MKT 365 Exam 1
Kelly is trying to determine where to locate a new cross-docking facilities to serve three major cities in Missouri. Using the information below, choose which of the following is the correct X and Y coordinate. Locations: (1,3), (1,5), and (6,5) Demand: (3000), (5000), and (6000)
(3.14, 4.57)
Using dynamic analysis, you would like to analyze logistics systems of Carrier A and B. Using the following cost information of two carriers, identify demand at trade-off point (point of indifference). Current demand is 2000. Fixed Cost: A-30k, B-15K Variable Cost: A-$2, B-$6
3750
Robert, the owner of,,,,,,, Using the evaluation criteria below, what is the total performance score of Fast Logistics?
45
Below table shows the unit transportation cost of each transportation route between three origin and destination locations. Using the intuitive lowest cost method, what is the total of transportation cost?
4700
What transportation mode is fastest across water?
Air
Which of the following transportation modes is the most appropriate for high-value and low weight, or perishable food products
Air carriers
As the most important freight documentation, "________" provides all the information the carrier needs to accomplish the move, stipulates the transportation contract terms including the scope of the carriers liability for loss and damage, and acts as a receipt for the good.
Bill of Lading
"_______" lease ships to customers on a trip or time basis and follow routes of customers choosing.
Charter services
Which of the following statement is TRUE?
Consumers now have more direct impact on supply chains empowered by availability of information.
Which of the following customer fulfillment model requires a manufacturer to deliver its product directly to a retailers store bypassing the retailer's distribution network?
Direct Store Delivery
If you use the Northwest Corner method in developing an initial solution of transportation model, the solution changes as unit cost changes in each transportation route.
False
Motor carrier costs are predominantly fixed costs.
False
The relationship between inventory cost and transportation cost is proportional - As the inventory cost increase, transportation cost increases as well.
False
Truckload carriers move multiple shipments while less than truckload carriers deliver single shipments and provide direct service.
False
"_____" is designed to reduce a problem to a manageable size and search automatically through various alternatives using the given criteria.
Heuristic model
Which of the following statement are NOT TRUE about Transportation and Strategy?
If a company uses 3PLs, it can expect a better promo impact (Gaining reputation) then when using private fleets.
Which of the following statements is NOT TRUE about the different approaches for analysis of logistics systems?
In Nodes v. Links approach, nodes are transportation modes that connects manufacturing facilities and warehouses where goods stop for processing or storage.
As the dollar value of a product increases, transportation and packaging costs typically
Increase
Which of the following statement is NOT TRUE about factors that impact cost and importance of Logistics?
Increasing inventory costs can increase the cost of lost sales.
Which of the following statement is NOT TRUE about Intermodal Transportation?
Intermodal transportation has improved increased congestion in the market
Which of the following statement is NOT TRUE about factors that affect facility location decisions?
Locations decisions can increase transportation cost but operating costs are not impacted
Which of the following statements is TRUE about Logistics and System methods?
Long run analysis examines a logistics system over a long time period or range of output.
Which of the following transportation modes is the most appropriate when you move products that require great accessibility to any shopping and receiving locations?
Motor carriers
What type of mode of transportation transports the most amount of good?
Pipelines
Which of the following statement are TRUE about pipelines?
Pipelines effectively protect products from contamination and provide warehousing.
"______" is a customer fulfillment model that groups smaller retailers based on a geographic area for efficiency of a truckload shipment and provide delivery on a regular schedule using 3PLs.
Pool distribution
Which of the following statement is NOT TRUE as disadvantages of integrated Fulfillment model?
There are more duplicate facilities and inventories than a Dedicated Fulfillment system.
Which of the following statement is NOT TRUE about the current trend changes in site selection?
There has been a growing use of private fleets to reduce transportation costs.
Which of the following utility is created through logistics activities? 3 answers.
Time utility, place utility, and quantity utility
What Is the largest form of transportation in the U.S?
Truck by 60%
Companies moving to overseas locations to obtain raw materials is an example of "Resource" seeking motivation for globalizing their supply chains.
True
In transportation planning and strategy, carrier selection requires more active and frequent engagement of the transportation buyer than modal selection.
True
Less than truckload carriers move multiple shipments from 150 to 15k pounds while Truckload carriers deliver single shipments and provide direct service
True
Possession Utility is typically created through the basic Marketing activities such as sales and promotion.
True
Transportation availability is important to demand fulfillment in the supply chain.
True
Which of the following statements is TRUE about different transportation modes?
Using railroads can be cost efficient but can be limited because of different track gauges among countries.
Which of the following statements is NOT TRUE about omni-channel strategy?
When the origin and destination remain the same, adding a customer direct channel can decrease transportation cost per unit because of reduced shipment size.
What are the 5 modes of transportation?
truck, rail, air, pipeline, water