784 STUDY GUIDE - ML784TransportationManagement...

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ML 784 Transportation Management  Midterm 1 Study Guide November 5, 2010  The following topics will be reviewed on midterm 1: CH 1 1. What are the driving forces changing the economic landscape? (pg 4-5) Globalization, technology, consolidation and integration, enlightened consumer, government  policy and regulation  2. What role do retailers play in the supply chain? (pg 4-5) Retailers have come to recognize the importance of efficient and effective supply chains for  delivering the best value price combination for consumers.  3. What role does collaboration play in success of the supply chain? (pg 5) 4. What passenger mode experienced the largest percentage of growth between 1990 and 2006?  (pg 9) a. Air 5. What mode experienced the greatest percentage of growth between 1990 and 2006? (pg 5) a. Rail 6. What is the definition of landed cost? (pg 13) a. Landed cost-  Of the product includes the cost of the product at the source, the cost to  transport the product to its destination, plus any ancillary expenses such as insurance or  landing costs. 7. What is the definition of reliability? (pg 14) a. Reliability-  A carrier selection criterion that considers the carrier transit time variation;  the consistency of the transit time the carrier provides. 8. What are the supply chain flows? (pg 21-23) a. Products and related services - two way flow in the environment of the 21 st  century  because of reverse logistics; directly dependent upon effective transportation  b. Information flow-  The flow or movement of information or data between trading partners  or companies that facilitates commerce or business. c. Financial/“Free” cash flow-  In corporate finance, describes the fiscal condition of  companies with negative working capital who must collect from their customers before  they can pay their vendors or suppliers 9. What are the value of service characteristics? (pg 14) a. Transit time-  can affect the level of inventory held by both the shipper and the receiver  (inventory, stock out costs) b. Reliability-  consistency of transit times (inventory, stock out costs) c. Accessibility-  ability of the transportation provide to move freight between a specific  origin and destination (Transit time, transportation cost)  d. Capability-  ability of the carrier to provide special service requirements (meets products 
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This note was uploaded on 11/04/2010 for the course ECON 520 taught by Professor Kenymyer during the Spring '10 term at Oregon State.

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784 STUDY GUIDE - ML784TransportationManagement...

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