Question 1

Which of the following is not a component of the feasibility assessment of the Planning Methodology?&#10;A)Situation analysis&#10;B)Statement of objectives&#10;C)Cost/benefit estimate&#10;D)Supporting logic

Accepted Answer

B

Question 2

internal review topics should focus on all of the following except:&#10;A)Customer service&#10;B)Suppliers&#10;C)Warehousing&#10;D)Inventory

Accepted Answer

Internal review topics typically focus on areas within the company's control or influence, such as customer service, warehousing, and inventory. However, suppliers are external to the company and may be more difficult to evaluate through an internal review.

Question 3

Which of the following problems is not appropriate for a transportation analysis tool?&#10;A)Which routes should be assigned to which vehicle types?&#10;B)How should deliveries be grouped together to form routes?&#10;C)What delivery sequence should be used to accommodate customer time restrictions?&#10;D)How many distribution centers should there be to best serve customers?

Accepted Answer

A transportation analysis tool is designed to optimize the movement of goods between locations. Questions A, B, and C are all related to the efficient routing of deliveries, which is an appropriate use of such a tool. However, Question D pertains to a strategic decision about the number of distribution centers required, which is not within the scope of transportation analysis.

Question 4

Business assumptions focus on all of the following except&#10;A)Resource availability&#10;B)Competitive actions&#10;C)Mode utilization&#10;D)Consumer trends

Accepted Answer

Business assumptions typically focus on factors such as resource availability, competitive actions, and consumer trends. Mode utilization is not typically considered a major factor in making business assumptions.

Question 5

primary objective(s) of freight lane analysis are:&#10;A)Minimize overall freight cost&#10;B)Balance freight movements between multiple origins and destinations&#10;C)Identifying possibilities for back-hauls&#10;D)All of the above

Accepted Answer

The primary objective(s) of freight lane analysis include minimizing overall freight cost, balancing freight movements between multiple origins and destinations, and identifying possibilities for back-hauls. Therefore, all of the options mentioned in the choices are the best choice(s) for the objective of freight lane analysis.

Question 6

prevention benefits:&#10;A)Represent a one-time reduction in financial or managerial resources required to operate the logistics system&#10;B)Represent reduced out-of-pocket or variable expenses&#10;C)Represent initiatives to reduce sales volumes&#10;D)Represent initiatives to reduce activities in areas where cost drivers are increasing

Accepted Answer

Prevention benefits involve initiatives aimed at reducing activities in areas where cost drivers are increasing, thereby preventing future costs and inefficiencies.

Question 7

Which of the following is the best method to determine inventory parameters such as safety stock and order quantity?&#10;A)Inventory simulation&#10;B)Supply chain design optimization&#10;C)Analytic inventory formulation&#10;D)Transportation analysis tool

Accepted Answer

Analytic inventory formulation is the best method to determine inventory parameters such as safety stock and order quantity. This method uses mathematical formulas and statistical analysis to optimize inventory levels and minimize costs. Inventory simulation and supply chain design optimization can be helpful in certain situations, but analytic inventory formulation is the most accurate and reliable method for determining inventory parameters. Transportation analysis tool is not relevant to inventory parameter determination.

Deck 13: Operation Analysis