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logistics supply chain management
The "Pareto principle" is ? | Used in logistics to develop fine line inventory classification. 80/20 rule |
Total cost was not typically the way managers viewed logistics prior to the 1960's. T/F | True |
The goal of cycle synchronization is achievement of planned time performance. T/F | True |
Perfect orders are limited to firms committed to integrated supply chain Management. T/F | False |
A logistics performance cycle is? | the basic unit of supply chain design and operational control |
Which of the following best describes an integrative supply chain process? | the fusion of critical components of a supply chain |
Basic logistics service is a concept that? | the level of service a firm provides all established customers. |
Increased operational responsiveness is directly related to information technology. T/F | True |
Form and time postponement are fundamentally the same concept. T/F | False |
Procurement and manufacturing are an integral part of integrated logistics. T/F | False |
Service reliability involves logistical quality. T/F | True |
A unique feature of integrated logistics is ? | Complexity and scope of operations |
The logistics performance cycle is ? | The basic unit of supply chain design and control |
The principle of postponement is new to the discipline of logistics. T/F | False |
Echeloned distribution structure facilitates direct delivery. T/F | False |
An integrated service supplier (ISP) seeks to ? | provide critical operational functionality in a supply chain |
A third party service supplier is also a Public warehouse. T/F | False |
The primary reason that total logistics cost has reduced as a percentage of GDP is ? | inventory has decreased as a percentage of total cost |
Collaboration is a fundamental part of Supply Chain Management. T/F | True |
Supply Chain Management promotes a network of highly efficient independent Businesses. T/F | True |
Logistics cost has declined as a percent of GDP over the past 25 years. T/F | True |
Cash-to-Cash conversion is an efficiency measurement. T/F | False |
What is the primary reason that time to market has decreased over the past two decades ? | Information Technology |
Cash-to-Cash Conversion is ? | typically related to inventory turn |
Geographic postponement is directly linked to dependable delivery. T/F | True |
A flow through facility is ? | often called a cross-dock facility |
The Anticipatory Business Model is best described by which Statement ? | driven by forecast |
The lowest total process cost is ? | the lowest cost for each involved function |
Facility network design is the function of total cost minimization. T/F | False |
What is dwell time ? | ratio of asset idle time to total time required to complete a mission |
Logistical system design is driven by careful integration of all operational components. T/F | False |
The logistics value proposition is based solely on cost minimization. T/F | False |
Enterprise extension is a diversification strategy. T/F | False |
Transportation cost drives a firm's focus on speed and consistency. T/F | False |
There are eight critical supply chain process. T/F | True |
The internet has increased b2b connectivity. T/F | False |
Service reliability is best described as? | quality dimension of logistics performance. |
The concept of postponement is ? | seeks to reduce the risk of anticipation |
The term "Mother Facility" is often used to describe ? | an inventory replenishment source for small facilities |
performance cycle uncertainty is a key concern in logistical operations. T/F | True |
Efficiency as contrasted to effectiveness is the primary goal of logistics. T/F | False |
A supply Chain is best described by which of the following ? | a group of collaborative companies |
The work of logistics involves ? | transportation, inventory order processing, warehousing and facility design. |
Process specialization involves the same concepts as vertical integration. T/F | False |
Collaboration is the act of ? | integrating a supply chain |
Logistics cost is greater than healthcare in the past 25 years. T/F | True |
Which best describes the supply chain?
A supply chain is a network of organizations and business processes for procuring raw materials, transforming these materials into intermediate and finished products, and distributing the finished products to customers.
What is the best definition of Supply Chain Management quizlet?
What is the best definition of supply chain management? A) The activities within an organization to receive, store, and distribute incoming goods for the purposes of production. B) An organization's activity to manage all aspects of the vendor relationship including price, quality, and timeliness of deliveries.
What is a supply chain quizlet?
Supply Chain. consists of all parties involved, directly or indirectly, in the procurement of a product or raw material. Supply Chain Management (SCM) involves the management of information flows between and among stages in a supply chain to maximize total supply chain effectiveness and profitability.
Which of the following best describes supply chain planning systems quizlet?
Which of the following best describes supply chain planning systems? Supply chain planning systems enable the firm to model its existing supply chain, generate demand forecasts for products, and develop optimal sourcing and manufacturing plans.