SCMT FINAL pt. 3

Reasons to do business globally include ___________---

-Access to new markets -Access to new or needed products -Decrease transportation cost

Which are reasons why doing business in china may be challenging?

-Relationships with the government are different -How carriers are used may be different -Relationships between partners are different

Which of the following statements are true. Mark any that are.

-Studies have shown that, in cases, long lead times due to global sourcing lead to increased retailer markdown of products. -For retailers like Zara, it is cheaper to produce their products in Spain from a total cost perspective even though the labor costs are high, because of gains in agility. -As a firm "reshores" -moving production from offshore to domestic - generally it would require less safety stock held in its supply chain.

What are primary motivations fro choosing to do business globally?

-The company wants to produce globally to sell domestically -the company wants to sell their products in globally markets

Which of the following are generally true

-as a firms degree of globilization increases, is potential for outsourcing internal capabilities for gain advantage with product design increases -tariffs are the taxes that countries levy on imports from other countries

Which if any o the following statements are true. Mark all that are.

-practicing postponement can be advantageous from both an inventory and forecasting standpoint -postponement adds flexibility and agility to manufacturing and distribution processes

From your reading on technologies that will self-orchestrate the supply chain, which of the following is not one of the technologies discussed?

3D printing

What percentage of total GDp does transportation account for?

9%

Which is often the most important output of WMS?

Accurate inventory information

Which of the 7 principles will promote revenue growth, better asset utilization, and cost reduction?

Adopt channel-spanning measures

Which capability is even more important when doing business globally?

Agility

The transportation mode must likely to ship diamonds is?

Air

Annual transit cost is a function of which two items?

Annual demand and the transit rat

Which of the following is the software category that develops graphical dashboards for managers to evaluate their performance versus goals?

Business Intelligence

According to the ATA, what would be the potential impact of a truck stoppage on the banking and finance industry?

Cash resources and depleted with days. Companies lose access to cash. Regular transaction processing will cease.

In China, what product dominates rail movements?

Coal

What process is used to ensure near perfect accuracy and efficiency for the dabbawalas collection and distribution system?

Color coding

To estimate average in-transit inventory, the transit time (days) should be multiplied by the _____________________

Daily demand rate

What is the primary meaning of postponement?

Delay

If using both MRp and DRp, at what level of the supply chain is the independent demand forecasted?

Distribution points to where shipments are made

To which other information system is a WMS usually directly connected?

ERp System

Software in this category collect real time data to monitor things that happen on a day-to-day basis.

Event Management

Related to transportation, what does FOB stand for?

Free-on-board

Which of the following is a factor in how much tariff a firm must pay when importing a product, such as men's pants?

From which country the product was imported

According to the ATA, what would be the potential impact of a truck stoppage on the waste removal industry?

Garbage will pile up within days which will lead to health and environmental consequences. A breeding ground for toxins and infectious diseases is created.

_____________________ diversity is one of the greatest diversity management challenges facing businesses today.

Generational

Which factor to business strategy is usually more important in China that in the U.S.

Government relations

Which of the following is true?

If a company is using LTL, then the transportation rate should be considered when calculating the EOQ

IF the cost of capital for a firm increases, what do you expect happens to the in-transit inventory carrying cost?

In-transit inventory carrying cost increases

At the economy level, the price of transportation is ________________. At the carrier level, it is ____________________

Inelastic; elastic

Supply chain technology helps facilitate which of the supply chain flows?

Information

Which of the following statements would be false regarding information requirements in the supply chain?

Information needs to flow in one direction - downstream

What has happened to the percentage of the population employed in manufacturing since the Nineteen forties?

It has dramatically decreased

What has happened to the total percentage of GDp associated with manufacturing since the Nineteen forties?

It has not changed much

How does postponement likely affect forecast accuracy?

It increases forecast accuracy

In the future, how is the heterogeneity of products on a given truckload expected to change?

It is expected to increase.

How do management and leadership differ?

LEaders innovate; managers execute

________________ is the time between when an order is placed and when it is received and becomes available for use.

Lead time

_____________ is a concept when products with low demand or low sales volumes can collectively make up a market share that exceeds a small number of bestsellers.

