SCMT- 2103 UARK STEPHANIE
THOMAS FINAL 2026/27 WITH
CORRECT ANSWERS
The objective of Walmart's early network design strategy was to: - ANSWER-Locate
stores close to a Distribution center
Some companies do not outsource because they do NOT want to
________________. - ANSWER-lose their ability to manage the activity
The term _________today refers to a firm that supplies logistics and possibly other
SCMT services - ANSWER-third-party logistics (3PL)
Economies of scale is defined as a reduction in_____________when volumes are in
increased. - ANSWER-average cost per unit
Safety stock is - ANSWER-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. - ANSWER-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.
- ANSWER-Post transaction
______________is when a retailer thinks there is more inventory than there actually
is. - ANSWER-Phantom Inventory
_______________tells you the % of demand fulfilled from on hand inventory. -
ANSWER-the % item fill rate (IFR)
One of the direct effects of an increase in transportation cost is to reduce _____. -
ANSWER-ROA
ROA is profit divided by _____. - ANSWER-Assets
Inventory turn is _______divided by _______ - ANSWER-Sales or COGS: Inventory
Logisitcs lead time is the time_______ - ANSWER-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? - ANSWER-Trend
, Noise is random variation in demand that ______. - ANSWER-cannot be explained
Time series methods are quantitative methods based on assumption that ______
demand is reflected in _________ demand patterns. - ANSWER-future;past
Casual models might be best used for_________forecasting while time series model
are mostly use for _______forecasting. - ANSWER-long term;short term
As the number of periods included in a moving average forecast model _______, the
forecast becomes ___________ responsive. - ANSWER-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. - ANSWER-Supply Chain
A strategic alliance relationship is characterized as having: - ANSWER-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? -
ANSWER-Product variety-Inventory
An arm's length relationship is characterized as having: - ANSWER-Little or no
collaboration and low switching costs
As a firm increases spending for transportation services, the cost of lose sales
should - ANSWER-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? - ANSWER-Enhance personal and business understanding
Friendships allow managers to cultivate loyalty and reciprocity which can lead to
which of the following categories of actions? - ANSWER-Enhance Business volume
Full collaboration is the dynamic combination of - ANSWER-buyers,sellers,retailers,
3PL's and appropriate government agencies
Gross margin equals - ANSWER-Sales- COGS
How is the cash to cash cycle measured? - ANSWER-Days of Inventory + Days of
Receivables - Days of Payables
I went to Walmart this weekend with my kids, I offered them the opportunity to buy a
candy bar, They both wanted to purchase Reeses Peanut Butter Cups. However, the
line I was in to check out was out of Reeses. My kids selescted a different candy bar
THOMAS FINAL 2026/27 WITH
CORRECT ANSWERS
The objective of Walmart's early network design strategy was to: - ANSWER-Locate
stores close to a Distribution center
Some companies do not outsource because they do NOT want to
________________. - ANSWER-lose their ability to manage the activity
The term _________today refers to a firm that supplies logistics and possibly other
SCMT services - ANSWER-third-party logistics (3PL)
Economies of scale is defined as a reduction in_____________when volumes are in
increased. - ANSWER-average cost per unit
Safety stock is - ANSWER-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. - ANSWER-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.
- ANSWER-Post transaction
______________is when a retailer thinks there is more inventory than there actually
is. - ANSWER-Phantom Inventory
_______________tells you the % of demand fulfilled from on hand inventory. -
ANSWER-the % item fill rate (IFR)
One of the direct effects of an increase in transportation cost is to reduce _____. -
ANSWER-ROA
ROA is profit divided by _____. - ANSWER-Assets
Inventory turn is _______divided by _______ - ANSWER-Sales or COGS: Inventory
Logisitcs lead time is the time_______ - ANSWER-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? - ANSWER-Trend
, Noise is random variation in demand that ______. - ANSWER-cannot be explained
Time series methods are quantitative methods based on assumption that ______
demand is reflected in _________ demand patterns. - ANSWER-future;past
Casual models might be best used for_________forecasting while time series model
are mostly use for _______forecasting. - ANSWER-long term;short term
As the number of periods included in a moving average forecast model _______, the
forecast becomes ___________ responsive. - ANSWER-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. - ANSWER-Supply Chain
A strategic alliance relationship is characterized as having: - ANSWER-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? -
ANSWER-Product variety-Inventory
An arm's length relationship is characterized as having: - ANSWER-Little or no
collaboration and low switching costs
As a firm increases spending for transportation services, the cost of lose sales
should - ANSWER-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? - ANSWER-Enhance personal and business understanding
Friendships allow managers to cultivate loyalty and reciprocity which can lead to
which of the following categories of actions? - ANSWER-Enhance Business volume
Full collaboration is the dynamic combination of - ANSWER-buyers,sellers,retailers,
3PL's and appropriate government agencies
Gross margin equals - ANSWER-Sales- COGS
How is the cash to cash cycle measured? - ANSWER-Days of Inventory + Days of
Receivables - Days of Payables
I went to Walmart this weekend with my kids, I offered them the opportunity to buy a
candy bar, They both wanted to purchase Reeses Peanut Butter Cups. However, the
line I was in to check out was out of Reeses. My kids selescted a different candy bar
