Logistics Management

Transportation

100

What is the fastest transportation mode?

Air

200

Name the three types of consolidation.

Market Area

Pooled Delivery

Scheduled Delivery

300

What is 'value density'?

The ratio of a product's value to its volume.

400

True or False?

It is less costly to ship 10,000 pounds than 5,000 pounds (for a given distance).

False; however, the costs per pound are lower (economies of scale).

Warehouse

100

Storing tomatoes in a warehouse after harvest to protect against seasonality in supply is an example of...

Stockpiling

200

True or False?

A Break-Bulk Warehouse delivers to multiple customers.

True

300

How many major customers does Spartan Plastics have?

Three

Network Design

100

The 'Center-of-Gravity method' determines the best place for a warehouse based on x-coordinates, y-coordinates, and...

Demand at each location

200

True or False?

The Inventory costs increase when the number of network locations increases.

True

300

Logistics postponement is generally used by firm that produce products with high/low value density.

High