- Description
OPS 571T Wk 6 – Practice Week 6 Knowledge Check
Logistics accounts for about what percent of the U.S. gross domestic product?
Multiple Choice
About 2-3 percent
About 5 percent
About 12 percent
About 8-9 percent
About 19-20 percent
What mode of transportation is involved in the movement of the greatest number of products?
Multiple Choice
Pipelines
Highway (truck)
Rail
Waterway (ship)
Air
What is the term used for a company moving management of the complete cycle of material flow to an outside provider?
Multiple Choice
Contract material management
Contract distribution
Supply chain management
Vendor-managed inventory
Logistics outsourcing
What term refers to the development and management of supplier relationships to acquire goods and services in a way that helps achieve the needs of a business?
Multiple Choice
Third-party logistics
Vendor networks
Strategic sourcing
Lean procurement
JIT sourcing
In the logistics-systems design matrix, volume, cost and speed of delivery are three variables (assume three levels: low, moderate or high) used to describe attributes of transportation modes. Rail is associated with
Multiple Choice
moderate volume, moderate speed and high cost
moderate volume, high speed and high cost
high volume, moderate speed and low cost
low volume, high cost and low speed
high volume, high speed and high cost
A company wants to determine where it should locate a new warehouse. It has two existing production plants (i.e., plant A and plant B) that will ship units of a product to this warehouse. Plant A is located at the (X, Y) coordinates of (50, 100) and will have volume of shipping of 250 units a day. Plant B is located at the (X, Y) coordinates of (150, 200) and will have a volume of shipping of 150 units a day. Using the centroid method, which of the following are the X and Y coordinates for the new plant location?
Multiple Choice
(81, 117)
(88, 138)
(117, 102)
(76, 123)
X and Y coordinates cannot be computed from the data given.
The effect of the lack of synchronization among supply chain members is referred to as which of the following?
Multiple Choice
Forward buying
Continuous replenishment
Bullwhip effect
Metcalf’s law
Being out of step
The six-step process for green sourcing does not include which of the following?
Multiple Choice
Assess the opportunity.
Assess the supply base.
Confer with environmental groups.
Engage sourcing agents.
Institutionalize the sourcing strategy.
Ownership costs are incurred after the initial purchase and are associated with the ongoing use of the product or material. Which of the following is not an ownership cost listed in the text?
Multiple Choice
Financing costs
Energy costs
Taxes
Maintenance and repair costs
Supply network costs
The total value of all items held in inventory for the firm valued at cost is which of the following?
Multiple Choice
Cost of goods to be sold
Average aggregate inventory value
Weeks supply of goods
Inventory turnover
None of these