Exam 2 Review
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School
The University of Tennessee, Knoxville *
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Course
413
Subject
Industrial Engineering
Date
Dec 6, 2023
Type
docx
Pages
5
Uploaded by GeneralValorAntelope31
1.
Which of the following comparison of transportation mode characteristics is incorrect?
a.
Speed: air is the best; Water: is the worst
2.
For products that are not gaseous, liquid, or slurry, the lowest cost transportation mode is
usually:
a.
Water
3.
In a transportation vehicle has completed a delivery and is returned empty, the situation is
called a:
a.
Deadhead
4.
A firm that supports an automotive assembly plant by providing just-time time inventory
is engaged in:
a.
Sequencing
5.
‘Spot-stocking’ of inventory is the practice of what?
a.
Placing inventory in a local warehouse in anticipation of future need in that local
market
6.
A customer has requested that the Jones firm perform product labelling in their
distribution warehouse. Jones firm is doing what?
a.
Performing value added services
7.
An agent who doesn’t directly own transportation assets, but focuses on bring carriers
and shippers together is knows as what?
a.
Freight forwarder
8.
The bill of lading lists all of the following information EXCEPT for which of the
following?
a.
The planned delivery stops for a vehicle with multiple delivery destinations
9.
Jones Company decided it would only deliver to each geographic market it serves once
each week. This strategy is called:
a.
Market area consolidation
10. Transportation costs for a product depend upon which of the following characteristics?
a.
The shipment weight
11. The simplest way to quote a shipping price is to use:
a.
FOB origin
12. If a consignee is unable to unload a vehicle in a timely manner, the carrier may require
payment of ________ fees.
a.
Demurrage
13. When a third party firm coordinates deliveries from multiple suppliers to a single
customer, the process is knows as:
a.
Pooled delivery consolidation
14. When items of different types and freight classes are combined onto a single shipment, it
may be advantageous to consider which of the following?
a.
FAK Rates
15. The transportation mode with the slowest point to point transit time is rail.
a.
False
16. The transportation mode with the best combination of overall operating characteristics is
truck.
a.
True
17. Which of the following comparison of transportation mode characteristics is incorrect?
a.
Speed: air is best; water is worst
18. For products that are not gaseous, liquid, or slurry, the lowest cost transportation mode is
usually:
a.
Water
19. In a transportation vehicle has completed a delivery and is returned empty, the situation is
called a:
a.
Deadhead
20. Among the following choices, which is typically the least expensive transportation mode:
a.
Water
21. Why is truck transportation appealing to many shippers?
a.
Trucks offer a good compromise of cost, dependability, availability and frequency
22. Why does the tapering principle occur?
a.
Freight costs increase more and more slowly as distance increases
23. Since 1995 the use of intermodal transportation has:
a.
Increase significantly
24. In the US, the transportation mode that moves the highest annual tonnage is:
a.
Truck
25. An agent who doesn’t directly own transportation assets, but focuses on bringing carriers
and shippers together is known as what?
a.
Freight forwarder
26. The bill of lading lists all of the following information EXCEPT for which of the
following?
a.
The planned delivery stops for a vehicle with multiple delivery destinations
27. As firms increase the number of distribution centers in their system, the cost of inbound
transportation (transportation from the plant/supplier to the distribution center) ________.
a.
increases
28. Aggregate safety stock inventory ________ as the number of network locations increases.
a.
increases
29. Which of the following supply chain cost components has the most impact on supply
chain design?
a.
A combination of transportation and inventory carrying cost
30. A “flow through” facility is _________.
a.
Often called a cross-dock facility
31. Local presence is considered an obsolete paradigm because _________
.
a.
Of the advent of timely and consistent transportation
32. Aggregate safety stock inventory ______ as the number of distribution center increase.
a.
Increases at a decreasing rate
33. When firms ship truckload both from plants to distribution centers and from distribution
centers to retailers, the total transportation cost would likely ________
.
a.
Stay about the same regardless of the number of distribution centers
34. When designing a warehouse network if the overall safety stock increases as the number
of warehouse increase, then ________.
a.
Network uncertainty is increasing
35. The level of service associated with the least total-cost system is knows as the:
a.
Threshold service level
36. When does a trade-off occur?
a.
An investment in one area reduces costs in another
37. Local presence is no longer considered a necessary part of doing business because of the
advent of _____ and _____ transportation.
a.
Timely, consistent
38. In terms of warehouse justification which of the following statements is true?
a.
(all of the above)
b.
