Shared Flashcard Set

Details

Distribution and logistics management
about supply
12
Other
Not Applicable
11/05/2019

Additional Other Flashcards

 


 

Cards

Term
How do lean manufacturing and Six Sigma fit into logistics activities?
Definition
Six Sigma uses statistics and lean manufacturing uses techniques to increase velocity and reduce inventory.
Term
Who is responsible for an FOB origin shipment?
Definition
Buyers.
Term
Which of the following methods is a good tool to help manage spare parts and service parts?
Definition

ABC classification.

The ABC Classification creates three categories (high, medium, and low importance) to manage spare parts and service parts situationally.

Term
Which of the following logistics choices is a process used to obtain a record of the various steps in product movement?
Definition
Tracing.
Term
What level of annual ordering costs takes place when you buy small lot sizes?
Definition
High.
Term

 

Which of the following statements is correct according to law?

Definition
A carrier issues the bill of lading.
Term
What is a common symbology for bar coding?
Definition

UPC.

 

UPC stands for Universal Product Code. UPC and Code 39 are popular bar coding symbologies.

Term
Which of the following is used in determining class rates?
Definition
A tariff page showing point-to-point rates.
Term
Which of the following phrases best describes the concept of coordinating principles?
Definition

Your company can't accomplish much if you don't follow coordinating principles.

Authority, responsibility, accountability, and power.

Term

 

When you are interested in a new facility, what action should you take first?

Definition

Make sure that there are sufficient future customer orders.

Forecast customer demand.

Term
Which of the following describes why the project closure phase is not done?
Definition
The project is poorly conceived and no one knows when it is really done.
Term
What is needed to calculate sigma?
Definition
Defect, unit, and opportunity.
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