Question 1

A transportation intermediary used to consolidate large numbers of small shipments to fill entire truck trailers or rail cars to achieve truckload or carload transportation rates is referred to as:
A)Consolidation forwarder
B)Load broker
C)Transportation broker
D)Freight forwarder

Accepted Answer

Freight forwarders specialize in arranging the storage and shipping of merchandise on behalf of its shippers. They usually provide a full range of services including tracking inland transportation, preparation of shipping and export documents, warehousing, booking cargo space, negotiating freight charges, freight consolidation, cargo insurance, and filing of insurance claims. Freight forwarders consolidate small shipments into larger lots to optimize transport.

Question 2

List three concepts used by supply chain managers in an attempt to make a firm more flexible and responsive to customers' changing needs:

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Question 3

Which of the following would be considered an act of deregulation?
A)Reed Bullwinkle act − legalized rate bureaus or conferences
B)Granger law − Established maximum rates, prohibited discrimination, and forbade mergers for railroads.
C)Trucking Industry Regulatory Reform Act − Motor carriers freed from filing rates with the Interstate Commerce Commission
D)Freight Forwarders Act − Allowed Interstate Commerce Commission control over freight forwarders; controlled entry, rates, and services.

Accepted Answer

The Trucking Industry Regulatory Reform Act freed motor carriers from filing rates with the Interstate Commerce Commission, thus deregulating the transportation industry to a certain extent. The other options either established regulations or gave more control to regulatory agencies.

Question 4

Which of the following international intermediaries helps foreign buyers and sellers find each other and then handles all of the shipping arrangements and documentation preparation?
A)Customs broker
B)Foreign freight forwarder
C)Trading company
D)NVOCC

Accepted Answer

A trading company helps foreign buyers and sellers find each other and then handles all of the shipping arrangements and documentation preparation. Customs broker handles import and export procedures and documentation with customs authorities. Foreign freight forwarder specializes in arranging shipping and transportation of goods. NVOCC stands for Non-Vessel Operating Common Carrier, which is a shipping company that does not own any vessels but contracts out to ship cargo on vessels owned by others.

Question 5

Explain the concept of 'value-enhancing benefits' by giving THREE examples of benefits that may be realized by a firm that successfully manages its supply chain.

Accepted Answer

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Question 6

Which of the following legislative acts is NOT in support of transportation deregulation?
A)Railroad Revitalization and Regulatory Reform Act
B)Staggers Rail Act
C)FAA Authorization Act
D)Reed-Bulwinkle Act

Accepted Answer

The Reed-Bulwinkle Act, also known as the Motor Carrier Act of 1980, actually supported transportation deregulation by deregulating the trucking industry, allowing for more competition and lower prices. The other three acts listed all supported deregulation of the railroad and aviation industries.

Question 7

Which of the following is NOT consistent with a decentralized warehousing system?
A)Higher safety stocks required
B)Shorter lead times
C)Lower transportation fees
D)Lower total operating costs

Accepted Answer

Decentralized warehousing systems tend to have higher operating costs due to the need for additional facilities, staffing, and inventory management. Therefore, lower total operating costs are not consistent with this type of system.

Question 8

According to the text,currently the three largest private warehouse operators in North America are:
A)United Parcel Service, Wal-Mart and Sears Holding Corp.
B)United Parcel Service, Target and U.S. Army
C)Target, Microsoft and U.S. Army
D)Wal-Mart, Ford Motor Corp. and U.S. Army

Accepted Answer

The text states that the three largest private warehouse operators in North America are United Parcel Service, Wal-Mart, and Sears Holding Corp.

Question 9

The following are all examples of lean warehousing capabilities EXCEPT:
A)Decreased assembly operations
B)Greater emphasis on crossdocking
C)Reduced lot sizes and shipping quantities
D)Increased automation

Accepted Answer

Decreased assembly operations are not a capability of lean warehousing. Lean warehousing focuses on reducing waste and increasing efficiency in warehousing operations through strategies such as crossdocking, reduced lot sizes and shipping quantities, and increased automation.

