Assignment:
Intro to business Logistics Exam:
1. Logistics usually means the same thing for all types companies.
true or false
2. Logistics, as a function, is part of __________________:
3. To maintain competitiveness, companies must analyze ___________to create ____________.
4. Manufacturing costs, rework, and employee time/salary are all elements of:
5. In class, we discussed how Tim's Texas BBQ in Beijing, China is an example of:
6. Research has continuously demonstrated that logistical activities can be an important consideration for achieving exceptional levels of customer service and ultimately contributing to firm financial performance.
7. After the September 11th attacks, which federal agency was created?
8. The difference between Six Sigma and Lean Six Sigma is the element of ______________:
9. Pilferage refers to:
12. The Council of Supply Chain Management Professionals (CSCMP) defines "logistics" as the following:
"...part of the Supply Chain management that plans, implements, and controls the efficient, effective forward or reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customers' requirements."
13. This is an example of __________.
14. In the GSCF Model, the department that provides the structure for how relationships with customers will be developed and maintained.
15. This is an example of _________________ logistics.
16. The SCOR model stands for:
17. In the SCOR model, "procurement" refers to:
18. It is important for a company to take care of their suppliers because:
19. In the 1990's there was an increasing recognition of the importance of an integrated supply chain, partly due to the fact at the same time there was an increase in:
20. In the GSCF Model, demand management deals with processes including forecasting, synchronizing supply and demand, reducing variability, and increasing flexibility.
21. In the SCOR Model, "enable" refers to processes that minimize relationships, performance, and information for a supply chain.
22. Third Party Logistics companies (3PLs) are considered:
23. The Bull Whip effect refers to what phenomenon?
24. Net profit margin is calculated as:
25. A company that is C-TPAT certified usually receives more inspections from the US Customs department.
26. A decentralized logistics organization allows cost savings from high volume by using one home location.
27. International Commercial Terms, otherwise know and Incoterms 2010, clearly establish buyer/seller responsibilities with the transportation and delivery of goods.
28. As an Information Management System, a Decision Support System (DDS) helps people make decisions by providing information, models, or analysis tools.
29. A growing company will face a larger supply chain, thus face a larger logistical complexity, which there are three types of complexities:
30. Often times, to reduce risk companies will build fences inside warehouse to protect product from pilferage or theft which is an example of __________.