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Exam 11: Supply Chain Management

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Question 51

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_____ is typically the largest logistics expense.

A) Warehousing
B) Inventory control
C) Transportation
D) Order processing
E) Materials handling

F) B) and E)
G) B) and D)

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Question 52

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The key to maintaining a competitive advantage through supply chain strategies is to:

A) the ability to adapt to changes.
B) the ability to maintain low cost relationships with partners.
C) the ability to continuously develop successful new products.
D) continue purchasing the most advanced supply chain software and technologies.

E) None of the above
F) A) and B)

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Question 53

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The warehouse circumvents the need for premium transportation (for example,air freight) and costly order processing by keeping products readily available in local markets.Which type of warehousing involves no capital investment and offers the advantage of flexibility--the firm can increase or decrease its use of space in a given market?

A firm that is able to accomplish production and logistics processes in less time is addressing which of the following supply chain management goals?

An increase in the supplier's delivery time performance permits a buyer to hold less inventory.

Supply chain management,as a source of competitive advantage,should be seen as a source of revenue as well as a means of reducing costs.

Rather than waiting for customers in the business market to demand just-in-time (JIT)service,explain how a business marketer could proactively seek out opportunities to assist customers using JIT inventory management as a marketing strategy.To implement such a strategy,what adjustments would be required in the logistical system?

As a controllable element in the logistics system,____ triggers the logistics process and directs the activities necessary to deliver products to customers.