Which of the following statements regarding transportation negotiation is correct?

• A.The lowest possible rate must be consistent with the level of service required.
• B.The lowest possible cost for transportation is the lowest total cost of logistics.
• C.The key to effective negotiation is to maximize distributor profitability.
• D.The key to building solid career relationships is the acceptance of a carrier's rate.

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In order to achieve economies of scale, a manufacturer is interested in producing large quantities. Which of the following functions of inventory will assist the manufacturer in achieving this goal?

• A.Buffering uncertainty
• B.Decoupling
• C.Balancing supply and demand
• D.Geographical specialization

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Which of the following is a document that itemizes in detail the contents of a shipment to acustomer but that is not used for governing the shipment's transportation?

• A.advance shipping notice
• B.bill of lading
• C.bill of materials
• D.packing slip
• E.invoice

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To what point in the supply chain does most executives tend to focus their efforts on whenmanaging their supply chain?

• A.point of consumption
• B.point of purchase
• C.point of supply
• D.point of manufacturing

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The value that logistics provides within the supply chain can best be summarized as:

• A.establishing inventory and delivery goals with various customers that fulfill the firm's profit objectives.
• B.satisfying customer expectations about availability and delivery at an acceptable total cost.
• C.providing accurate in-transit and delivery information to customers and salespeople.
• D.meeting promised location and on-time delivery goals with minimal use of expediting.

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