SCMT 2103 FINAL EXAM(2026-2027)
UARK THOMAS WITH 100%
CORRECT SOLUTIONS
Which of the following are common elements of the total cost of ownership model:
a. acquisition cost
b. operation cost
c. transportation cost
d. all of the above are a part of the TCO model - ANSWER-d. all of the above are a
part of the TOC model
(T/F)?
Phantom inventory is when a retailer thinks there is more inventory than there
actually is. - ANSWER-True
The amount received by a firm is 240 units and it sold 75 units. Assuming initial
inventory is zero, what is the perpetual inventory?
a. 315 units
b. 165 units
c. 40 units
d. 3 units - ANSWER-b. 165 units
What is the broader concept?
a. supply chain management
b. logistics - ANSWER-a. supply chain management
Which mode of transportation makes up the largest part of the US logistics cost?
a. pipeline
b. rail
c. air
,d. motor carrier
e. water - ANSWER-d. motor carrier
Fill rate is the % of from __.
a. demand fulfilled; on hand inventory
b. Inventory; demand fulfilled.
c. Profit; on hand inventory.
d. losses; on hand inventory - ANSWER-a. demand fulfilled; on hand inventory
As the number of distribution centers increases, inbound transportation costs
___________ but outbound transportation costs ___________ .
a. increases; increases
b. decreases; decreases
c. increases; decreases
d. decreases; increases - ANSWER-c. increases; decreases
(T/F)?
If you wanted to assess inventory turns of a category with multiple SKUs, the best
way to do that would be to add up the sales for the category and divide by the total
inventory level for the category. - ANSWER-True
Whats the cash-to-cash cycle formula? - ANSWER-days of inventory + days of
receivables - days of payables
Logistics lead time is the time [blank].
a. from when an order is placed until it's actually received and ready for use or sale
b. that a customer is willing to wait for delivery of an anticipated purchase
c. from when an order is manufactured until it's in the customer's hands
d. all of the above - ANSWER-a. from when an order is placed until it's actually
received and ready for use or sale
In general, forecasters must consider which of the following?
a. trend
b. seasonality
, c. noise
d. promotional activity
e. all of the above - ANSWER-e. all of the above
Which component of demand represents the degree to which the data is increasing
or decreasing over time?
a. level
b. trend
c. seasonality
d. cyclicality - ANSWER-b. trend
Time series methods are quantitative methods based on assumption that [blank]
demand is reflected in [blank] demand patterns.
a. present; past
b. future; past
c. future; present
d. future; future - ANSWER-b. future; past
Forecast [blank] describes whether we are on average forecasting too high or low.
a. bias
b. magnitude - ANSWER-a. bias
As the prediction error increases, safety stock costs ______.
a. increase
b. decrease
c. do not change - ANSWER-a. increase
CPFR is a process to integrate the [blank] and [blank] processes between suppliers
and retailers.
a. demand; supply
b. forecasting; replenishment
c. sales; demand forecasting
UARK THOMAS WITH 100%
CORRECT SOLUTIONS
Which of the following are common elements of the total cost of ownership model:
a. acquisition cost
b. operation cost
c. transportation cost
d. all of the above are a part of the TCO model - ANSWER-d. all of the above are a
part of the TOC model
(T/F)?
Phantom inventory is when a retailer thinks there is more inventory than there
actually is. - ANSWER-True
The amount received by a firm is 240 units and it sold 75 units. Assuming initial
inventory is zero, what is the perpetual inventory?
a. 315 units
b. 165 units
c. 40 units
d. 3 units - ANSWER-b. 165 units
What is the broader concept?
a. supply chain management
b. logistics - ANSWER-a. supply chain management
Which mode of transportation makes up the largest part of the US logistics cost?
a. pipeline
b. rail
c. air
,d. motor carrier
e. water - ANSWER-d. motor carrier
Fill rate is the % of from __.
a. demand fulfilled; on hand inventory
b. Inventory; demand fulfilled.
c. Profit; on hand inventory.
d. losses; on hand inventory - ANSWER-a. demand fulfilled; on hand inventory
As the number of distribution centers increases, inbound transportation costs
___________ but outbound transportation costs ___________ .
a. increases; increases
b. decreases; decreases
c. increases; decreases
d. decreases; increases - ANSWER-c. increases; decreases
(T/F)?
If you wanted to assess inventory turns of a category with multiple SKUs, the best
way to do that would be to add up the sales for the category and divide by the total
inventory level for the category. - ANSWER-True
Whats the cash-to-cash cycle formula? - ANSWER-days of inventory + days of
receivables - days of payables
Logistics lead time is the time [blank].
a. from when an order is placed until it's actually received and ready for use or sale
b. that a customer is willing to wait for delivery of an anticipated purchase
c. from when an order is manufactured until it's in the customer's hands
d. all of the above - ANSWER-a. from when an order is placed until it's actually
received and ready for use or sale
In general, forecasters must consider which of the following?
a. trend
b. seasonality
, c. noise
d. promotional activity
e. all of the above - ANSWER-e. all of the above
Which component of demand represents the degree to which the data is increasing
or decreasing over time?
a. level
b. trend
c. seasonality
d. cyclicality - ANSWER-b. trend
Time series methods are quantitative methods based on assumption that [blank]
demand is reflected in [blank] demand patterns.
a. present; past
b. future; past
c. future; present
d. future; future - ANSWER-b. future; past
Forecast [blank] describes whether we are on average forecasting too high or low.
a. bias
b. magnitude - ANSWER-a. bias
As the prediction error increases, safety stock costs ______.
a. increase
b. decrease
c. do not change - ANSWER-a. increase
CPFR is a process to integrate the [blank] and [blank] processes between suppliers
and retailers.
a. demand; supply
b. forecasting; replenishment
c. sales; demand forecasting
