Supply Chain
''Which of the following is a method for eliminating the bullwhip or 'Forrester effect'? ''
- timely communication of sales figures throughout the supply chain
- stabilisation of lead times throughout the supply chain
- increased accuracy of stock levels throughout the supply chain
- ensuring realistic Bills of Materials throughout the supply chain
Solution: timely communication of sales figures throughout the supply chain
Logistics
''Which of the following types of container is used to carry oversized cargo? ''
- bulk
- flat rack
- reefer
- tank
Solution: flat rack
Logistics
''The use of two or more different modes of transport in moving goods from origin to destination is known as:''
- Container shipping
- LTL shipping
- Double-stacking
- Intermodal transport
Solution: Intermodal transport
Supply Chain
''Which three manufacturing drivers are projected to be the most important in the 21st century?''
- fuel prices, government regulations and wage rates
- government regulations, security and taxation
- market demographics, supply chain challenges and taxation
- natural disasters, security and supply chain challenges
Solution: market demographics, supply chain challenges and taxation
Logistics
''A logistics network can best be described as:''
- The choice of rail, marine, or truck transport
- The warehouses, production facilities, retailers, and inventory that flows between them
- The routes taken to move goods
- The least cost route from producer to retailer
Solution: The choice of rail, marine, or truck transport
Supply Chain
''What is the primary reason to source goods and services globally?''
- copy the buying patterns of key competitors who are sourcing globally
- establish a marketing presence in a foreign market
- gain access to emerging product and process technologies
- obtain prices that are lower than local market prices
Solution: obtain prices that are lower than local market prices
Logistics
''Which of the following is the name given to a Bill of Lading where goods have been received by a carrier free of defects? ''
- shipped bill of lading
- claused bill of lading
- ordinary bill of lading
- clean bill of lading
Solution: clean bill of lading
Logistics
''An exporter ships sunglasses with a retail value of $150.00 per unit from Singapore to the United States. The sunglasses are shipped 24 units per case, and there are 50 cases per delivery. The case dimensions are 18 inches x 12 inches x 18 inches. What international intermodal transportation is most appropriate for this shipment?''
- air and railroad
- air and truck
- water and railroad
- water and truck
Solution: air and truck
Supply Chain
''What is a common root cause of the bullwhip effect?''
- accurate demand forecasts but inaccurate supply forecasts
- lack of downstream demand information
- minimal levels of participants involved in the supply chain
- sales promotions that have been clearly communicated
Solution: lack of downstream demand information
Logistics
''Which two modes of transportation are least affected by rising fuel prices?''
- air and truck
- air and water
- pipeline and railroad
- pipeline and truck
Solution: pipeline and railroad
Supply Chain
''As the total number of warehouses in a distribution network increases, at what rate does the inventory carrying costs increase in comparison?''
- decreasing
- exponential
- increasing
- linear
Solution: decreasing
Logistics
''Which logistics technology is most concerned with data capture?''
- barcoding
- electronic data interchange
- internet linkages
- radio frequency transmission
Solution: barcoding