Supply Chain Management test 2 review

True
Collaboration is usually defined as “business practice that encourages individual organizations to share information and resources for the benefit of all.” True or False
Tactical or operational services
Approximately two-thirds of 3PL customers think their providers supply
product price, transaction costs, and transportation costs
Total procurement price includes
True
Procurement and materials management are related activities in supply chain management. True or False
private distribution facilities
Asset utilization is a very important aspect of
can created higher transportation charges
A downside of direct delivery is
False
Given the current situation, especially with new software, transportation buying is comparatively easy. True or false
False
Inexpensive transportation is the first choice option of supply chain managers.
False
Now that people are computer literate, people are no longer a major barrier to the effective use of information technology.
True
Software applications are now available over the internet
Price/performance of applications
Which of the following is NOT one of the drivers of supply chain excellence?
Price/Performance of applications
Execution
speed
collaboration
False
Distinctives is another name for specialized commodities.
Electronic Marketplace
What is an amalgam of catalogs from vendors available via the Internet within a market called?
True
Railroads have speed disadvantage
Buyer to buyer and or seller to seller
Horizontal collaboration refers to a relationship that is___to___ and or ___ to ___.
False
A common fulfillment strategy of many firms is to use the normal distribution network for most items including their low velocity items.
False
The term supply chain information system (SCIS) is well defined and commonly understood.
True
Vendors may offer varying levels of discounts.
water carriers
Trade imbalances affect
False
Contract warehousing is different than 3PL warehousing.
False
Order accuracy and order completeness are the same.
True
Outsourcing and Contract Logistics are terms are sometimes used to describe third-party logistics.
Vertical Relationship
Refers to the links between supply chain members such as retailers, distributors, manufacturers and suppliers.
Horizontal Relationship
Firms that have parallel or cooperating positions in the supply chain such as a transportation firm and a warehousing firm serving the same customer.
3PLs
Are external suppliers that perform all or part of a company’s logistics functions.
Transportation-Based
Warehouse/Distribution-Based
Forwarder-Based
Shipper/management-based
Financial-based
information-based
What are the types of 3PLs providers
Connectivity
Visibility
Collaboration
Optimization
Execution
Speed
What are the drivers of Supply Chain Excellence?
True
Outsourcing and Contract Logistics are terms are sometimes used to describe third-party logistics.
An external supplier that performs all or part of a company’s logistics functions.
A third-party logistics firm may be defined as
Accessible, relevant, accurate, timely and transferable
Information must be
Supply Chain Planning
Supply Chain Execution
Event Planning
Business Intelligence
What are the 4 supply chain software categories?
Truck
Rail
Air
Water
Pipeline
Intermodal
What are the primary modes of transportation?
Slotting
the placement of product in a facility for the purpose of optimizing materials handling and space efficiency.
The graying of America
Potential labor problems for distribution centers are because of
True
The first step in managing sourcing and procurement is to determine the type pf purchase.
True
Railroad’s length of haul is longer than that of motor carriers.
True
The first stage in the process model for forming logistics relationships involves the process by which a manufacturer becomes fully aware of its logistics and supply chain.
collaboration among buyers and sellers in the supply chain
Vertical collaboration refers to
customers, suppliers, and third-party logistics firms
Companies are working more closely with
True
Inventory handling, storage, and processing facilities help supply chains create time and place utility.
True
Many companies do not want to outsource logistics because they have a core competency in logistics.
Process improvement
Which is not a form of purchasing?
1. sourcing
2. purchasing
3. procurement
4. process improvement
True
ERP systems are multimodule application software platforms that help organizations manage the important parts of their businesses.
Space vs. equipment
Equipment vs. people
People vs. Space
The primary tradeoffs and relationships include the following
True
Organizations may benefit substantially from the establishment of one or several warehouses to reduce transportation costs.
Drivers
compelling reasons to partner
Asset/cost efficiency
Customer service
Marketing advantage
Profit stability/growth
What are the primary drivers?
Facilitators
Supportive corporate environmental factors that enhance partnership growth and development
Full collaboration
The dynamic combination of both vertical and horizontal collaboration
true
Information must me accessible, relevant, accurate, timely, and transferable.
True
The term supply chain information system (SCIS) is widely used, although few formal definitions exist.
capability
Transportation efficiency promotes ____ in the supply chain.
False
The responsibly for transportation management is poorly defined and not assigned to any one management discipline.
True
When a firm makes a “make” decision, when analyzing whether to “make or buy”, the firm may still have to purchase some types of inputs from outside suppliers.
committee
Strategic sourcing as a process is far more broad and comprehensive than procurement. Overall, the process starts with the formation of a
False
Speed is of the essence; running efficient distribution facilities and networks are not nearly as critical.
False
Hourly labor is a problem for distribution centers.
timely and accurate updates
Data synchronization focuses
true
e-Sourcing and e-Procurement are the same.
executives from other areas in the firms are also aware of such needs but to a lesser degree.
While available evidence supports the fact that the president or CEO and the finance executive are often involved with the identification of the need for logistic services,
Transportation management systems (TMS)
Software tools related to the movement of goods across the supply chain are lumped together in a general category
True
TMS is defined as information technologies used to plan, optimize, and execute transportation operations.
the size of each operation within the network
The first facility consideration is to determine
True
The strategy behind routing guides is to maintain very tight control of transportation.
higher costs, longer transit times, and more disruptions.
The distances in today’s supply chains produce
True
Inventory handling, storage, and processing facilities help supply chains create time and place utility.
False
A Third Party Logistics firm is defined as a company that owns trucks and warehouses so as to offer integrated services.
False
Event management software is now the “norm” for stage shows, rock concerts, and similar events where there are many elements to coordinate.