Question 10

Which of the following was NOT mentioned in the textbook as being one of the more popular logistics management software applications?
A)Transportation management systems
B)Freight management systems
C)Warehouse management systems
D)Returns management systems

Accepted Answer

The answer of Which of the following was NOT mentioned...

Question 11

Does risk pooling favor a centralized or decentralized warehousing system? Why?

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Question 12

The transportation legislation that created the Interstate Commerce Commission (ICC)was which of the following:
A)Interstate Commerce Act
B)Motor Carrier Act
C)Granger Laws
D)Interstate Initiation Act

Accepted Answer

The Interstate Commerce Act of 1887 created the Interstate Commerce Commission (ICC), which was the first federal regulatory agency in the United States. The ICC was responsible for regulating interstate commerce, including railroads and eventually other modes of transportation such as trucks and buses. The Motor Carrier Act of 1935 and the Granger Laws were also important transportation legislation, but they were not responsible for creating the ICC. The Interstate Initiation Act is not a real piece of legislation.

Question 13

There are many definitions for supply chain management.
a.Define supply chain management in your own words.
b. What is the goal of supply chain management?​

Accepted Answer

The answer of There are many definitions for supply chain...

Question 14

According to the text,a warehouse location strategy that proposes locating a warehouse closest to the sources of supply is referred to as:
A)Market positioned strategy
B)Supply positioned strategy
C)Product positioned strategy
D)Intermediately positioned strategy

Accepted Answer

The answer of According to the text,a warehouse location strategy...

Question 15

Briefly explain how technology has impacted supply chain management? Give three examples.

Accepted Answer

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Question 16

Public warehouses can provide a wide range of services.Which of the following is NOT one of the services offered by public warehouses?
A)Breakbulk
B)Assembly
C)Repackaging
D)High security shipment

Accepted Answer

Public warehouses typically do not offer high security shipment services as these require specialized equipment and security protocols that are not commonly found in general public warehouses.

Question 17

A furniture manufacturer presently owns a total of four warehouses in the following cities Sacramento,Phoenix,Cincinnati,and Atlanta.The average inventory levels for the four warehouses are 8000 units,10,000 units,10,000 units,and 8000 units,respectively.They plan on moving all of their inventory to one warehouse in Memphis.Using the square root rule,what will be the required average inventory level at the new central Memphis warehouse required to maintain the system's present 98% customer service level? (Choose the closest answer.)
A)9000
B)18000
C)20000
D)24500

Accepted Answer

The answer of A furniture manufacturer presently owns a total...

Question 18

Which of the following is similar to a travel agent for cargo since they provide services like documentation completion,special rate handling,and customs clearance,in addition to their consolidating of small shipments to fill entire truckloads?
A)Transportation Broker
B)Freight Forwarder
C)Shippers' Association
D)Integrated Logistics Service Provider

Accepted Answer

A freight forwarder provides services such as documents completion, special rate handling, and customs clearance. They also consolidate small shipments to fill entire truckloads, similar to a travel agent for cargo. Transportation brokers simply arrange transportation for cargo, while shippers' associations are groups of shippers who join together to negotiate better rates with carriers. Integrated logistics service providers handle a wider range of logistics services beyond cargo transportation.

Question 19

Warehousing is considered a very important part of the transportation process.Why is it,though,that many buildings that used to be called warehouses typically refer to themselves as distribution centers nowadays?

Accepted Answer

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Question 20

The acts of receiving shipments,breaking down shipments,repackaging shipments,and distributing components to a manufacturing location or finished products to customers by a distribution center is referred to as:
A)Piggy backing
B)Crossdocking
C)Transshipping
D)Customs Brokering

Accepted Answer

The process described in the question is known as crossdocking, where a distribution center receives shipments, breaks them down into individual components, and then distributes them to manufacturing locations or customers without storing them for an extended period. The other choices, piggy backing and transshipping, refer to different transportation methods, while customs brokering involves helping businesses import goods through customs.

