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