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TMS > MODULE 1 > Flashcards

MODULE 1 Flashcards

1
Q

Is the largest expenditure in logistics

A

TRANSPORTATION

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2
Q

moving whatever comes out of one location to the next location. That might mean transporting something from a manufacturer to a distributor, or from a distributor to a customer

A

TRANSPORTATION

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3
Q

the movement of goods and people from one place to another. Without this the whole world would be stagnant and movement of goods and human beings would have been nearly impossible.

A

TRANSPORTATION

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4
Q

responsible for moving inventory throughout a firm’s supply chain and to customers.

A

Transportation manager

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5
Q

The most fundamental choice is between using

A

-for-hire carriers
-firm’s owned and operated transportation fleet.

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6
Q

a category of software that helps in planning and executing the physical movement of goods.

A

transportation management systemorTMS

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7
Q

3PLs

A

third-party logistics providers

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8
Q

It can be used by all members of the supply chain from manufacturers to distributors and third-party logistics providers (3PLs) – virtually any party that wants to coordinate shipments.

A

transportation management systemorTMS

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9
Q

Transportation management comprises the __and __ used to manage the needs and requirements specific to the physical transportation of goods and cargo as part of supply chain or logistics management

A

processes and systems

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10
Q

“Transportation management comprises the processes and systems used to manage the needs and requirements specific to the physical transportation of goods and cargo as part of supply chain or logistics management,”
is stated by?

A

Seitz

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11
Q

Transportation provides two major logistics services: (functionality)

A
  • product movement
  • product storage
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12
Q

basic value provided by transportation

A

to move inventory to specified destinations throughout the supply chain.

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13
Q

forms of products moved

A

the form of materials, components, work in process, or finished goods,

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14
Q

performance of transportation is vital to

A
  1. procurement,
  2. manufacturing, and
  3. customer relationship management.
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15
Q

a less visible aspect of transportation is the provision of product storage.

A

PRODUCT STORAGE

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16
Q

can also be used for temporary product storage at shipment origin or destination.

A

transport vehicles

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17
Q

another transport service having storage implications is

A

diversion.

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18
Q

occurs when the original shipment is changed after a product has been shipped

A

Diversion

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19
Q

role of transport

A

to facilitate the movement of goods

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20
Q

the process of planning, implementing, and controlling the effective and efficient flow of goods and services from the point of origin to the point of consumption.

A

Logistics

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21
Q

according to __ Logistics includes the integrated planning, control, realization, and monitoring of all internal and network-wide material, part, and product flow, including the necessary information flow, industrial and trading companies along the complete value added chain (and product life cycle) for the purpose of conforming to customer requirements.

A

Council of Logistics Management

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22
Q

Logistics includes the integrated:

A

integrated planning, control, realization, and monitoring of all internal and network-wide material

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23
Q

one of the primary processes of logistics, concentrating on purchasing and arranging the inbound movement of materials, parts, and/or finished inventory from suppliers to manufacturing or assembly plants, warehouses, or retail stores.

A

Inbound logistics

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24
Q

is the process related to the storage and movement of the final product and the related information flows from the end of the production line to the end user.

A

Outbound logistics

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25
Q

explains how a company will manage its corporate activities in order to meet consumer expectations

A

operating plan

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26
Q

explains specific department objectives within an active organization

A

operational plan

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27
Q

Organizations write an operating plan to:

A
  1. reduce risk
  2. enhance productivity
  3. create efficient systems
  4. establish protocols.
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28
Q

Effective planning considers the integration of:

A

internal and external support functions.

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29
Q

Five Main Stakeholders Involved In Transportation Decision

A
  1. shipper (consignor)
  2. recipient (consignee) …
  3. Carrier and agents. …
  4. the government. …
  5. the public.
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30
Q

All transportation process begins with a company transferring its goods from a ___

A

warehouse to another place such as distributors, customers or even another warehouse. …

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31
Q

a person or a company responsible for organizing and transporting goods from one point to another. Generally, they bears the cost of freight, except otherwise stated in the transport contract before shipment

A

A shipper (also known as a consignor)

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32
Q

means a person entitled to take delivery of the goods under a contract of carriage indicated on a bill of lading.

A

Consignee

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33
Q

means a person that enters into a contract of carriage with a carrier.

A

Shipper also known as consignor.

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34
Q

the business that performs a transportation service . As a service business, __ wants to charge their customers the highest freight rate possible while minimizing labor, fuel, and vehicle operating cost.

