Questions T/F and Multiple Choice

1 Cross-docking is a form of warehousing that pulls together shipments from a number of sources and combines them into larger economical shipments.

2 Rail can be cost effective for bulky items

3 The use of resources within the organization to provide goods or services are called core competencies.

4 Executive opinions, Sales force composite and Consumer surveys are examples of Quantitative approaches to forecasting.

5 Logistics is the collection of activites which are responsible for the flow & storage of material from point of origin to point of consumption

6 Warehousing is the storing of finished goods and/or sub-assemblies

7 Forecast models are used to make educated guesses about demand and to emphasize any possible demand patterns that may exist.

8 Water mode of transportation is a) most expensive on a per-pound basis b) cost effective for bulky items c) very high speed & reliability d) quickest mode of delivery

9 Which of these is not a type of forecast? A) supply b) demand c) production d) price

10 Smoothing forcasting models a) are good calculation methods for capacity b) reduce the effect of randomness and may show trends & patterns better c) reduce the effect of seasonality d) are good predictors of productivity