A warehouse is justified if it offers a way to achieve competitively superior
service, a warehouse is justified if it offers a way to provide service at lowest cost,
a warehouse is justified if it offers lowest total cost assembly support
39. Market based assemble-to-order (ATO) is a form of:
a.
Customer justified warehousing
40. Higher levels of network uncertainty are indicated when increasing numbers of
warehouses leads to _____ overall safety stock.
a.
Higher
41. In system design the lowest total cost configuration is typically which of the following?
a.
Not the lowest cost of either transportation or inventory
42. In general, adding warehouses to a logistics system will result in _______ base stock
levels and ______ safety stock levels.
a.
Unchanged, higher
43. Which of the following is not a component of the project planning portion of the
Planning methodology?
a.
Cost/benefit estimate
44. The internal review topics should focus on all of the following except:
a.
Suppliers
45. Dwell time is ______.
a.
The ratio of the days inventory sits idle in the supply chain to the days it is being
productively used or positioned
46. The most exacting measure of supply chain performance regarding availability is ______.
a.
Orders shipped complete
47. Sally Jones has put in place a new set of performance metrics for the logistics department
at her firm. She convinced that these will give her better information about the
department’s performance but is concerned that she does not know what type of behavior
the new measurement system will encourage in her employees. Sally seems to be
concerned about which objection of performance measurement?
a.
Directing
48. Jingle Corporation received an order form a customer for 100 units of bells, 200 units of
whistles, and 200 units of dingers. The customer received form Jingle Corporation 90
units of bells, 190 units of whistles, and 200 units of dingers. Jingle’s item fill rate was
______.
a.
96%
49.
Jingle Corporation received an order from a customer for 100 units of bells, 200 units of
whistles, and 200 units of dingers. The customer received from Jingle Corporation 80
units of bells, 180 units of whistles, and 190 units of dingers. Jingle’s item fill rate
was
________
.
a.
90%
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50. Which of the following metrics would be part of the “internal operations perspective” in a
balanced scorecard?
a.
Units shipped per employee
51. Suppose you firm receives trade credit form you suppliers which allows you 10 days to
pay for the goods you buy. You flow your inventory through your firm every 30 days.
You allow your customers 30 days to pay you. Your cash to cash cycle time is ______.
a.
50 days
52.
Last year, Able Company had sales of $10 million, cost of goods sold of $6 million, gross
profit of $4 million and net profit of $1 million. Average inventory at cost was $2 million.
Abel’s inventory turnover rate was
________
.
a.
3 times
53.
Joe Jones has put in place a new set of performance metrics for the Logistics Department
at his firm. He is convinced that these will give him better information about the
department’s performance, but is not sure what type of behavior the new measurement
system will encourage in his employees. Joe seems to be concerned about which
objective of performance measurement?
a.
Directing
54.
Joe Jones has put in place a new set of performance metrics for the Logistics Department
at his firm. He is convinced that these will give him better information about the
department’s performance, but is concerned that he doesn’t know what type of behavior
the new measurement system will encourage in his employees. Joe seems to have
confidence in the new system’s ability achieving which objective of performance
measurement?
a.
Monitoring
55.
Jingle Corporation received an order from a customer for 200 units of bells, 500 units of
whistles, and 600 units of dingers. The customer received from Jingle Corporation 190
units of bells, 400 units of whistles, and 500 units of dingers. Jingle’s item fill rate was:
a.
84%
56.
Jingle Corporation received an order from a customer for 200 units of bells, 500 units of
whistles, and 600 units of dingers. The customer received from Jingle Corporation 200
units of bells, 500 units of whistles, and 500 units of dingers. Jingle’s line fill rate was:
a.
67%
57.
On a balanced scorecard, units shipped per employee would be part of which
perspective?
a.
Internal Operations
58.
Suppose your company receives trade credit from your suppliers which allows you 20
days to pay for the goods you buy. You flow your inventory through your company every
40 days. You allow your customers 15 days to pay you. Your cash-to-cash cycle time is:
a.
45 days
59.
Last year, Able Company had Sales of $100 million, cost of goods sold of $65 million,
gross profit of $35 million and net profit of $10 million. Average inventory at cost was
$24 million. Able’s inventory turn rate was:
a.
2.7 times
60.
The supply chain comprehensive metric that is most difficult to quantify in actual
applications is:
a.
Supply chain response time
61.
The net profit approach to financial assessment allocates indirect
costs
________blank
while the contribution approach to financial assessment allocates
indirect costs
________blank
.
a.
Arbitrarily; only at the top level