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Assessment 5
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Logistics is the part of supply chain involved with the forward and reverse flow of
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1 point
information
cash
all of the above
goods
Which of the following sequence is true?
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Sourcing → Outbound logistics → Conversion into finished goods → Inbound logistics → Retailing
Inbound logistics → Sourcing → Conversion into finished goods → Outbound logistics → Retailing
Sourcing → Conversion into finished goods → Inbound logistics → Outbound logistics → Retailing
Sourcing → Inbound logistics → Conversion into finished goods → Outbound logistics → Retailing
A logistics service provider meeting the logistics requirements of an organization and can also integrate its resources, capability and technology to provide comprehensive solution to its customers is called
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1 point
4PL
3PL
2PL
1PL
The movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer's hands is referred to as
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distribution
retailing
transportation
marketing
A route on which a truck either delivers product from a single supplier to multiple retailers or goes from multiple suppliers to a single buyer location is called
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feasible route
cross-docking
milk run
none of the above
____________ is the fastest and most costly mode of transport.
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1 point
Rail
Water
Truck
Air
____________ is the use of different transportation networks and modes based on customer and product characteristics.
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1 point
Inventory aggregation
DC with cross-dock
DC using milk runs
Tailored transportation
____________ is the process of assigning an arrival and service time for each stop, with drivers being assigned shifts that adhere to working hours.
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1 point
Routing
Scheduling
Sequencing
None of the above
Heuristic is used to find out ____________ solution for large size problems in real world scenario.
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1 point
optimum
near to optimum
infeasible
perfect
The travelling salesman problem can be solved using
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1 point
exponential smoothing
ABC analysis
nearest neighbor procedure
moving average method
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