CH 9 MKT 411

Returns management is also known as

Reverse logistics

Recycling

Reverse logistics can have a positive impact on the environment through activities such as?

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

What type of firm would be most interested in using a third-party logistics service?

Small firm with no logistics expertise

The responsibility of transportation is to create both time utility and place utility, which means that products will be delivered at the right time to the desired location.

TRUE

Crossdocking

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:

Motor Carriers

are the most flexible mode of transportation and account for 70 percent of all the freight tonnage moved in the U.S.

Intermodal marketing companies (IMCs) are companies that act as intermediaries between intermodal

Railroad companies

A current warehouse system has five warehouses with 4,000 units at each warehouse. The company desires to change to three warehouses to become more centralized and keep the same customer service levels. Determine the average warehouse inventory levels, using the square root rule.

15,492

False

A primary advantage for motor carriers is the weather.

Which of the following is a direct benefit from the adoption of NAFTA?

An increase in trade between U.S., Canada, and Mexico

For integrated supply chains, logistics is considered:

Critically important

It is argued that transportation deregulation is good because:

It encourages competition

In the text, Table 9.1 shows that for-hire logistics expenditures in the U.S., have _____________ in the past thirty-one years.

More than quadrupled

A product positioned strategy:

Places warehouses close to the sources of supply

The Shipping Act of 1984

Which of the following marked the end of the initial push by Congress to deregulate the entire U.S. transportation industry?

When mistakes occur in the supply chain, which of the following things might happen?

a. More safety stock must be held b. Customer service levels drop c. Cost may increase due to expedited deliveries D. ALL OF THESE CHOICES ARE CORRECT

Containerships

carry the majority of the world's water-transported manufactured goods.

Freight forwarder

consolidates large numbers of small shipments to fill entire truck trailers or rail cars to achieve truckload or carload transportation rates.

Logistics

creates the efficient flow of goods between supply chain partners, allowing profits and competitive advantage to be maximized.