Intro to supply chain and logistics test 2
Class rate system
A system that simplifies that each each of three primary rate factors-product,weight, and distance.
FOB origin
A transportation term that signifies that the buyer assumes title and control of a shipment at the point of pickup
FOB destination
A transportation term that signifies that the seller retains title and control of a shipment until it is delivered.
Demurrage
a charge assessed by rail carriers to users that fail to unload and return vehicles or containers promptly
____ transportation occurs when two or more modes work closely together in an attempt to utilize the advantages of each mode while at the same time minimizing their disadvantages.
intermodal
Which of the following is true?
one challenge to collaborative planning, forecasting, and replenishment is getting supply chain partners to share data
Less-than-truckload motor carriers ____.
operate through a series of terminals
The building blocks concept is associated with which logistics function?
packaging
Routing guide
provides guidance in terms of a preferred list of carriers for shipments moving between two points.
Product density refers to a product's ____.
weight per volume
Stowability
refers to how easy a commodity is to pack into a load.
Order management
refers to management of the various activities associated with the order cycle
Procurement
refers to the raw materials, components parts, and supplies bought from outside organizations to support a companies operations.
Order cycle
refers to the time from when a customer places an order to when goods are received
Order processing
refers to the time from when the seller receives an order until an appropriate location (i.e. warehouse) is authorized to fill the order
Which of the following is not a basic type of demand forecasting model?
exponential smoothing
Which of the following statements is false?
goals should be specific, measurable, achievable, and cost effective
Multiple sourcing uses more than one supplier in hopes of increased competition, improved market intelligence, and ____
greater supply risk mitigation
Order picking and assembly
includes all activities from when an appropriate location is authorized to fill the order until goods are loaded aboard an outbound carrier
Routing
Determining how a shipment will be moved between consignor and consignee.
Three basictypes of demand forecasting models
Judgemental Time series Cause and effect
With respect to U.S. economic regulation, the ____ has primary responsibility for resolving railroad rate and service disputes, reviewing potential rail mergers, and some jurisdiction over motor carriers, domestic water transportation, and pipelines.
Surface Transportation Board
Bill of lading
The most important single transportation document that is the basic operating document in the industry
Detention
a payment from a shipper or consignee to a truck carrier for having kept the carrier's equipment too log
Which of the following is not a key piece of classification and labeling information provided by the Globally Harmonized System of Classification and Labeling of Chemicals (GHS)?
a picture of the chemical or hazardous material
Commodity rate
a specific rate for every possible combination of product, weight, and distance.
Amodal shipper
a transportation manager who purchases a prespecified level of transportation service and is indifferent to the modes of carriers used to provide the actual transportation service.
Each of the following is true, except ____.
a truckload shipment involves only one customer
Which of the following is not a potential benefit associated with procurement cards (p-cards)?
ability to use them in non-domestic markets
Demand management
can be defined as "the creation across the supply chain and its markets of a coordinated flow of demand
A unit load involves ____.
consolidation of several units into larger units to improve efficiency in handling and to reduce shipping costs
The creation across the supply chain and its markets of a coordinated flow of demand is the definition of ____.
demand management
Order delivery
is the time from when a transportation carrier picks up the shipment until it is received by the customer.
The total cost of ownership is associated with which of the 10 materials handling principles?
life cycle cost principle
Concealed loss or damage
loss or damage that is not apparent until after a shipment has been unpacked and inspected
Which of the following is not a potential procurement objective?
minimizing procurement costs
____ materials are no longer serviceable, have been discarded, or are a by-product of the production process.
scrap
Rail gauge refers to ____.
the distance between the inner sides of two parallel rail tracks
Order transmittal is ____.
the series of events that occur between the time a customer places an order and the time the seller receives the order
What concept refers to when firms consider all the costs that can be assigned to the acquisition, use, and maintenance of a purchase?
total cost of ownership