clm - pittsburgh roundtable 2004 college challenge 2004 college challenge ground rules final round...

CLM - Pittsburgh Roundtable2004 College Challenge

2004 College ChallengeGround Rules

Final Round

Two teams with top scores from each preliminary round

15 questions (5 5-point, 5 10-point, 5 15-point)

Tie breaker questions used as necessary

Team with highest score is declared the winner!


2004 College ChallengeGround Rules

Schools invited to attend submitted questions and answers in previous years

Questions and answers used this year were reviewed by independent Logistics Full Professor from major University

All decisions of the judges (Pgh. CLM Roundtable) are final!

Competition is lighthearted and fun! So is the outcome! Enjoy!


2004 College ChallengeFinal Round, First Question

• Click to move to question on next page!


Final Round - Question 1

Which of the following is not a characteristic of integrated supply chain management?

A. Increased knowledge of point-of-sale exchanged with suppliersB. Greater management emphasis on deep

functional knowledgeC. Generation of economies of scale and enhanced bargaining power with suppliersD. Lower cost structures due to decreased

inventory levels and administrative costs

5 points


Final Round - Answer 1

Which of the following is not a characteristic of integrated supply chain management?

A. Increased knowledge of point-of-sale exchanged with suppliersB. Greater management emphasis on deep

functional knowledgeC. Generation of economies of scale and enhanced bargaining power with suppliersD. Lower cost structures due to decreased

inventory levels and administrative costs

5 points



In the United States, which of the following modes was deregulated first?

A. railroads

B. trucking

C. air passenger service

D. air freight service

5 points



Which of the following is NOT a commonly cited

benefit of EDI implementation.

A. Improved order accuracy due to a reduction in manual processing

B. Increased speed of transmission of the order and other data

C. Increased paperwork

D. Improved information availability

5 points



All of the following are objectives of materials handling, except: A. move product in bulk form B. standardize handling methods C. make optimum use of building cube D. simplify handling by eliminating

unnecessary movements E. all of the above are materials handling

objectives

5 points



True or False

• The Pareto rule states that 80 percent of customers account for 20 percent of profits.

5 points



TRUE

The Pareto rule states that 80 percent of customers account for 20 percent of profits.

5 points



Assuming constant usage, an increase of 100 units in the order quantity will cause:

A. an increase of 100 units in average inventoryB. a decrease in average inventory of 50 unitsC. an increase in average inventory of 50 unitsD. a decrease of 50 units in average inventoryE cannot be determined--not enough information

given

10 points



Assuming constant usage, an increase of 100 units in the order quantity will cause:

A. an increase of 100 units in average inventoryB. a decrease in average inventory of 50 unitsC. an increase in average inventory of 50 unitsD. a decrease of 50 units in average inventoryE. cannot be determined--not enough information

given

10 points



Which of the following represents an activity that may be completed in a distribution center of the future?

A Filling customer need for product assortment from inventoryB. Placing orders to replenish depleted stock in

the Distribution CenterC. Merging multiple parts of a single customer

order from different suppliers.D. Managing safety stock levels of “A” products

to meet customer demand

10 points



Which of the following represents an activity that may be completed in a distribution center of the future?

A Filling customer need for product assortment from inventoryB. Placing orders to replenish depleted stock in

the Distribution CenterC. Merging multiple parts of a single

customer order from different suppliers.D. Managing safety stock levels of “A” products

to meet customer demand 10 points



Rather than placing inventories of highly seasonal

items year-round in warehouse facilities, many

companies decide to use.A. Spot stocking

B. Larger assortments

C. Smaller assortments

D. Third-party consignment specialists

10 points



Which of the following is an example of an

intermediate customer?

A. The kid who buys a bicycle

B. The buyer at K-Mart headquarters

C. The next person on the production line.

D. The ultimate consumer

10 points



Average cycle stock inventory equals:

A. Half the order quantity.

B. The square root of the order quantity.

C. The order quantity times the turns.

D. The order quantity level.

10 points


Final Round - Answser10

Average cycle stock inventory equals:

A. Half the order quantity.

B. The square root of the order quantity.

C. The order quantity times the turns.

D. The order quantity level.

10 points



Which best describes what is meant by demand management?

