烟台大学现代物流试题1以及答案

烟台大学现代物流试题1以及 学生姓名_________ 学号______________院系___________ 班级___________ -------------------密----------------------封----------------------------线------------------- 烟台大学200 ,200 学年第 学期 现代物流(双语授课)试卷A 考试时间为120分钟 题号 一 二 三 四 五 六 七 八 九 十 总分 得分 阅卷合分 人 人 ?. Multiple choice or single choice (30points, 2points for each) 1. Which of the following are correct about logistical integration?( ) a. The first stage is materials management b. When all logistics activities are coordinated within a firm, it’s believed that the firm has realized the functional integration c. Companies must integrate their internal logistics operations before realizing external integration d. The highest level of logistics integration is supply chain integration 2. Effective communication must take place between: ( ) a. the major functions of the company b. the various logistics activities c. the member companies across a supply chain d. the various components of each logistics activity 3. If there are 50 specialized producers, the number of decentralized transactions and the ratio of intermediary advantage become _____ and ______ respectively. ( ) a. 1225; 24.5 b. 2450, 24.5 c. 1225, 49 d. 2450, 49 4. which expressions are not correct? ( ) a. The demand for outbound transportation is stable. b. The demand for inbound transportation is more predictable. c. Generally the inbound freight is separately calculated. d. firms exercise more control over outbound transport. ? From the focal firm’s perspective, a supply chain may include the following components___. ( ) a. internal functions b. direct suppliers c. indirect suppliers d. customers e. the reverse networks ? When an indirect channel structure is used,_________.( ) a. management can greatly control over the performance of functions b. distribution costs normally are lower c. the firm should have substantial sales volume or market concentration d. the external agencies assume much of the cost burden and risk ? It is the ______that is more important to the shipper rather than _______from terminal to terminal.( ) a. total transit time, the time in transit b. total transit time, the transit time; c. the time in transit, total transit time; d. Total turnover time, the transit time ? The sourcing problems in international market include__________. ( ) a. licence and foreign exchange difficulties b. the relatively low price c. political instability or risk d. quality inconsistency of certain imported items ? The reasons for forward buying include_________. ( ) a. minimizing the effects of future rising material costs b. providing protection against future availability problems c. obtaining purchase discount d. realizing more savings from it than the additional inventory carrying cost ? _________ can be thought of as the output of the logistics function.( ) a. distribution b. customer service c. order processing d. inventory level ? The most common strategies used to improve return on assets are_____.( ) a. increasing assets b. reducing accounts receivable c. speeding up the inventory turnover d. increasing sales ? Which of the following are correct about reverse logistics? ( ) a. It includes returns, defectives, packaging material and dead stock b. It is an inevitable part of a logistics system c. It is also known as “environmentally responsible logistics” d. The costs of returned goods handling are normally high. ? Generally speaking, which expressions are right? ( ) a. Order interval is always equal to lead time b. Lead time is equal to customer order cycle c. order interval is equal to or more than lead time d. order interval is equal to or less than lead time ? To the purchasing management, ____________( ) a. the purchasing manager should obtain high quality materials with higher price b. the purchasing manager should purchase products with low price c. the purchasing manager should obtain adequate quality materials specified by manufacturing with relatively lower price d. purchasing materials that needlessly exceed quality specification will add unnecessary costs to the ultimate product 15. Which of the following are correct about the third-party logistics providers?( ) a. Generally speaking, total logistics cost can be reduced b. They are able to consolidate business from several companies c. They entirely depend on their own facilities to provide service d. They help manufacturers focus more attention and resources on the core business ?. Please explain the following terms (12 points，3 points for each) 1. channel of distribution 2. cycle stock 3. forward buying 4. customer order cycle ?. Comprehensive understanding(20 points，5 points for each ) 1. The production of large quantity of product for each line change results in a lower per-unit cost on a full cost basis, as well as more units for a given plant capacity. 2. Channel management is particularly important in mature and declining markets and during periods of economic slowdown when market growth cannot conceal inefficient. 3. Although cost is one of the most important considerations in material acquisition, quality control is also vital. 4. To adopt TPL will be helpful to reduce the firm’s cost. ?. Calculation and case studies(30 points，15 points for each) ? Please calculate and answer how a system change would affect corporate return on net worth.. ABC co. has sales of $100 million, cost of goods sold of $60 million, variable expenses of $15 million, fixed expenses of $17 million. On the balance sheet, current assets of $25 million are composed of inventory of $17 million, accounts receivable of $6 million and other current assets of $2 million; the fixed assets are $15 million. Financial leverage is 2. Assume that: a. The rate of income taxes is 50% b. If the company adopts an advanced processing system, it can result in a $8million reduction in inventories on a company-wide basis. The $8 million reduction would be invested in a new plant equipment. These investments would be depreciated on a straight line basis over a 8-year period. On the other hand, it is estimated that the annual cost of the advanced system will be $550,000; the savings in transportation and warehousing costs will be $350,000 c. The new investment would generate a return of 8% after taxes. d. The inventory carrying cost would be 10% of the average inventory value. 