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27 Cards in this Set

  • Front
  • Back
In the Toyota Video we saw, the main benefit the company derived from Kaizen and JIT was:
Reduced need for quality inspections at the end of the line
Minimal inventory
Assembly line flexibility
Unitization of finished products will affect all of the following EXCEPT
The units in which the raw materials are purchased prior to manufacturing
Roadrailers are considered a multimodal solution when all of their capabilities are utilized

T/F?
True
The Lean Philosophy was "born" in:
Japan
Which relationship shows dependent demand inventory?
An automaker purchases four tires for each car they produce
When pricing transportation services on a "per trip" basis, as the utilization of a shipment increases, the price per unit of weight carried ___________
Decreases
If the cost of carrying inventory rises while all costs associated with ordering inventory remain constant, which of the following would be true?
The EOQ quantity will decrease
It does not add value:
Overproduction
Underutilized talent
Motion
Defects
Besides supporting Marketing objectives by making the product aesthetically pleasing and attention-grabbing, packaging has the following implications in logistics management EXCEPT:
There is no exception
In a _________ review system, orders are placed at a constant time interval, but in a ____________ review system, a constant order is placed at a variable time level.
periodic, continuous
The primary elements of JIT include all of the following EXCEPT:
Increase lot size
_______________ decisions are high level, often strategic decisions regarding which products or services will be provided internally and which will be provided by external supply chain members.
Sourcing AND Make-or-buy
Cheaper modes of transport typically have:
longer lead times and larger minimum shipment quantities
Which of the following advantages is accrued by a firm that has multiple sourcing strategy?
Risk is spread
The order quantity in a periodic review system rises as the on-hand inventory falls.

T/F
True
Between any two locations, a full truckload (TL) shipment probably experiences fewer stops and handling than a less than truckload (LTL) consolidated shipment.

T/F
True
Products with ____________ value potential and ___________ complexity give us the best opportunity to be in a position of power when implementing a sourcing strategy.
High, Low
According to Lean, a reduction in a inventory levels forces a company to improve manufacturing practices.
True
Thanks to improved communication channels, a recent trend in supply management is to have as many suppliers as possible.
False
The mode of transportation that is ideal for materials with a high weight-to-value ratio, especially if delivery time is not critical is:
Water
The water and rocks analogy for JIT (found in the textbook) implies that:
water represents inventory
Which would we expect from a JIT plant as compared to a plant that does not use JIT?
More deliveries of inventory
Which of the following statements is true about safety stock?
If lead time and demand are constant, then we do not need safety stock
For a company that operates under an EOQ inventory policy, an offer for a quantity discount ONLY has the potential to reduce total costs further if:
EOQ quantity < the discount quantity break point
Indirect costs that are associated with in sourcing include all of the following EXCEPT:
freight costs
On the graph, Ordering costs go______ and Holding Costs go _______

Total go ____________
Curve down
Perfect linear up

Curve up
What are landed costs
This is what you are really paying for the products with included shipping, handling, freight, etc.