Question

The following statement is true is all respects:

Organizations that make up the supply chain are “linked” together through physical, financial and information flows forming partnerships that add value to the customer experience.

True

False

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Question 3 1 pts

Supply chain management is undergoing a level of transformation, not unlike other disciplines. Which of the selections below best represents this transformation.

Business Logistics

Physical Distribution

Integrated Business Planning

Its not transforming

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Question 4 1 pts

The 'drive wheel' in supply chain, logistics and transportation management is demand planning. How does demand planning influence financial performance? Please select the best answer from the choices below.

Net Operating Profit

Return on Capital

Net Sales

Net Assets

Cost of Capital

All of these

1,2 & 3 only

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Question 5 1 pts

From the lecture, Please select the correct response to the following question:

SCM is more a Process than an Organization

True

False

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Question 6 1 pts

Which of the selections below is not considered a logistics function

Customer Service

Procurement

Transportation

Third party logistics service providers

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Question 7 1 pts

Logistics , including Transportation, is on the verge of a digital transformation

True

False

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Question 8 1 pts

One of the key contributors to this digital transformation is the growing influence of e-commerce and the customer experience. The risks have grown from losing customers to losing an entire business. One of the confirmations of that trend is that parcel and express services costs, a segment of motor carriage, is larger than the railroad sector.  

True

False

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Question 9 1 pts

The following statement is true in all respects

Transportation Management is at the Heart of Supply Chain Execution

True

False

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Question 10 1 pts

Freight service options are a result of trade offs in time and service

True

False

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Question 11 1 pts

Which of the statement(s) below is true?

All of these

Private and Public Economic Generator

Value Creator

Linkage between Consumer and Producer

Technology Innovator

Transportation is a Leading Economic Indicator

Only 2,4 & 5

1,2,3

None oft these

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Question 12 1 pts

Transport systems consist of machines, structures, personnel and networks

True

False

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Question 13 1 pts

An airport terminal is a network

True

False

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Question 14 1 pts

When looking at slides LBc, slides 25 & 26, the most dominate trend in 2018 transportation management is driven by the so called "Amazon effect."

True

False

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Question 15 1 pts

My boss wants me to analyze freight flow Mississippi River barge movements by commodity both upstream and downstream.

Do I want to ' digitize' or 'digitalize'

Digitize

Digitalize

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Question 16 1 pts

Cross functional processes, organizational focus and access to standardized data are critical to corporate alignment and cost effectiveness. Companies that can do so will maximize the value of the firm.

True

False

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Question 17 1 pts

The goal of supply chain visibility is to solely provide track and trace information to customers, carriers, shippers and governments.

True

False

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Question 18 1 pts

Which of the following selections would be considered "Must Have" supply chain competency

Demand Management

Capacity Planning

Shop Floor Execution/Warehouse Management

Transportation Management Systems

All of these

Warehouse and Transportation Management systems

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Question 19 1 pts

In some companies, the lack of IT resource is the reason why a 'must have' technical competency is not implemented. In that case, the transportation manager should forget the savings opportunity, simply 'stay calm and carry on'. It is what it is.   

True

False

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Question 20 1 pts

We have previously seen supply chain performance has a direct bearing on earnings and operating profit. Forecast excellence also contributes to financial performance and ultimately shareholder value.

Please choose the best answer from the selections below.

Capital Consumption

Net working capital

Cost of capital

net assets

All of these

2,3,4

1,2,3

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Question 21 1 pts

Forecast errors are always present in any forecast, regardless of software application

True

False

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Question 22 1 pts

Which of the modeling technique selections below would you use to give your boss an answer of number of distribution centers required without any pre-defined constraints?

Optimization

Simulation

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Question 23 1 pts

Determining the location of distribution centers from a pre-defined list of sites would be considered which of the modeling techniques below

Optimization

Simulation

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Question 24 1 pts

Total Cost of Ownership adds to the cost, demand, inventory and transportation data typically found in supply chain modeling the additional consideration of risk probability in currency, intellectual property, supplier instability, product liability, product life cycle, supplier management costs, weighted productivity and labor costs inflation.

True

False

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Question 25 1 pts

The logistics technology stack includes and is best described by which of the selections below

Transportation Management Systems

Warehouse Management Systems

All of these

Packaging Systems

Inventory Management Systems

Distributed Order Management Systems

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Question 26 1 pts

In logistics management trade offs are inevitable. Some of the most basic ones include transportation costs, service and time; distribution centers, cross dock facilities, break bulk facilities and plant warehouses.

Please choose whether the trade off below is accurate in all respects:  

For the same inventory level, the shorter the lead time to the facility, the lower the level of service provided by the facility

True

False

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Question 27 1 pts

Warehouse management systems support only the four core functions of receiving, putaway, picking and shipping.

True

False

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Question 28 1 pts

A transportation management system (TMS) is designed to select a shipping method based on the shipment weight and lowest cost.  

True

False

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Question 29 1 pts

TMS systems must, by design, seamlessly integrate to financial, order management, S&OP and MRP systems

True

False

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Question 30 2 pts

Transportation is digital. Transportation is on the forefront of blockchain, autonomous vehicles, digital procurement,robotics, wearables and Internet of Things. Digital freight matching platforms are displacing the traditional transportation intermediary. This phenomena is considered which of the selections below.  

Amazon Effect

Uberization of Freight Management

Automated Commercial Environment

SaaS

Answer 1