43 Points A Supply Chain is best described by which of the following: A.A group of cooperative carriers B.A formal association of competitive companies C.Two firms who create a strategic alliance D.A group of collaborative companies Question 23 of 35 1.43/ 1.43 Points Collaboration is the act of: A.Sharing secret information B.Working with competitors C.Integrating a supply chain D.Legal in selected supply chain arrangements Question 24 of 35 0.0/ 1.43 Points Cash-to Cash Conversion? A.Is typically related to inventory turn B.Is related to freight payment C.Is the time required to convert raw materials into finished inventory In D.Is a measure of manufacturing efficiency Question 25 of 35 0.0/ 1.43 Points The primary reason that total logistics cost has reduced as a percentage of GDP is: A.Nominal GDP has increased B.Transportation has decreased as a percent of total cost C.Inventory has decreased as a percent of total cost In D.Inventory has increased as a percent of total cost Question 26 of 35 0.0/ 1.43 Points The "Pareto Principle" is: A.Unique to logistical performance measurement B.A concept developed in manufacturing to integrate logistics and procurement C.Used in logistics to develop fine line inventory classification In D.Seldom the result of logistics system design Question 27 of 35 0.0/ 1.43 Points In general, offering consumers higher levels of service output in terms of greater spatial convenience or product variety results in ________ logistics and distribution cost. Higher higher or increased Question 28 of 35 0.0/ 1.43 Points The customer accommodation cycle for make-to-plan items is typically longer than the cycle for assemble-to-order items. A. True B. False Question 29 of 35 0.0/ 1.43 Points Make-to-order strategies typically have lower inventory and warehousing cost than make-to plan strategies. A. True B. False Question 30 of 35 0.0/ 1.43 Points Which of the following reflects does not reflect a strategic focus on procurement? A.focus on total cost of ownership. B.supply base reduction. C.focus on purchase price. In D.win-win negotiation. Question 31 of 35 1.43/ 1.43 Points From a strategic perspective, companies should strive to: A.provide customer success to all customers B.realize different customer accommodation approaches may be appropriate for different customers C.all customers desire close customer success types of relationships D.never refuse to do business with a customer Question 32 of 35 1.43/ 1.43 Points The most exacting measure of logistics performance regarding availability is: A.Stock-out frequency B.Orders shipped complete C.Fill rate D.Average number of items on hand Question 33 of 35 0.0/ 1.43 Points Achieving customer satisfaction with logistical performance does not mean that customers will be loyal. A. True B. False Question 34 of 35 0.0/ 1.43 Points This manufacturing approach typically has the longest customer experienced lead time? make-to-order Question 35 of 35 1.38/ 1.38 Points Providing greater spatial convenience to customers typically requires greater logisitics expense. True False
Solution Description

Question

Question 1 of 35                                                                                             1.43/ 1.43 Points

Which of the following levels of supply chain information systems is most likely to provide the firm with a competitive advantage?

A.Strategic planning

B.Decision analysis

C.Management control

D.Transaction system

Question 2 of 35                                                                                             0.0/ 1.43 Points

A supply chain compliance system

A.Results in reduced inventories

B.Authorizes that the trade partners are authorized economic operators

In C.Monitors C-TPAT compliance

D.B and C

Question 3 of 35                                                                                             0.0/ 1.43 Points

The objective of Extensible Markup Language (XML)

In A.Allow for more flexibility when exchanging information between supply chain partners

B.Defines precise formats for information exchange

C.Can be easily converted to Hyper Text Markup Language (HTML)

D.A and C

Question 4 of 35                                                                                             0.0/ 1.43 Points

Software as a Service (SaaS) allows for all of the following except

A.Shifts much of the software and related hardware cost from fixed to variable based on time or number of transactions

B.Typically allows data access via the Internet

C.Increase company control over data

In D.Reduces the need for firms to develop and maintain specialized expertise

Question 5 of 35                                                                                             0.0/ 1.43 Points

Knowing the location and status of inventory and resources is referred to as:

A.intelligence

B.visibility

In C.knowledge

D.integration

Question 6 of 35                                                                                             1.43/ 1.43 Points

The land bridge combines sea and rail transport

A. True

B. False

Question 7 of 35                                                                                             1.43/ 1.43 Points<