Final Exam Semester 1 - Chapter 1 Flashcards
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Questions and Answers

An example of a production facility is a mine that extracts raw ore from the earth.

False

The life cycle of material flowing through the supply chain is an integrated interconnected process.

True

Inventory including all the materials being currently worked is referred to as which type of inventory?

  • Raw Materials
  • Work-process (WIP) (correct)
  • Finished Goods (correct)
  • In-transit
  • In logistics terms, stocking is the process of sourcing and building product inventory to established targets based on customer needs.

    <p>False</p> Signup and view all the answers

    Which of the following is NOT one of the 4 basic functions around which most warehouse/distribution activities revolve?

    <p>Supply</p> Signup and view all the answers

    Packaging is the key function of the shipping department.

    <p>False</p> Signup and view all the answers

    What role within the supply chain is responsible for physically connecting the sources of supply with customers?

    <p>Distribution Centers</p> Signup and view all the answers

    Recent economic and global trends require warehouses to:

    <p>Handle and Store MORE Items</p> Signup and view all the answers

    To remain competitive, every company operating within the supply chain network must work continuously to reduce cost while improving performance.

    <p>True</p> Signup and view all the answers

    Who is the driving force throughout the life cycle of a product?

    <p>Customers</p> Signup and view all the answers

    Places where materials are stored for future use are:

    <p>Warehouse</p> Signup and view all the answers

    Which of the following terms is normally associated with order processing?

    <p>Picking</p> Signup and view all the answers

    Today, warehouses are expected to execute more transactions in less time than previously expected.

    <p>True</p> Signup and view all the answers

    Which term describes the time it takes to process an order from the time the order is received from the customer until the order is delivered?

    <p>Order Cycle Time</p> Signup and view all the answers

    Which type of inventory includes products that are in the process of being transported from a supplier to a consumer?

    <p>Work-In Process</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing supply chain logistics facilities. Mark says that an example of a production facility is a mine that extracts raw ore from the earth. Sarah says that an example of a transporter is a truck company that delivers raw ore from a mine to a production facility. Which student - Mark or Sarah - is correct?

    <p>Mark is correct</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing the global supply chain life cycle. Mark says that the life cycle of material flowing through the supply chain is an integrated, interconnected process. Sarah says that global logistics is the process of moving materials and information across international boundaries within a global network of connected facilities and transportation modes. Which student - Mark or Sarah - is correct?

    <p>Both are correct</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing supply chain logistics activities. Mark says that stocking is the process of sourcing and building product inventory to established targets based on customer needs. Sarah says that receiving includes the physical receipt of material, identifying and inspecting incoming goods and dispatching items to the correct location. Which student - Mark or Sarah - is correct?

    <p>Sarah is correct</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing supply chain logistics activities. Mark says that loading is the key function of the shipping department. Sarah says that packaging is the key function of the shipping department. Which student - Mark or Sarah - is correct?

    <p>Mark is correct</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing supply chain logistics. Mark says that to remain competitive, every company operating within the supply chain network must work continuously to reduce cost while improving performance. Sarah says that each link in the logistics process is dependent on the others. Which student - Mark or Sarah - is correct?

    <p>Sarah is correct</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing expectations of warehouses today. Mark says that warehouses are expected to execute more transactions in less time. Sarah says that warehouses are expected to handle and store more items. Which student - Mark or Sarah - is correct?

    <p>Both are correct</p> Signup and view all the answers

    Sites that convert raw materials into manufactured products are:

    <p>Raw material providers</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing supply chain logistics. Mark says that logistics is the activities that link facilities within the supply chain. Sarah says that material handling logistics is the movement, storage, control and protection of materials and products throughout the process of their life cycle. Which student - Mark or Sarah - is correct?

    <p>Mark is correct</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing the supply chain logistics life cycle. Mark says that customers pay for the product. Sarah says that customers are the driving force of a product through its life cycle. Which student - Mark or Sarah - is correct?

    <p>Mark is correct</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing the supply chain logistics life cycle. Mark says that each facility in the supply chain adds its own value to the product. Sarah says that many of the tasks involved in physically handling the product as it moves through the logistics process are similar. Which student - Mark or Sarah - is correct?

    <p>Sarah is correct</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing roles and responsibilities within supply chain logistics. Mark says that customers need to specify special needs including special material handling requirements. Sarah says that a customer can become a supplier to another customer. Which student - Mark or Sarah - is correct?

