In: Operations Management
Transportation management systems (TMS) provide greater _______ and optimize the _________.
Group of answer choices
a. costing; value chain
b. regulations; demand chain
c. visibility; supply chain
d. profits; internet of things
___________________________________
Supply chains rely on three flows: _______, ___________, and _________.
Group of answer choices
a. regulation; land bridges; demand
b. product; money; information
c. sight; costs; electronic
d. agency; principal; contingent
_________________________________________________
Which mode of transportation is most important in terms of freight ton-miles?
Group of answer choices
a. Air Carriers
b. Rail Carriers
c. Motor Carriers
d. Pipelines
__________________________________________-
Transportation systems are critical to industrialized societies because?
Group of answer choices
a. They allow employees to work longer hours
b. They allow producers to expand their market areas
c. They provide access to recreation areas
d. None of these are correct
________________________________________________________
The volume of global trade over the course of the last 50 years has:
Group of answer choices
a. Remained almost constant
b. Doubled
c. Tripled
d. Decreased
COURSE: PURCHASING
Answer 1: Correct Option C : Visibility , Supply Chain
Transportation management systems (TMS) provide greater _visibility_ and optimize the supply chain. This is the correct option because the TMS helps in making the visibility or locating the vehicles at any time and one can assess the time duration required for the vehicle reach. Thus TMS helps in locating the transportation and help in making the planning accordingly. Thus improving the supply chain and improves the confidence and certainty about supply chain commitments.
Answer 2: Correct Option B : Product , Money and Information
The supply chains rely on the three flows as product, money and information. These three flow helps the supply chain to achieve the business requirements in adequate timeline and at economic basis.
Answer 3: Correct Option C : Motor Carriers
The mode of transportation which s most important in terms of freight ton-miles is motor carriers because it helps in easy carrier and can be easily reach to the target remote location at economic basis.
Answer 4: Correct Option B : They allow the producer to expand their market areas.
Transportation systems are critical to industrialized societies because they allow the producer to expand their market areas and make themselves available in the different market areas which are quite far and away from their production setups.
Answer 5: Correct Option B : Doubled
The volume of global trade over the course of the last 50 years has almost doubled due to increased trade requirement for the global business due to industrialization enhancement.