SCMT 2103 FINAL EXAM 2026/27
QUESTIONS AND ANSWERS
(GRADED A+)
How do management and Leadership differ? - ANSWER-Leaders Innovate;
managers execute
Safety Stock is ____? - ANSWER-the expected number of units on hand when the
next replenishment arrives
which of the following is the standardized test commonly required for entrance into
MBA Programs? - ANSWER-GMAT
Frito lay places an order for copy paper with staples. the order is placed online.
which type of buying would this be an example of? - ANSWER-Purchasing
Which logistics service provided by 3PLs is most commonly used by organizations? -
ANSWER-Domestic Transportation
what is the leading critical issue in the trucking industry today? - ANSWER-Driver
shortage
Resilience in the 4 R's of supply chain competition is defined as being able to ____ -
ANSWER-deal with unexpected disruptions in the supply chain
which of the following is a fundamental concept of logistics management? -
ANSWER-there are tradeoffs among many of the logistics costs and customer
service targets
an MBA is often a necassary degree to reach what level of employment? -
ANSWER-Strategic
what are the major modes of international transportation? - ANSWER-water and air
Supply chain strategy defines the connection of activities and functions throughout
the value chain, in order to fulfill the business_______________ to customers in a
__________________. - ANSWER-Value Proposal; marketplace
According to the ATA, what would the potential impact of a truck stoppage on the
banking and finance industry? - ANSWER-Cash resources are depleted within days.
companies lose access to cash. regular transaction processing will cease.
the long tail of demand refers to an increased _____ - ANSWER-number of SKUs
, A negotiator that likes to solve problems in creative ways and seeks the best solution
for all involved is likely to use which type of negotiation strategy? - ANSWER-
Collaborating
over the past several decades, power has shifted in the supply chain from _______
to _______ - ANSWER-retailers; manufacturers
to which type of system is WMS usually connected? - ANSWER-ERP
what does 3PL stand for? - ANSWER-Third Party Logistics
vision picking is a cutting edge technology that is being incorporated into which area
of the supply chain? - ANSWER-warehouse
which of the following is the software category that develops graphical dashboards
for managers to evaluate them? - ANSWER-Business Intelligence
updating and maintaining inventory information in a distribution center is a primarily
function of which type of system? - ANSWER-WMS
which companies collaboratively pioneered the sharing of POS data? - ANSWER-
Walmart and JB Hunt
lowes has a cash to cash cycle of 24 Days. Home Depot has a cash to cash cycle of
20 Days. based on that information which of the following is true? - ANSWER-Home
Depot manages their cash to cash cycles more efficiently than Lowes
when logistic costs increase, profit will - ANSWER-decrease
a custom dream home is likely manufactured using which type of process layout? -
ANSWER-Project
Which is the Primary Meaning of postponement? - ANSWER-Delay
Snacks like Hostess Twinkies are likely manufactures using which type of process
layout? - ANSWER-Assembly Line
as a firm increases spending for transportation services, the cost of lose sales
should - ANSWER-decrease
Profit divided by Assets is _______ - ANSWER-Return on Assets
according to Clayton Christensen, highly driven people should focus on better
allocating their resources. what does this mean? - ANSWER-people need to decide
how to divide their time between their many "businesses"
if a company palces a replenishment order on the same day each month which
policy is being used? - ANSWER-Periodic review
QUESTIONS AND ANSWERS
(GRADED A+)
How do management and Leadership differ? - ANSWER-Leaders Innovate;
managers execute
Safety Stock is ____? - ANSWER-the expected number of units on hand when the
next replenishment arrives
which of the following is the standardized test commonly required for entrance into
MBA Programs? - ANSWER-GMAT
Frito lay places an order for copy paper with staples. the order is placed online.
which type of buying would this be an example of? - ANSWER-Purchasing
Which logistics service provided by 3PLs is most commonly used by organizations? -
ANSWER-Domestic Transportation
what is the leading critical issue in the trucking industry today? - ANSWER-Driver
shortage
Resilience in the 4 R's of supply chain competition is defined as being able to ____ -
ANSWER-deal with unexpected disruptions in the supply chain
which of the following is a fundamental concept of logistics management? -
ANSWER-there are tradeoffs among many of the logistics costs and customer
service targets
an MBA is often a necassary degree to reach what level of employment? -
ANSWER-Strategic
what are the major modes of international transportation? - ANSWER-water and air
Supply chain strategy defines the connection of activities and functions throughout
the value chain, in order to fulfill the business_______________ to customers in a
__________________. - ANSWER-Value Proposal; marketplace
According to the ATA, what would the potential impact of a truck stoppage on the
banking and finance industry? - ANSWER-Cash resources are depleted within days.
companies lose access to cash. regular transaction processing will cease.
the long tail of demand refers to an increased _____ - ANSWER-number of SKUs
, A negotiator that likes to solve problems in creative ways and seeks the best solution
for all involved is likely to use which type of negotiation strategy? - ANSWER-
Collaborating
over the past several decades, power has shifted in the supply chain from _______
to _______ - ANSWER-retailers; manufacturers
to which type of system is WMS usually connected? - ANSWER-ERP
what does 3PL stand for? - ANSWER-Third Party Logistics
vision picking is a cutting edge technology that is being incorporated into which area
of the supply chain? - ANSWER-warehouse
which of the following is the software category that develops graphical dashboards
for managers to evaluate them? - ANSWER-Business Intelligence
updating and maintaining inventory information in a distribution center is a primarily
function of which type of system? - ANSWER-WMS
which companies collaboratively pioneered the sharing of POS data? - ANSWER-
Walmart and JB Hunt
lowes has a cash to cash cycle of 24 Days. Home Depot has a cash to cash cycle of
20 Days. based on that information which of the following is true? - ANSWER-Home
Depot manages their cash to cash cycles more efficiently than Lowes
when logistic costs increase, profit will - ANSWER-decrease
a custom dream home is likely manufactured using which type of process layout? -
ANSWER-Project
Which is the Primary Meaning of postponement? - ANSWER-Delay
Snacks like Hostess Twinkies are likely manufactures using which type of process
layout? - ANSWER-Assembly Line
as a firm increases spending for transportation services, the cost of lose sales
should - ANSWER-decrease
Profit divided by Assets is _______ - ANSWER-Return on Assets
according to Clayton Christensen, highly driven people should focus on better
allocating their resources. what does this mean? - ANSWER-people need to decide
how to divide their time between their many "businesses"
if a company palces a replenishment order on the same day each month which
policy is being used? - ANSWER-Periodic review
