chapter 9 supply chain
The first major transportation regulation in the U.S. was which of the following:
Granger Laws
It is argued that transportation deregulation is good because:
-It encourages competition -It allows prices to adjust as supply, demand, and negotiations dictate
A furniture manufacturer presently owns a total of four warehouses in the following cities Sacramento, Phoenix, Cincinnati, and Atlanta. The average inventory levels for the four warehouses are 8000 units, 10,000 units, 10,000 units, and 8000 units, respectively. They plan on moving all of their inventory to one warehouse in Memphis. Using the square root rule, what will be the required average inventory level at the new central Memphis warehouse required to maintain the system's present customer service level? (Choose the closest answer.)
18000
Which of the following is NOT a characteristic of cost-of-service pricing?
Carriers price their services at the highest levels the markets will bear
What does the term "Zombie Inventory" refer to?:
Product returns that sit unsold in storerooms
Which of the following is a direct benefit from the adoption of NAFTA?
An increase in trade between U.S., Canada, and Mexico
What does LTL stand for in the transportation industry?
Less-Than-Truckload
Logistics affects the supply chain function by:
All of these -Determining how deliveries can be made in a timely manner -Creating the flow of goods between supply chain partners -Providing time and place utility
According to the text, FOB destination pricing is typically preferred for all of the following EXCEPT:
Buyer is purchasing a reoccurring order
Which of the following types of warehouses takes a large number of LTL shipments and repackages them in TL or CL quantities to a manufacturer or user-facility located in another area or region?
Consolidation warehouse
The acts of receiving shipments, breaking down shipments, repackaging shipments, and distributing components to a manufacturing location or finished products to customers by a distribution center is referred to as:
Crossdocking
The following are all examples of lean warehousing capabilities EXCEPT:
Decreased assembly operations
Which of the following is similar to a travel agent for cargo since they provide services like documentation completion, special rate handling, and customs clearance, in addition to their consolidating of small shipments to fill entire truckloads?
Freight Forwarder
A transportation intermediary used to consolidate large numbers of small shipments to fill entire truck trailers or rail cars to achieve truckload or carload transportation rates is referred to as:
Freight forwarder
Which of the following was NOT mentioned in the textbook as being one of the more popular logistics management software applications?
Freight management systems
The process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods including services, and related information from the point of origin to the point of consumption for the purpose of conforming to customer requirements is also referred to as:
Logistics
Which of the following is NOT consistent with a decentralized warehousing system?
Lower total operating costs
Transportation Management systems enhance their supply chain management effectiveness by:
None of these -Managing distribution center capacity -Managing the crossdocking process -Both A and B
Which of the following carriers typically transports goods for the company that owns the carrier, they are not subject to economic regulation, and since the fleets are rather large the cost of transport is very likely less than if the company had hired another company to provide the service?
Private Carrier
According to the text, a warehouse location strategy that proposes locating a warehouse closest to the sources of supply is referred to as:
Product positioned strategy
Foreign-trade zones are:
Secure sites within the U.S. where goods and materials can be assembled and exported without being levied domestic duties or excise taxes
Which of the following legislative acts is NOT in support of transportation deregulation?
Staggers Rail Act
Which of the following international intermediaries helps foreign buyers and sellers find each other and then handles all of the shipping arrangements and documentation preparation?
Trading company
Which of the following would be considered an act of deregulation?
Trucking Industry Regulatory Reform Act - Motor carriers freed from filing rates with the Interstate Commerce Commission
Which of the following modes of cargo transport can be characterized as being the most inexpensive and very slow, yet good for transporting very heavy goods a long-distance?
Water Carriers