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Logistics and Supply Chain Management

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Questions and Answers

What is the primary purpose of logistics?

To move goods from suppliers to buyers (correct)

To produce finished goods at a manufacturing plant

To store goods in a warehouse for long periods

To move raw materials from suppliers to manufacturers

Why do products have little value to customers until they are moved to the customer's point of consumption?

Because the products are not where they need to be (correct)

Because customers do not want the products

Because the products are of poor quality

Because the products are too expensive

What type of utility is provided when products are delivered to the desired location?

Time utility

Form utility

Place utility (correct)

Possession utility

What is the term for delivering products at the right time?

Time utility Signup and view all the answers

What are the two main utilities provided by logistics?

Time and place utility Signup and view all the answers

What percentage of U.S. freight is transported by air carriers?

5% Signup and view all the answers

What type of cargo is typically transported through inland waterway transportation?

Heavy, bulky, low-value materials Signup and view all the answers

What is a characteristic of pipeline carriers?

They are limited in the variety of goods they can carry Signup and view all the answers

What is the term for the use of multiple modes of transportation?

Intermodal Signup and view all the answers

What is the term for the service offered by rail and motor carriers?

All of the above Signup and view all the answers

What type of ships are used for transporting truck trailers and containers?

RO-ROs or roll-on-roll-off containerships Signup and view all the answers

What type of carrier is not bound to serve the general public?

Contract carrier Signup and view all the answers

What percentage of U.S. freight is carried by motor carriers?

> 80% Signup and view all the answers

What is the name of the service that allows rail companies to offer point-to-point pickup and delivery?

Trailer-on-flatcar service Signup and view all the answers

What is a characteristic of rail carriers?

Slow and inflexible Signup and view all the answers

What type of carrier transports goods for the company owning the carrier?

Private carrier Signup and view all the answers

What is a challenge faced by rail companies?

Keeping track of rail cars and getting them where needed Signup and view all the answers