A

carriers

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35
Q

seeks to coordinate pickup and delivery times for a group of shippers to achieve efficient operations.

A

carriers

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36
Q

are transport agent that facilitates carrier and customer matching.

A

Brokers and Freight forwarders

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37
Q

has a vested interest in transportation because of the critical importance of reliable service to economic and social well being.

A

the government

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38
Q

desires a stable and efficient transportation environment to support economic growth.

A

government

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39
Q

promote carrier development by supporting research and providing right-of-way such as roadways and airports.

A

government

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40
Q

The final transportation system participants

A

public

41
Q

concerned with transportation accessibility, expense, and effectiveness as well as environment protection, security, and safety.

A

public

42
Q

BENEFITS OF TRANSPORTATION MANAGEMENT SYSTEM

A
  1. Better Customer Service
  2. Improved Warehouse Productivity
  3. Tracking Deliveries
  4. Inventory Management
  5. Lower Shipping Costs
  6. Supply Chain Visibility
  7. Enhanced Routing Capabilities
  8. Aligned Dock Scheduling
  9. Accurate Order Fulfilment
  10. Minimal Documentation
43
Q

TOF: Customers today expect lightning-fast delivery, last-minute adjustments, and unique delivery times as part of every order.

A

TRUE

44
Q

TOF: New generation TMS can link the systems responsible for managing orders and those in charge of managing warehouses.

A

TRUE

45
Q

TOF: Consolidating customer orders makes it easier to choose the least expensive carrier.

A

FALSE; Consolidating customer orders can make it easier to choose the most cost-effective carrier, but it does not guarantee that the carrier will be the least expensive.

46
Q

TOF: New generation TMS can help businesses meet customer expectations by adapting their operations.

A

TRUE

47
Q

TOF: New generation TMS will only benefit customers, not businesses.

A

FALSE; New generation TMS can help businesses meet customer expectations by adapting their operations, which will benefit both customers and businesses.

48
Q

TOF: Using a transportation management system (TMS) can help improve warehouse efficiency.

A

TRUE

49
Q

TOF: The more you use your TMS, the less time you spend managing freight.

A

TRUE

50
Q

TOF: If your TMS is incorporated into other systems like your ERP, you’ll spend less time fixing mistakes caused by entry errors or entering new data.

A

TRUE

51
Q

TOF: Deploying a Warehouse Management System (WMS) in conjunction with a Supply Chain Visibility Solution (SCIS) can help further reduce costs and improve efficiency.

A

TRUE

52
Q

TOF: A TMS is only useful for managing transportation, not warehouse operations.

A

FALSE; A TMS can help improve warehouse efficiency in a number of ways, such as by automating tasks, optimizing order fulfillment, and providing real-time visibility into inventory levels and shipment status. When integrated with other systems, such as an ERP or WMS, a TMS can further improve efficiency by eliminating manual data entry and reducing the risk of errors.

53
Q

TOF: A TMS can be used to track the location of shipments at all times.

A

TRUE

54
Q

TOF: Organizations can be notified when a shipment is late or has not arrived at its destination using a TMS.

A

TRUE

55
Q

TOF: Businesses can benefit from knowing when service outages occur by using a TMS, as they can make necessary adjustments promptly.

A

TRUE

56
Q

TOF: Tracking data can be used to calculate the time it takes to complete a route using a TMS, in order to develop more efficient route schedules.

A

TRUE

57
Q

TOF: A reliable TMS solution can help companies track their order and shipping lifecycles in real-time.

A

TRUE

58
Q

TOF: TMS software can help companies predict their inventory with more accuracy, which can improve supply chain transparency and accountability.

A

TRUE

59
Q

TOF: TMS software can help companies track their shipments, but it cannot guarantee that customers will receive their goods on schedule.

A

FALSE

60
Q

TOF: Having a high level of control over inventory management can benefit all other supply chain activities in the future.

A

TRUE

61
Q

TOF: Ecommerce freight transportation is declining

A

FALSE

62
Q

TOF: Good transportation management software can help minimize shipping expenses.

A

TRUE

63
Q

TOF: The best TMS will consider the financial factors of each logistical route to determine the most efficient one.

A

TRUE

64
Q

TOF: TMS software can provide user-oriented solutions for cutting costs in areas such as fuel consumption or driver overtime.

A

TRUE

65
Q

TOF: TMS software can eliminate all shipping expenses

A

FALSE

66
Q

TOF: TMS software is only useful for large businesses.