A. The management of marketing plans to increase demand for products

B. The effort to strategically influence customer demand positively or negatively

C. The process of estimating customer demand

D. The process of planning supply to meet demand

15 points



A firm has average inventory of $300,000. It orders twice per year. The cost of holding inventory is 15% per year. What is the annual inventory carrying cost?

A. $50,000B. $45,000C. $90,000D. $22,500

15 points


Final Round - Answer12

A firm has average inventory of $300,000. It orders

twice per year. The cost of holding inventory is 15%

per year. What is the annual inventory carrying cost?

A. $50,000

B. $45,000

C. $90,000

D. $22,500

15 points



True or False

JIT seeks to make the supply chain management system more predictable by increasing variance at all levels of the chain

15 points



False

JIT seeks to make the supply chain management system more predictable by increasing variance at all

levels of the chain

15 points



Full manufactured cost is $10/case and variable manufactured cost is $7/case. If an advanced order processing system is installed, it is estimated that, due to an increased number of planning days, average inventory levels can be decreased from 100,000 cases to 50,000 cases. If the inventory carrying cost is 25%, what will be the estimated annual savings in the inventory carrying costs?

Question Continued

15 points


Final Round - Question 14Continued

A. $250,000

B. $87,500

C. $125,000

D. $12,500

E. $50,000

15 points


Final Round – Answer 14

A. $250,000

B. $87,500

C. $125,000

D. $12,500

E. $50,000

15 points



A key dimension of trucking economic regulation involved the designation of truckers as “common carriers” or “contract carriers,” with common carriers being required to serve the public at large on a nondiscriminatory basis. Since passage of the ICC Termination Act of 1995:

Common carrier obligations continue despite partial economic deregulation

Common carriage continues but contract carriage does notRate regulation of individual carrier pricing continuesContract carriage continues but common carriage does not

There is no longer a distinction between common and contract carriage

15 points


Final Round - Question 15Continued

A. Common carrier obligations continue despite partial economic deregulation

B. Common carriage continues but contract carriage does not

C. Rate regulation of individual carrier pricing continues

D. Contract carriage continues but common carriage does not

E. There is no longer a distinction between common and contract carriage

15 points



A. Common carrier obligations continue despite partial economic deregulation

B. Common carriage continues but contract carriage does not

C. Rate regulation of individual carrier pricing continues

D. Contract carriage continues but common carriage does not

E. There is no longer a distinction between common and contract carriage

15 points


Final Round – Tie Break 1 Question

Which mode currently carries the largest share of

intercity freight ton-miles in the U.S.?

A. air

B. rail

C. water

D. motor

E. pipeline

15 points


Final Round – Tie Break 1 Answer

Which mode currently carries the largest share of

intercity freight ton-miles in the U.S.?

A. air

B. rail

C. water

D. motor

E. pipeline

15 points



In the U.S. following deregulation, and absent

contract language otherwise, trucking companies are:

A. Not liable for damage to goods

B. Are only liable for up to $2.00/pound of damage

C. Are only liable if there are no “Acts of God” that contribute to the damage

D. Liable for the full value of any damage

E. Liable for up to $10/pound of damage

15 points



If a firm decides to order more than the economic

order quantity what will happen?

A. annual ordering costs will decrease

B. annual inventory carrying costs will decrease

C. total annual costs will decrease

D. all of the above

E. none of the above

15 points



Which of the following is not a benefit of

EDI?

A. Electronic funds transfer

B. Increased data accuracy

C. Increased productivity

D. Better assortment of goods

15 points



You have been tasked with cutting costs in your DC. Which of the following would you do?

A. Lower customer service levels to allow the Distribution Center to store less safety

stockB. Build additional storage capacity with

automated material handling capabilitiesC. Cross-dock deliveries from suppliers to

customers for high turn itemsD. Decentralize distribution to more facilities

located closer to markets15 points

clm - pittsburgh roundtable 2004 college challenge 2004 college challenge ground rules final round...

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