SCMN 3710 Quiz Study Guide, Practice Questions and Complete Review 2026
In recent years, power in the supply chain is perceived to be held primarily by: - ✔✔retailers
The supply chain concept is described as evolving through _______ stages of development. -
✔✔three
A supply chain is a set of ________ directly linked by one or more of the upstream and
downstream flows of products, services, finances, and information (including demand) from a
source to a customer. - ✔✔three or more organizations
Which of the following statements can be used to distinguish Logistics from Supply Chain
Management? - ✔✔Logistics deals with the movement and storage of inventory
Logistics adds value through which form of economic utility? - ✔✔time
Mechanical equipment used for short distance moves is the definition of: - ✔✔materials
handling
Logistics costs as a percentage of GDP have stabilized in the past decade in what range? -
✔✔7-8%
Which era of globalization was driven primarily by companies? - ✔✔second era
The U.S.' largest trading partner is currently ________. - ✔✔china
Carriers must send Customs a complete cargo manifest prior to cargo destined for the US being
loaded in the port of departure. What is the term of this policy? - ✔✔24-hour rule
, "Focused efforts to estimate and manage customers' demand, with the intention of using this
information to shape operating decisions" is the definition of: - ✔✔demand management
__________ may occur in a situation where channel partners over order when they believe
supply will not be able to keep up with initial demand. - ✔✔phantom demand
Companies may attempt to shift demand through price changes when supply of products is
unsure. This process is referred to as: - ✔✔demand shaping
An estimate of future results based on the analysis of available information is the definition of: -
✔✔forecasting
Broad, uncontrollable trends related to overall economic conditions. - ✔✔business cycle
changes
Which forecasting method is calculated with the following formula:
Sum of the last n demand periods / n - ✔✔simple moving average
Calculate the weighted moving average forecast for June given the following information:
n=3
March sales = 400, April sales = 200, May sales = 300
Weights = 0.5, 0.3, and 0.2, respectively starting with the most recent prior period. - ✔✔290
Calculate the simple moving average forecast for August given the following information:
March sales = 500, April sales = 400, May sales = 200, June sales = 300
n = 4 - ✔✔350
In recent years, power in the supply chain is perceived to be held primarily by: - ✔✔retailers
The supply chain concept is described as evolving through _______ stages of development. -
✔✔three
A supply chain is a set of ________ directly linked by one or more of the upstream and
downstream flows of products, services, finances, and information (including demand) from a
source to a customer. - ✔✔three or more organizations
Which of the following statements can be used to distinguish Logistics from Supply Chain
Management? - ✔✔Logistics deals with the movement and storage of inventory
Logistics adds value through which form of economic utility? - ✔✔time
Mechanical equipment used for short distance moves is the definition of: - ✔✔materials
handling
Logistics costs as a percentage of GDP have stabilized in the past decade in what range? -
✔✔7-8%
Which era of globalization was driven primarily by companies? - ✔✔second era
The U.S.' largest trading partner is currently ________. - ✔✔china
Carriers must send Customs a complete cargo manifest prior to cargo destined for the US being
loaded in the port of departure. What is the term of this policy? - ✔✔24-hour rule
, "Focused efforts to estimate and manage customers' demand, with the intention of using this
information to shape operating decisions" is the definition of: - ✔✔demand management
__________ may occur in a situation where channel partners over order when they believe
supply will not be able to keep up with initial demand. - ✔✔phantom demand
Companies may attempt to shift demand through price changes when supply of products is
unsure. This process is referred to as: - ✔✔demand shaping
An estimate of future results based on the analysis of available information is the definition of: -
✔✔forecasting
Broad, uncontrollable trends related to overall economic conditions. - ✔✔business cycle
changes
Which forecasting method is calculated with the following formula:
Sum of the last n demand periods / n - ✔✔simple moving average
Calculate the weighted moving average forecast for June given the following information:
n=3
March sales = 400, April sales = 200, May sales = 300
Weights = 0.5, 0.3, and 0.2, respectively starting with the most recent prior period. - ✔✔290
Calculate the simple moving average forecast for August given the following information:
March sales = 500, April sales = 400, May sales = 200, June sales = 300
n = 4 - ✔✔350