2. ABC.Co. is a wholesaler of canned foods, usually the co. orders 250 cases of fruit cocktail each week, and the annual volume is about 13000 cases. The purchase price is $10 per case, the ordering cost is $15 per order and the inventory carrying cost is 45% per year. Assume that: a. ABC co. pays the freight b. The freight rate is $5 per hundred weight for shipments of less than 15,000 pounds and $4.70 per hundred weight on shipments of 15,000 to 30,000 pounds. Shipments of more than 30,000 pounds receive a truckload rate of $4.20 per hundred weight. c. The canned fruit cocktail weighs 20 pounds per case. d. Orders are all shipped on pallets of 20 cases. As a purchase manager, how would you make your decision? ?. Answer the following question( 8 points). How do you understand supply chain management? 烟台大学20 ,20 学年第一学期 现代物流(双语授课)试卷A参考答案及评分标 准 考试方式: 闭卷 (开卷、闭卷、其他) 年级: 专业: 院系: ………………………………………………………………………………………… ….. ?. Multiple choice or single choice (共30分,每题2分) 1(bcd 2. abcd 3. a 4.ac 5.abcde 6.bd 7.b 8.acd 9.ab 10.b 11.bcd 12.bcd 13.bcd 14.cd 15.abd ?. Please explain the following terms(共12分，每题3分) 1.channel of distribution: is the collection of organization units(1分)which performs one or more marketing functions.(2分) 2.cycle stock: is a stock that results from replenishment process(1分)that is, when the firm can predict demand and lead time perfectly.(2分) 3. forward buying: is the purchase of materials exceeding current requirement(2分) well in advance of need and time. (1分) 4. customer order cycle: is the whole time elapsed(1分) from the placement of order until the products are received and placed into the customer’s inventory. (2 分) ?. Comprehensive understanding(共20分，每题5分) 1. If the products are produced in a large quantities , the plant can purchase the material in a large quantity, so they can get a price discount and a discount of freight rate, (2分)they can realize economies of scale and improve the productivity, so they can get a lower per-unit cost on a full cost basis, as well as more units for a given plant capacity. (3分) 2. Channel management can lower transportation costs(1分) , lower inventory carrying cost(1分) , lower order processing and handling costs, (1分) lower the field warehousing costs(1分) and get fewer bad debts, (1分) so it is particularly important in mature and declining markets and during periods of economic slowdown 3. The initial purchase of an item is only one element of the total cost. (1分) Companies must achieve some balance between the components of the acquisition , namely price, cost, and value received. (1分) After the quality level has been determined ,it becomes purchasing’s responsibility to secure the proper materials. The correct quality specification must be given to suppliers. The vendor that offers the best cost/quality packages should be selected. (1分) But purchasing materials that needlessly exceed quality specification add unnecessary costs to the ultimate product. (2分) 4. Third-party logistics providers cut across multiple logistics functions and primarily coordinate all the logistics functions and sometimes act as a provider of one or more functions. (2分)The primary objectives of TPL is to lower the total cost of logistics , to reduce operating costs of manufacturers and to improve the service level of customer by its specialized service and strengthen core competency of the firm. (3 分) ?. Calculation and case studies(共30分，每题15分) 1(Before the system is changed: profit after tax: (100-60-15-17)(1-50%)= 4 million (1分) total assets: 25+15=40 million(1分) return on assets: 4/40*100%=10%(2分) return on net worth: 10%*2=20%(2分) After the system is changed: Profit after tax: 4+8*8%+(0.35-0.55+8*10%-8/8)*(1-50%)=4.44million(3分) net worth: 40/2=20 million(3分) return on net worth: 4.44/20=22.2%(3分) So the system change would cause the corporate return on net worth to increase from 20 percent to 22.2 percent. 2. (1) for shipments of less than 15,000 pounds the freight per case: 5/100*20=$1 (1分) 2，15，130002PD0,, Q = 280 cases(2分) CV45%，11 Then the number of orders will be 47 times. (1分) The least total logistics cost = 47*280*1+ 47*15+1/2*(280*11)*45%=14558(1分) (2)for shipments of 15,000 to 30,000 pounds 11,(10，4.70/100，20) r = = 0.55%(1分) 11 0.55%，13000rD10，,，(1,r) Q= 2 Q= 2+ (1-0.55%)280 =596.24cases600 cases45%C (2分) Then the number of orders will be 22 times. (1分) The least total logistics cost = 22*600*0.94 + 22*15+1/2*(600*10.94)*45%=14214.9(1分) (3) for shipments of more than 30,000 pounds 11,(10，4.20/100，20) r = =1.45%(1分) 11 1.45%，13000rD20，, Q= 2 Q= 2+ (1-1.45%)280 =1113.72 cases1120 ，(1,r)45%C cases(2分) Then the number of orders will be 12 times. (1分) The least total logistics cost = 12*1120*0.84 + 12*15+1/2*(1120*10.84)*45%= 14201.28(1分) As a purchasing manager, I should choose to order 280 cases each time and 47 times in a year. ?. Answer the following question( 共8分). SCM encompasses the planning and management of all activities involved in sourcing and procurement, conversion, and all logistics management activities. Importantly, it also includes coordination and collaboration with channel partners, which can be suppliers, intermediaries, third-party service providers, and customers. In essence, supply chain management integrates supply and demand management within and across companies.(2分) SCM is an integrating function with primary responsibility for linking major business functions and business processes within and across companies into a cohesive and high-performing business model . (2分) The philosophy of SCM is to achieve strategic advantage, the overall objective is to maximize value & lower waste through the management of the flow of materials across the supply chain. (2分) The management bases of SCM are the application of information systems and technologies and information sharing across chain partners and Developing and 2分) maintaining supply chain relationships. (