    <p>Sarah is correct</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing warehouses and distribution centers. Mark says that errors made in the receiving department do not affect other departments. Sarah says that receiving is a critical function because it is the first step in a typical warehouse/distribution center operation. Which student - Mark or Sarah - is correct?

    <p>Both are correct</p> Signup and view all the answers

    Which of the following is the process of assigning products to the proper location within the warehouse/distribution center?

    <p>Order Processing</p> Signup and view all the answers

    Which of the following is the practice of assembling products from various locations within the warehouse/distribution center for a specific customer order?

    <p>Order Processing</p> Signup and view all the answers

    Two logistics students, Mark and Sarah, are discussing supply chain logistics trends. Mark says that one trend is the widespread adoption of advanced, computer-based technologies. Sarah says that international trade has led to a surge in global logistics flows. Which student - Mark or Sarah - is correct?

    <p>Sarah is correct</p> Signup and view all the answers

    Total cost per mile is a measure of which of the following:

    <p>Transportation productivity</p> Signup and view all the answers

    What is a SKU?

    <p>Supply keeping unit</p> Signup and view all the answers

    What is the key function of the shipping department?

    <p>Loading</p> Signup and view all the answers

    A coal mine is an example of what type of facility?

    <p>Raw material provider</p> Signup and view all the answers

    A banana farm is an example of what type of facility?

    <p>Raw material provider</p> Signup and view all the answers

    A car factory is an example of what type of facility?

    <p>Raw material provider</p> Signup and view all the answers

    A factory that makes hand tools is an example of what type of facility?

    <p>Distribution center</p> Signup and view all the answers

    A Wal-Mart cross-docking facility is an example of what type of facility?

    <p>Production facility</p> Signup and view all the answers

    A building where a company stores its excess supply is an example of what type of facility?

    <p>Warehouse</p> Signup and view all the answers

    A jewelry store is an example of what type of facility?

    <p>Retail outlet</p> Signup and view all the answers

    Study Notes

    Production Facilities and Types

    • Examples of production facilities include mines and factories that transform raw materials into finished products.
    • A coal mine and a banana farm serve as examples of raw material providers.
    • Production facilities are responsible for converting raw materials into manufactured goods.

    Supply Chain Concepts

    • The supply chain involves a life cycle of material that is integrated and interconnected.
    • The driving force behind a product's life cycle is the customer, reflecting their needs and demands.
    • Supply chain activities are dependent on effective logistics, emphasizing the importance of each link in the process.

    Inventory and Logistics

    • Work-in-process (WIP) inventory includes materials currently being worked on.
    • In-transit inventory refers to products being transported from suppliers to consumers.
    • Stocking is the process of assigning products to appropriate locations within warehouses/distribution centers.

    Warehouse Functions

    • Warehouses are expected to handle and store increasing quantities of items while executing more transactions in less time.
    • Critical functions in warehouses include receiving, where incoming goods are identified and dispatched correctly, and loading, which is the key shipping function.
    • Order processing involves assembling products for specific customer orders from various warehouse locations.
    • Key trends in supply chain logistics include the adoption of advanced technologies and the growth of international trade, resulting in increased global logistics flows.
    • Total cost per mile is an indicator of transportation productivity.

    Essential Definitions

    • SKU stands for Stock Keeping Unit, a unique identifier for each product in inventory.
    • The concept of logistics encompasses the activities that connect different facilities within the supply chain, including material handling.

    True or False Statements

    • The life cycle of material in the supply chain is interconnected - True
    • Packaging is the primary function of the shipping department - False
    • Companies must continuously work to reduce costs and improve performance - True

    Roles in the Supply Chain

    • Transporters play a critical role in connecting supply sources to customers.
    • Each facility in the supply chain adds value, whether through processing, storage, or transportation.
    • Customers can also act as suppliers, demonstrating dual roles within the supply chain.

    Examples of Facilities

    • A car factory and a factory making hand tools are categorized as production facilities.
    • A Wal-Mart cross-docking facility is an example of a distribution center.
    • A jewelry store operates as a retail outlet where finished goods are sold directly to consumers.

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    Description

    Test your knowledge with these flashcards covering Chapter 1 of the Semester 1 material. This quiz includes true/false statements and multiple-choice questions related to production facilities and supply chain processes. Revise effectively and prepare for your final exam!

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