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