Which of the following categories is a weakness of the rail systems?

A. Safety records

B. Inflexible infrastructures

C. Effects of the weather

D. Routes from city centers

An operations manager in concerned that the order-to-cash cycle for their largest customer is too long. The manager is referring to the time that elapses from when the company receives an order from the customer until the:

A. customer processes payment.

B. warehouse in notified to ship the goods.

C. customer receives that order in inventory.

D. company receives payment.

A third-party logistics (3PL) provider is seeking to market its value-added warehousing services to international shippers. These services refer to activities such as:

A. selecting the best location in the warehouse for storage and retrieval.

B. total warehousing cost minimization on equipment, maintenance, and labor.

C. customization services like packaging, labeling, kitting, and setting up displays.

D. improving overall quality measured by ad-hoc metrics according to international standards.

Given the data below, calculate the reorder point (ROP).

Average daily demand = 30 units/day Lead time = 4 days Safety stock = 20

A. 30 units

B. 8 units

C. 120 units

D. 140 units

A corporation is projecting annual sales at $35 million, cost of goods sold (COGS) at $25 million, and administrative expenses at $3 million. In order to meet its corporate inventory turns goal of 5.0, their inventory level must average:

A. $4.4 million

B. $5 million

C. $7 million

D. $7.6 million.

Which of the following activities best describes the functionality of decoupling stock within firms' inventory systems?

A. Separation of the manufacturing process from order processing

B. Separation of the manufacturing process from the selling process.

C. Maintaining inventory to accommodate uncertainty in demand at different geographical positions.

D. Maintaining inventory at a central location for all stages of the value-creation process.

A company wishes to ship large quantities via ocean freight, utilizing the entire vessel capacity. The most appropriate contract of carriage to use a:

A. bill of loading (B/L).

B. wet lease.

C. charter party.

D. letter of credit.

Which of the following rules specifies whether the importer is responsible for insuring cargo?

A. World Trade Organization (WTO) rule

B. Lloyds of London rule

C. Incoterms ?rule

D. Shipper's rule

Which of the following order characteristics would make increased levels of inventory necessary?

A. Speed

B. Variability

C. Cost

D. Delivery

A logistics company operates 10 distribution centers in China totaling 20 million square meters of floor space. Based on the typical utilization factors, how many total square meters are devoted to storage?

A. 5 million

B. 10 million

C. 15 million

D. 20 million