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APPRAISAL and TRANSPO > TRANSPO > Flashcards

TRANSPO Flashcards

1
Q

largest expenditure in logistics

A

Transportation

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2
Q

Is the movement of goods and people from one place to another.

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

True/False

Without transport the whole world would be stagnant and movement of goods and human beings would have been nearly impossible.

A

True

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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 in transportation

A
  1. between using for-hire carriers or,
  2. a 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. 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 System or TMS

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7
Q

deals with the principles, systems, processes, and best practice methodologies, and tools that will help equip the practitioner or operator with the needed skills and know how to better perform in this highly competitive logistics industry.

A

Transport operations management module

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7
Q

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

A

Transportation management

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8
Q

two major logistics services

A

Product Movement
Product Storage

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9
Q

whether in the form of materials, components, work in process, or finished, the basic value provided by transportation is to move inventory to specified destinations throughout the supply chain.
goods

A

Product Movement

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10
Q

True or False

performance of transportation is vital to procurement, manufacturing, and customer relationship management.

A

True

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11
Q

a less visible aspect of transportation .

A

Product Storage

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11
Q

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

A

transport vehicles

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11
Q

another transport service having storage implications

A

Diversion

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11
Q

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

A

Diversion

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12
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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12
Q

source and destination of transportation

A

may be in the same country, or one may be in a different country requiring international movement

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12
Q

role of transport

A

to facilitate the movement of goods from points of manufacture, storage or prepositioning, to points of use; or between hubs and distribution points; or hubs to end use; or distribution points to end use; or return from end use back to hub and prepositioning points or manufacturers

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13
Q

who State this “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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14
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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15
Q

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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15
Q

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

A

operating plan

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16
Q

which explains specific department objectives within an active organization

A

operational plan

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17
Q

Why do organization Write operating plan?

A

to reduce risk, enhance productivity, create efficient systems and establish protocols

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18
Q

It considers the integration of internal and external support functions

A

Effective Planning

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19
Q

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

A

Shipper

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19
Q

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

A

Recipients/Consignee

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19
Q

Five Main Stakeholders Involved In Transportation Decision

A
  1. Shipper/Consignor
  2. The recipient (consignee)
  3. Carrier and agents
  4. The government
  5. The public
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20
Q

a person that enters into a contract of carriage with a carrier and also known as consignor.

A

Shipper

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21
Q

the business that performs a transportation service

A

Carrier

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22
Q

wants to charge their customers the highest freight rate possible while minimizing labor, fuel, and vehicle operating cost.

A

Carrier

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23
Q

True or False

To achieve this objective, the carrier seeks to coordinate pickup and delivery times for a group of shippers to achieve efficient operations

A

True

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24
Q

are transport agent that facilitates carrier and customer matching

A

Brokers and Freight forwarders

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25
Q

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

A

Government

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26
Q

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

A

Government

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26
Q

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

A

Government

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26
Q

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

A

Public

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27
Q

The final transportation system participants

A

Public

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28
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

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29
Q

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

A

TRUE

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30
Q

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

A

TRUE

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31
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.

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32
Q

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

A

TRUE

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33
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.

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33
Q

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

A

TRUE

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33
Q

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

A

TRUE

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34
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

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35
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

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35
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.

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35
Q

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

A

TRUE

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36
Q

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

A

TRUE

36
Q

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

A

TRUE

36
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

36
Q

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

A

TRUE

37
Q

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

A

FALSE

37
Q

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

A

TRUE

38
Q

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

A

TRUE

39
Q

TOF: Ecommerce freight transportation is declining

A

FALSE

40
Q

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

A

TRUE

41
Q

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

A

TRUE

41
Q

TOF: TMS software is only useful for large businesses.

A

FALSE

41
Q

TOF: TMS software can eliminate all shipping expenses

A

FALSE

42
Q

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

A

TRUE

43
Q

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

A

TRUE

44
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

45
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

46
Q

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

A

TRUE

47
Q

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

A

TRUE

48
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

49
Q

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

A

TRUE

50
Q

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

A

FALSE

51
Q

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

A

TRUE

51
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

51
Q

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

A

FALSE

52
Q

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

A

FALSE

53
Q

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

A

TRUE

54
Q

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

A

TRUE

55
Q

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

A

TRUE

55
Q

shouldsimplify and reduce the cost of shippingfor manufacturers, distributors, retailers, and third-party logistics (3PL) provider

A

good TMS platform

56
Q

TOF:A lack of an integrated TMS platform leaves companies unable to smoothly process orders, track them, and establish how well their processes are working for their bottom line.