Quiz 1: Introduction to Supply Chain Management

A transportation intermediary used to consolidate large numbers of small shipments to fill entire truck trailers or rail cars to achieve truckload or carload transportation rates is referred to as:

List three concepts used by supply chain managers in an attempt to make a firm more flexible and responsive to customers' changing needs:

Which of the following would be considered an act of deregulation?

Which of the following international intermediaries helps foreign buyers and sellers find each other and then handles all of the shipping arrangements and documentation preparation?

Explain the concept of 'value-enhancing benefits' by giving THREE examples of benefits that may be realized by a firm that successfully manages its supply chain.

Which of the following legislative acts is NOT in support of transportation deregulation?

Which of the following is NOT consistent with a decentralized warehousing system?

According to the text,currently the three largest private warehouse operators in North America are:

The following are all examples of lean warehousing capabilities EXCEPT:

Which of the following was NOT mentioned in the textbook as being one of the more popular logistics management software applications?

Does risk pooling favor a centralized or decentralized warehousing system? Why?

The transportation legislation that created the Interstate Commerce Commission (ICC) was which of the following:

There are many definitions for supply chain management. a.Define supply chain management in your own words. b. What is the goal of supply chain management?

According to the text,a warehouse location strategy that proposes locating a warehouse closest to the sources of supply is referred to as:

Briefly explain how technology has impacted supply chain management? Give three examples.

Public warehouses can provide a wide range of services.Which of the following is NOT one of the services offered by public warehouses?

Which of the following is similar to a travel agent for cargo since they provide services like documentation completion,special rate handling,and customs clearance,in addition to their consolidating of small shipments to fill entire truckloads?

Warehousing is considered a very important part of the transportation process.Why is it,though,that many buildings that used to be called warehouses typically refer to themselves as distribution centers nowadays?

The acts of receiving shipments,breaking down shipments,repackaging shipments,and distributing components to a manufacturing location or finished products to customers by a distribution center is referred to as:

Quiz 1: Introduction to Supply Chain Management

A transportation intermediary used to consolidate large numbers of small shipments to fill entire truck trailers or rail cars to achieve truckload or carload transportation rates is referred to as:

List three concepts used by supply chain managers in an attempt to make a firm more flexible and responsive to customers' changing needs:

Which of the following would be considered an act of deregulation?

Which of the following international intermediaries helps foreign buyers and sellers find each other and then handles all of the shipping arrangements and documentation preparation?

Explain the concept of 'value-enhancing benefits' by giving THREE examples of benefits that may be realized by a firm that successfully manages its supply chain.

Which of the following legislative acts is NOT in support of transportation deregulation?

Which of the following is NOT consistent with a decentralized warehousing system?

According to the text,currently the three largest private warehouse operators in North America are:

The following are all examples of lean warehousing capabilities EXCEPT:

Which of the following was NOT mentioned in the textbook as being one of the more popular logistics management software applications?

Does risk pooling favor a centralized or decentralized warehousing system? Why?

The transportation legislation that created the Interstate Commerce Commission (ICC) was which of the following:

There are many definitions for supply chain management. a.Define supply chain management in your own words. b. What is the goal of supply chain management?​

According to the text,a warehouse location strategy that proposes locating a warehouse closest to the sources of supply is referred to as:

Briefly explain how technology has impacted supply chain management? Give three examples.

Public warehouses can provide a wide range of services.Which of the following is NOT one of the services offered by public warehouses?

Which of the following is similar to a travel agent for cargo since they provide services like documentation completion,special rate handling,and customs clearance,in addition to their consolidating of small shipments to fill entire truckloads?

Warehousing is considered a very important part of the transportation process.Why is it,though,that many buildings that used to be called warehouses typically refer to themselves as distribution centers nowadays?

The acts of receiving shipments,breaking down shipments,repackaging shipments,and distributing components to a manufacturing location or finished products to customers by a distribution center is referred to as:

There are many definitions for supply chain management. a.Define supply chain management in your own words. b. What is the goal of supply chain management?