A

FALSE

67
Q

TOF: Today’s TMS solutions can provide transparency across the entire supply chain.

A

TRUE

68
Q

TOF: Being able to see and access data from all other integrated systems in real-time is a significant advantage of TMS solutions.

A

TRUE

69
Q

TOF: TMS solutions can help logistical managers identify and act on potential problems more quickly and effectively, but they cannot prevent all problems from happening.

A

FALSE

70
Q

TOF: TMS solutions can help maintain high customer satisfaction without sacrificing performance or efficiency.

A

TRUE

71
Q

TOF: Optimized routing is more important today than ever before due to shorter order cycles and smaller cargo quantities.

A

TRUE

72
Q

TOF: Pool distribution can be implemented with the help of the right TMS technology, which can help businesses save money and gain more control over their deliveries.

A

TRUE

73
Q

TOF: Pool distribution is always the fastest and cheapest delivery method.

A

FALSE

74
Q

TOF: Picking and delivering cargo for pool distribution can be as simple as selecting the best pool location.

A

TRUE

75
Q

TOF: All orders must be broken down and routed individually for pool distribution.

A

FALSE

76
Q

TOF: Dock scheduling becomes more efficient as transportation planning and execution become more predictable.

A

TRUE

77
Q

TOF: An effective TMS can cut waiting times while also ensuring high-quality transportation from one point to another by aligning deliveries with dock schedules.

A

TRUE

78
Q

TOF: An effective TMS can eliminate all dock scheduling delays.

A

FALSE

79
Q

TOF: An effective TMS can be used to schedule docks for any type of transportation mode, including trucks, ships, and trains.

A

TRUE

80
Q

TOF: The use of transportation management systems (TMS) helps to improve the accuracy of shipping to a great extent.

A

TRUE

81
Q

TOF: Real-time tracking and supply chain insights from a TMS can help to improve order fulfillment accuracy.

A

TRUE

82
Q

Agood TMS platformshould:

A

simplify and reduce the cost of shipping

83
Q

costs valuable time and money that a TMS system streamlines. A simplified shopping system also helps ensure their employees are following through even finding the best carrier rates for every. single. shipment.

A

carrier rate shopping task

84
Q

FIVE MAJOR WORK FLOW OF TRANSPORTATION MANAGEMENT

A
  1. SHOP
  2. SHIP
  3. TRACK
  4. ANALYZE
  5. AUDIT
85
Q

finding the best LTL, parcel, truckload, or international carrier & rates for the job

A

SHOP

86
Q

processing the shipment to get it to its destination

A

SHIP

86
Q

tracking the inbound and outbound shipments of goods and raw materials

A

TRACK

86
Q

analyzing the expenses, routes, service levels, and more

A

ANALYZE

87
Q

ensuring all carrier charges are accurate and processing refunds

A

AUDIT

88
Q

where possible -andwhere it makes sound business sense -helps reduce manual errors, reduces processing time, and increasesproductivity.

A

Automating workflows

89
Q

According toresearch from ARC Advisory,on average, companies that leverage a TMS report 8% savings in their __. This is just an 8% savings due to improved labor workflow. It doesn’t even include savings from rate shopping.

A

shipping and logistics management

90
Q

are crucial in shipping and logistics circles. Some managers pride themselves on always being able to find the best rate for client shipments, saving money and getting items to their destinations on time and on budget.

A

Rate comparisons

91
Q

support all types of shipments, including Full Truckload (FTL) and Less than Truckload (LTL,) and enable you to granularly view all of the details associated with these loads.

A

Optimal TMS solutions

92
Q

typically less costly, being able to create collective shipments based on individual shipment specifications - including things like delivery destination and arrival date - can help support considerable cost savings and optimize the movement of smaller loads.

A

FTL shipments

93
Q

for measurable advantagesthat can help create ROI, including elements like:

A
  1. Capital savings
  2. Improving connections with carriers
  3. Reporting
94
Q

when TMS companies negotiate special rates with carriers (FedEx, UPS, USPS, ABF, Convoy, XPO, etc.) on behalf of their customers. Those rates are then made available on the TMS platform for that TMS’s users.

A

Partner Discounts

95
Q

WHO pointed out, many service providers are boastingshorter and shorter delivery windows, including even same-day delivery.

A

Supply Chain 24/7 contributor Gene Trousil

96
Q

A recent survey of 1,800 logistics and manufacturing managers found that __ and __were the two top priorities.

A

“meeting customer expectations” and “on-time delivery”

97
Q
A

TMS (1 decks)

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