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Compare the advantages and disadvantages of ownership of logistics assets.What factors should be considered when deciding whether to own or outsource the assets needed to execute the logistics function?

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Advantages and disadvantages should be l...

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Acme wants to locate a warehouse to serve their major customers that are shown in the table.What is the location that will minimize the transportation costs for their family of products? Acme wants to locate a warehouse to serve their major customers that are shown in the table.What is the location that will minimize the transportation costs for their family of products?   A) Near (3,4)  B) Near (4,5)  C) Near (5,6)  D) Near (6,5)


A) Near (3,4)
B) Near (4,5)
C) Near (5,6)
D) Near (6,5)

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B

A firm that is interested in consistent on-time delivery would probably design their transportation and warehousing system to include:


A) air transportation with a spot stock warehouse.
B) rail transportation with a consolidation warehouse.
C) water transportation with a hub and spoke warehouse.
D) pipeline transportation with a postponement warehouse.

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It looked like a scene right out of the Transformers series,albeit in a far more functional format.With the push of a button the rail car's wheels folded up into the body of the car and wheels suitable for highway transportation appeared out of nowhere.The whole process took only a minute or so and the ________ was ready to deliver steaming burritos to the growing crowd at the center of town.

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The online tracking systems offered by overnight carriers are examples of logistics information systems known as ________.

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Universal Exports has several crates it needs to send from the United Kingdom to North Korea.They have located a firm that specializes in transferring cargo to the actual carrier that will bring the crates into North Korea.This firm could be described as:


A) an interlocuter.
B) a customs broker.
C) a freight forwarder.
D) a mercenary.

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C

A service firm that takes care of all of the logistics requirements for other companies is a:


A) common carrier.
B) contract carrier.
C) third party logistics provider.
D) freight forwarder.

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The ________ mode of transportation is highly cost effective for bulky items but has relatively poor delivery reliability and speed.

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Plants A,B,C,and D produce the same item that is demanded by customers W,X,Y,and Z.Customer demand and plant capacity are shown in the bottom row and rightmost column in the table.The cost to ship one unit between each combination of plants and customers is also shown in the table.The corporation wishes to minimize the total transportation costs of this assignment problem. Plants A,B,C,and D produce the same item that is demanded by customers W,X,Y,and Z.Customer demand and plant capacity are shown in the bottom row and rightmost column in the table.The cost to ship one unit between each combination of plants and customers is also shown in the table.The corporation wishes to minimize the total transportation costs of this assignment problem.    -What is a suitable constraint? A) Minimize Cost = $3Saw + $6Sax + $4Say + $2Saz B) Minimize Cost = $3Saw + $7Sbw + $10Scw + $12Sdw C) Saw + Sbw + Scw + Sdw <= 25,000 D) Saw + Sax + Say + Saz <= 22,000 -What is a suitable constraint?


A) Minimize Cost = $3Saw + $6Sax + $4Say + $2Saz
B) Minimize Cost = $3Saw + $7Sbw + $10Scw + $12Sdw
C) Saw + Sbw + Scw + Sdw <= 25,000
D) Saw + Sax + Say + Saz <= 22,000

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Last year the Perfection Logistics Company delivered 3.1 million packages and damaged 45,000 deliveries,sent 28,000 to the wrong address,and was late 20,000 times.Their percent perfect order is:


A) 93000
B) 3007000
C) 97%
D) 93.7%

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A material handling system includes equipment and procedures that are needed to move items within a facility,between a facility and a transportation mode,and between different transportation modes.

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Which of these is NOT a logistics activity?


A) material handling
B) inventory management
C) warehousing
D) inspection

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One form of warehousing that features light manufacturing and packaging duties and allows firms to put off final assembly or packaging until the last possible moment is:


A) assortment warehousing.
B) spot stock warehousing.
C) postponement warehousing.
D) pac-man warehousing.

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In order for the weighted center of gravity method to yield an optimal solution all of the transportation costs in the area must be identical.

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Cross-docking is essentially the reverse procedure from consolidation warehousing.

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What are the three main categories of logistics information systems? What function does each serve?

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Logistics information systems fall into ...

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Using the map and annual volumes shown next to each location,what is the BEST location for a central warehouse that can be used to service all of the locations? Using the map and annual volumes shown next to each location,what is the BEST location for a central warehouse that can be used to service all of the locations?   A) Near (2,3)  B) Near (3,2)  C) Near (3,4)  D) Near (4,3)


A) Near (2,3)
B) Near (3,2)
C) Near (3,4)
D) Near (4,3)

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B

This transportation mode is often the most expensive on a per pound basis.


A) air
B) rail
C) water
D) highway

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In the United States,the value of goods transported via highway is greater than the value of goods transported by all other transportation modes.

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Define logistics and explain why it is critical.

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The Council of Logistics Management put ...

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