A

TRUE

57
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

58
Q

FIVE MAJOR WORK FLOW OF TRANSPORTATION MANAGEMENT

A

SHOP
SHIP
TRACK
ANALYZE
AUDIT

58
Q

analyzing the expenses, routes, service levels, and more

A

ANALYZE

58
Q

ensuring all carrier charges are accurate and processing refunds

A

AUDIT

58
Q

processing the shipment to get it to its destination

A

SHIP

58
Q

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

A

SHOP

59
Q

tracking the inbound and outbound shipments of goods and raw materials

A

TRACK

60
Q

the six main modes of transportation

A

road
maritime
air
rail
intermodal
pipeline

61
Q

The first, and most common mode of transportation in logistics

A

Road transportation

62
Q

It has been around longer than mode and is utilized the most of any mode in logistics

A

Road transportation

63
Q

the most versatile of the four main modes with the least geographical constraints

A

Road transportation

64
Q

only mode that performs door-to-door d

A

road

65
Q

TOF: Consequently, most shipments that initially were carried by another mode of transportation are completed by road transportation.

A

TRUE

66
Q

TOF: Anything that can be shipped in small-to-medium quantities can be shipped by road

A

TRUE

67
Q

TOF: shipments larger than 150lbs. are considered freight and require a truck

A

TRUE

67
Q

The two main forms of road transport

A

Less-than-Truck-load (LTL) and Full Truck Load (FTL).

68
Q

smaller shipments (primarily palletized shipments) to their respective locations along a specified route

A

LTL Transport

69
Q

known as the Hub and Spoke model

A

system of transportation

69
Q

advantage of LTL

A

the shipper only pays for the portion of the truck occupied by their freight while the rest is payed for by the shippers using the rest of the truck

70
Q

disadvantages of LTL

A

the multiple stops and transfers that the shipment undergoes end route to its destination

70
Q

TOF: A shipment will be transferred multiple times to different trucks along the route much like a passenger on a plane will be transferred to different planes en route to their destination. This results in a longer shipping time and the possibility of the shipment being damaged

A

TRUE

71
Q

much faster than LTL because it does not operate on a hub and spoke model

A

FTL

72
Q

Dis advantage pf FTL

A

FTL is that a shipper must ship a lot of freight in order to make the shipment economical

73
Q

main downside to road transport

A

the external influences that play into its effectiveness, primarily weather, traffic, and road regulations, three things that mostly don’t influence other modes

73
Q

Cargo ships travel on almost every major body of water and have capacity to transport the highest volume of freight of any mode of transportation at the lowest cost

A

Maritime Transportation

73
Q

drawbacks OF ROAD TRANSPORT

A

shipping environment it has become increasingly difficult to find truck drivers. This capacity shortage has led to an increase in intermodal transportation.

74
Q

disadvantage of maritime cargo ships

A

the speed at which they operate

75
Q

TOF: maritime is the slowest mode of transportation

A

TRUE

76
Q

TOF: the carbon emissions produced by one cargo ship are equivalent to the emissions produced by 50 million cars

A

TRUE

77
Q

newest mode of transportation

A

AIR TRANSPORTATION

78
Q

The closest alternative to maritime shipping

A

air shipping

79
Q

The newest mode of transportation Airplanes are becoming increasingly important in domestic and international trade

A

Air Transportation

79
Q

confined to a more limited infrastructure than road transport

A

Rail transport

80
Q

TOF: As a defining trait, locomotives (trains, monorails, etc.) are confined to a traced path going between point A and B with very few points of divergence

A

TRUE

80
Q

are costly and time consuming to construct and only a few new
ways have been constructed since the early 1900’s

A

RAILWAYS

81
Q

TOF: railways are limited to semi-level geographic areas making construction increasingly laborious

A

TRUE

82
Q

primarily only accessible in large metropolitan areas. This attribute makes rail one of the primary players in the intermodal transportation.

A

RAILWAYS

83
Q

TOF: The rail vehicle is not influenced by traffic, points of diversion, and switch offs between modes

A

TRUE

83
Q

commonly carry bulk cargo items such as coal, corn, iron, ore, and wheat, items that would be uneconomical to ship by truck.

A

TRAINS

83
Q

one shipment is completed using multiple modes of transportation

A

INTERMODAL TRANSPORTATION

84
Q

The purpose OF INTERMODAL TRANSPORTATION

A

to take advantage of the individual strengths of the different modes, thus reducing costs

85
Q

standard size for intermodal containers

A

8’ wide and 20’ or 40’ long, There is no set standard for height; however, most containers average 8.5’ in height

86
Q

not a formal mode of transportation in the traditional sense

A

Pipeline shipping

87
Q

TOF: Pipeline transportation is important to acknowledge for its importance in the current fossil fuel market

A

TRUE

87
Q

transport unrefined fossil fuels such as gas and oil from their point of origin to the point where they can then be transferred to the refineries or another mode of transportation.

A

Pipeline

88
Q

involves the integration of digital technologies to enhance and streamline various aspects of the supply chain process

A

Digital transformation in the supply chain

88
Q

where did the pipeline built?

A

above ground, underground, or underwater making them ideal for offshore drilling

88
Q
A

APPRAISAL and TRANSPO (2 decks)

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