Long tail

What does dabbawala Mean?

Lunchbox man

Which firm in the supply chain uses an MRp system?

Manufacturer

Which of the following is not a sustainability myth?

Most people know what sustainability means

Based on your reading, how would you describe the demographics of today's supply chain managers?

Mostly males with an average age of Forty Eight

Int the U.S., which mode represents the largest total spend?

Motor Carriage

Which type of firm is and intermediary between an ocean carrier and shipper?

NVOCC

The long tail of demand refers to an increased _______________

Number of SKUs

_________________ is a multi-channel approach to sales that seeks to provide the customer with a seamless shopping experience whether the customer is shopping online from a desktop or mobile device, by telephone or in a bricks and mortar store.

Omni-channel retailing

________________ Jobs are involved in the day-to-day management of people and flow of products

Operations

Which of the following is not a type of utility created by transportation?

Quantity

In the U.S., which is largest in terms of ton miles moved?

Rail

Which of the following modes is characterized by high fixed costs?

Rail carriage

Which type of inventory is being managed by a MRp system?

Raw Materials

Which of the following is a false statement about the development of supply chain management?

Regulation of the transportation industry in 1980s created a competitive environment that paved the way for supply chain management

Tires are an example of a _________________________ product that is returned to the market as "good as new"

Remanufacturing

Which organization is the leading supplier of SCM software

SAp

WMS and TMS are examples of which type of supply chain software categories?

SC Execution

From your reading on technologies that will self-orchestrate the supply chain software?

SC planning

VMI, CpFR, S&Op are all types of which category of supply chain software?

SC planning

If a company shifts from domestic to offshore production, which of the following statements is/are likely to be true?

Safety Stock costs increase

Which function of a TMS is described by the determination of the order in which loads should be tendered to carriers?

Sequencing

Which of the following was important for the growth of intermodal transportation?

Standardization of containers

Executives in the C-suite such as CLOs, CSCOs, COOc are at which level of employment?

Strategic

How is the capacity of ocean liners typically measured?

TEUs

An MBA is often a necessary degree to reach what level of employment?

Tactical

Which function of a TMS makes a shipment available to specific carrier?

Tendering and dispatching

The article "The 7 principles of Supply Chain management" was published in 1997. How would it describe its relevance today?

The 7 principles outlined in the article remain very relevant to managers today.

why might starting an LTL carrier be even more difficult than sharing a TL carrier?

The capital investment required is much greater

Which primary motivation typically happens first for a U.S. company?

The company wants to produce globally to sell domestically

As the degree of globalization increases, which cost is most likely to increase?

Transportation cost

Which is NOT an input to an MRp system?

Transportation schedule

Applying the total cost concept within logistics often means trying to account for intangible costs, such as markdowns or lost sales.

True

Generally, total annual cost = set up cost + holding cost + safety stock cost + average in-transit inventory cost

True

When comparing two different carriers or modes of transportation, there are probably two major differences; cost and service.

True

What does TEU stand for?

Twenty foot equivalent unit

Which of the following statements is true about challenges facing today's supply chain managers?

Understanding financial performance and how it is evaluated by company executives is critical to helping SC managers to explain their impact on financial performance

Which country is the worlds second largest exporter of merchandise?

United States

According to the ATA, what would be the potential impact of a truck stoppage on the healthcare industry?

patient care will be immediately jeopardized in the truck stoppage zone. prescription drug inventories will be depleted quickly. Food supplies will run out in hospitals in twenty-four hours.

the transportation mode that offer in-transit storage is

pipeline

In the U.S., which is NOT a typeof water transportation category?

plains

Which is not part of the Triple Bottom Line?

politics (Regulation)

Cans and newspapers are examples of products being _____________ and given a secondary use

recycling

What conditions must be present before motor carriers and rail carriers can be used for international shipments?

the shipment must be between adjacent countries

The transportation mode with the highest level of accessibility is?

truck

Networking can be an important part of career development?

true

To take into account the effects of transportation on total cost, we replace ITEM COST (C) with ITEM COST pLUS TRANSIT RATE (C+Cm)

true

What are the major modes of international transportation?

water and air