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OPS 571T Wk 6 – Practice Week 6 Knowledge Check

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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

 

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