SCMT- 2103 UARK STEPHANIE
THOMAS FINAL EXAM
The objective of Walmart's early network design strategy was to: - Correct Answers -
Locate stores close to a Distribution center
Some companies do not outsource because they do NOT want to ________________.
- Correct Answers -lose their ability to manage the activity
The term _________today refers to a firm that supplies logistics and possibly other
SCMT services - Correct Answers -third-party logistics (3PL)
Economies of scale is defined as a reduction in_____________when volumes are in
increased. - Correct Answers -average cost per unit
Safety stock is - Correct Answers -the expected number of units on hand just before a
replenishment is received and available for use or sale
_______________is the idea that there are many other costs than just the acquisition
cost that should be accounted for in purchase. - Correct Answers -Total cost of
ownership
The ____________component of customer service includes such factors as availability
of spare parts, technical support, feed back and complaint processes etc. - Correct
Answers -Post transaction
______________is when a retailer thinks there is more inventory than there actually is.
- Correct Answers -Phantom Inventory
_______________tells you the % of demand fulfilled from on hand inventory. - Correct
Answers -the % item fill rate (IFR)
One of the direct effects of an increase in transportation cost is to reduce _____. -
Correct Answers -ROA
ROA is profit divided by _____. - Correct Answers -Assets
Inventory turn is _______divided by _______ - Correct Answers -Sales or COGS:
Inventory
, Logisitcs lead time is the time_______ - Correct Answers -from when an order is placed
until its actually received and ready for use or sale.
Which component of demand represents the degree to which the data is increasing or
decreasing over time? - Correct Answers -Trend
Noise is random variation in demand that ______. - Correct Answers -cannot be
explained
Time series methods are quantitative methods based on assumption that ______
demand is reflected in _________ demand patterns. - Correct Answers -future;past
Casual models might be best used for_________forecasting while time series model
are mostly use for _______forecasting. - Correct Answers -long term;short term
As the number of periods included in a moving average forecast model _______, the
forecast becomes ___________ responsive. - Correct Answers -decreases;more
A_______________ is a set of 3 or more organizations directly linked by one or more of
the upstream and downstream flows of products, services,finances, and info from a
source to a customer. - Correct Answers -Supply Chain
A strategic alliance relationship is characterized as having: - Correct Answers -Heavy
resource commitments and high switching costs
A supply chain manager working for Apple is weighing some trade-offs of a new product
to be introduced. A marketing manager is proposing the new product be made in 40
different colors with 20 different features that can be a part of the final product. The
supply chain manager knows that all these different choices will add complexity and
cost to the product. To make a decision on the colors and features, the supply chain
manager must evaluate which type of supply chain trade-off? - Correct Answers -
Product variety-Inventory
An arm's length relationship is characterized as having: - Correct Answers -Little or no
collaboration and low switching costs
As a firm increases spending for transportation services, the cost of lose sales should -
Correct Answers -decrease
Friendships allow managers to better assess the personal and business-related
characteristics of their counterparts which leads to which of the following categories of
actions? - Correct Answers -Enhance personal and business understanding
Friendships allow managers to cultivate loyalty and reciprocity which can lead to which
of the following categories of actions? - Correct Answers -Enhance Business volume
THOMAS FINAL EXAM
The objective of Walmart's early network design strategy was to: - Correct Answers -
Locate stores close to a Distribution center
Some companies do not outsource because they do NOT want to ________________.
- Correct Answers -lose their ability to manage the activity
The term _________today refers to a firm that supplies logistics and possibly other
SCMT services - Correct Answers -third-party logistics (3PL)
Economies of scale is defined as a reduction in_____________when volumes are in
increased. - Correct Answers -average cost per unit
Safety stock is - Correct Answers -the expected number of units on hand just before a
replenishment is received and available for use or sale
_______________is the idea that there are many other costs than just the acquisition
cost that should be accounted for in purchase. - Correct Answers -Total cost of
ownership
The ____________component of customer service includes such factors as availability
of spare parts, technical support, feed back and complaint processes etc. - Correct
Answers -Post transaction
______________is when a retailer thinks there is more inventory than there actually is.
- Correct Answers -Phantom Inventory
_______________tells you the % of demand fulfilled from on hand inventory. - Correct
Answers -the % item fill rate (IFR)
One of the direct effects of an increase in transportation cost is to reduce _____. -
Correct Answers -ROA
ROA is profit divided by _____. - Correct Answers -Assets
Inventory turn is _______divided by _______ - Correct Answers -Sales or COGS:
Inventory
, Logisitcs lead time is the time_______ - Correct Answers -from when an order is placed
until its actually received and ready for use or sale.
Which component of demand represents the degree to which the data is increasing or
decreasing over time? - Correct Answers -Trend
Noise is random variation in demand that ______. - Correct Answers -cannot be
explained
Time series methods are quantitative methods based on assumption that ______
demand is reflected in _________ demand patterns. - Correct Answers -future;past
Casual models might be best used for_________forecasting while time series model
are mostly use for _______forecasting. - Correct Answers -long term;short term
As the number of periods included in a moving average forecast model _______, the
forecast becomes ___________ responsive. - Correct Answers -decreases;more
A_______________ is a set of 3 or more organizations directly linked by one or more of
the upstream and downstream flows of products, services,finances, and info from a
source to a customer. - Correct Answers -Supply Chain
A strategic alliance relationship is characterized as having: - Correct Answers -Heavy
resource commitments and high switching costs
A supply chain manager working for Apple is weighing some trade-offs of a new product
to be introduced. A marketing manager is proposing the new product be made in 40
different colors with 20 different features that can be a part of the final product. The
supply chain manager knows that all these different choices will add complexity and
cost to the product. To make a decision on the colors and features, the supply chain
manager must evaluate which type of supply chain trade-off? - Correct Answers -
Product variety-Inventory
An arm's length relationship is characterized as having: - Correct Answers -Little or no
collaboration and low switching costs
As a firm increases spending for transportation services, the cost of lose sales should -
Correct Answers -decrease
Friendships allow managers to better assess the personal and business-related
characteristics of their counterparts which leads to which of the following categories of
actions? - Correct Answers -Enhance personal and business understanding
Friendships allow managers to cultivate loyalty and reciprocity which can lead to which
of the following categories of actions? - Correct Answers -Enhance Business volume
