Test 2

Question 1

RFID

Answer 1

Radio Frequency Identification

Question 2

RFID Issues

Answer 2

Cost
Standardization
Performance Restrictions
Applications

Question 3

EOQ

Answer 3

Economic order quantity

Question 4

Cyclical inventory

Answer 4

By: location, product, event, usage

Question 5

Physical inventory

Answer 5

When
How
Why

Question 6

DMPO

Answer 6

Defect Per Million Opportunities

[# of defects/(OFD percent*# of units)] x 1,000,000

Question 7

OFD

Answer 7

Opportunities for a defecto to occur

Question 8

PDS Third Party Logistics

Answer 8

Incorporates:
•warehousing
•cross docking 
•packaging
•consolidation

Question 9

Objectives of transporation

Answer 9

Balance expense and service
The right method(ocean, air, land)
The right interface
The right volume
The right service
The right price

Question 10

Legal forms of transportation

Answer 10

Common carriers-public (ups)
Contract carriers-are often common
Exempt carriers-exempt products(coal/agriculture)
Private carriers-personal fleet

Question 11

Modes of transporation

Answer 11

Motor
Rail
Air
Water
Pipeline
Intermodal transportation

Question 12

Intermodal of transportation

Answer 12

Double stack
Hump
Auto trains
Special OJ Juice

Question 13

Transportation pricing strategies

Answer 13

• Cost of service (shippers)-fixed or variable based on volume &distance
• value of service(carriers)-highest level market will bear
• Negotiated pricing-balance- based on loyalty of relationship

Question 14

Cargonet

Answer 14

New concept- global information- routing, etc

Question 15

TWIC

Answer 15

Transportation Worker Identification Credential

Question 16

Warehousing and distributions types of operations

Answer 16

• breakbulk
• cross-docking
• distribution centers
• EOQ situations
• Raw materials
• staged WIP
• consolidation

Question 17

Reasons for Public or 3PL warehousing

Answer 17

•risk pooling
-business demand fluctuates
-multiple users can help offset
highs and lows

•warehouse location decisions
 -Market position strategy-customer
 -product position strategy-  
   resource/vendor/port of entry
 -intermediate position strategy-balance

Question 18

Lean warehousing

Answer 18

• optimize cross docking
• reduce lot sizes and shipping quantities
• commitment to customers and service quality
• increase automation
• increase assembly and value-added services

Question 19

Transportation Intermediaries

Answer 19

• freight forwarders-stage for shipping
• transportation brokers-rate/availability negotiation
• shippers association-small business consolidation
• intermodal marketing companies-planners for transitional logistics

Question 20

Types of warehouses

Answer 20

• consolidation-combine LTLs to create TL shipping
• private-user owned
• public- contracted service like 3PL

Question 21

TMS

Answer 21

Transportation Management Systems

Question 22

WMS

Answer 22

Warehouse Management Systems

Question 23

RMS

Answer 23

Returns Management System

Like a reverse PO system, authorizes, schedules and tracks return movement, interfaces with accounting for credits and charges

Question 24

Resource planning

Answer 24

Determining the production capacity required to meet demand.
Capacity= maximum work load for a given period
Goal
-no underutilization of resources
-no unfilled demand

Question 25

Resource Planning issues

Answer 25

• variance in demand levels
• bad forecasts
• resource failures

Question 26

Resource Planning effects of failure

Answer 26

• missed due dates
• stock-outs
• downstream bullwhip (cant deliver)

Question 27

ARP

Answer 27

Aggregate Production Planning

Question 28

MPS

Answer 28

Master Production Schedule

Question 29

MRP

Answer 29

Material Requirements Planning

Question 30

MRP II

Answer 30

Manufacturing Resource Planning

Question 31

ERP

Answer 31

Enterprise Resource Planning

Question 32

DRP

Answer 32

Distribution Requirement Planning

=customer demand - (on hand + in transit)

Question 33

ATP

Answer 33

Available to Promise

On hand + planned production - known demand

Question 34

BOM

Answer 34

Bill of Materials

Question 35

ERP implementation success requires?

Answer 35

Computer support

Timely and accurate input

Question 36

ERP Failure

Answer 36

• lack of top management commitment
• lack of adequate resources
• lack of proper training
• lack of communication
• wrong environment