UARK SCMT 2103 STUDY GUIDE ANSWERS AND
QUESTIONS SET A+
✔✔order ____ refers to criteria that differentiates one from another. - ✔✔Winners
✔✔the emergence of omnicahnnel retailing makes the need for which type of flexibility
particularly important? - ✔✔Variety
✔✔in business negotiations, which side is usually better prepared? - ✔✔Supplier
Negotiator
✔✔Economies of scale is a reduction in _____ when volumes are increased -
✔✔Average cost per unit
✔✔based on your reading, how would you describe the demographics of todays supply
chain managers? - ✔✔Mostly male with an average age of 48
✔✔obsolescence is likely a bigger problem for which type of product? - ✔✔Fresh
Carrots
✔✔what is the primary goal in forecasting? - ✔✔for the forecast to be both accurate and
unbiased
✔✔which of the following was important for the growth of intermodal transportation? -
✔✔Standardization of containers
✔✔operations managers face many challenges in todays business environment, which
of the following is not a characteristic? - ✔✔All of the above are challenges faced by
todays operations managers
✔✔If a product is "cross-docked" in a distribution center, which process(es) is/are
skipped? - ✔✔order picking and replenishment
, ✔✔Which is a key reason that companies need to develop more agile capabilities? -
✔✔customer purchase patterns are changing
✔✔One of the direct effects of an increase in transportation cost is to reduce _____. -
✔✔ROA
✔✔______ is data taht is captured at the retail checkout. - ✔✔Point-of-sale
✔✔Lowe's and Home Depot working together to get products to areas ravaged by the
recent hurricanes is an example of: - ✔✔Competitive collaboration
✔✔ How do management and Leadership differ? - ✔✔Leaders Innovate; managers
execute
✔✔Safety Stock is ____? - ✔✔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? - ✔✔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? - ✔✔Purchasing
✔✔Which logistics service provided by 3PLs is most commonly used by organizations?
- ✔✔Domestic Transportation
✔✔what is the leading critical issue in the trucking industry today? - ✔✔Driver shortage
✔✔Resilience in the 4 R's of supply chain competition is defined as being able to ____ -
✔✔deal with unexpected disruptions in the supply chain
✔✔which of the following is a fundamental concept of logistics management? - ✔✔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? -
✔✔Strategic
✔✔what are the major modes of international transportation? - ✔✔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
__________________. - ✔✔Value Proposal; marketplace
QUESTIONS SET A+
✔✔order ____ refers to criteria that differentiates one from another. - ✔✔Winners
✔✔the emergence of omnicahnnel retailing makes the need for which type of flexibility
particularly important? - ✔✔Variety
✔✔in business negotiations, which side is usually better prepared? - ✔✔Supplier
Negotiator
✔✔Economies of scale is a reduction in _____ when volumes are increased -
✔✔Average cost per unit
✔✔based on your reading, how would you describe the demographics of todays supply
chain managers? - ✔✔Mostly male with an average age of 48
✔✔obsolescence is likely a bigger problem for which type of product? - ✔✔Fresh
Carrots
✔✔what is the primary goal in forecasting? - ✔✔for the forecast to be both accurate and
unbiased
✔✔which of the following was important for the growth of intermodal transportation? -
✔✔Standardization of containers
✔✔operations managers face many challenges in todays business environment, which
of the following is not a characteristic? - ✔✔All of the above are challenges faced by
todays operations managers
✔✔If a product is "cross-docked" in a distribution center, which process(es) is/are
skipped? - ✔✔order picking and replenishment
, ✔✔Which is a key reason that companies need to develop more agile capabilities? -
✔✔customer purchase patterns are changing
✔✔One of the direct effects of an increase in transportation cost is to reduce _____. -
✔✔ROA
✔✔______ is data taht is captured at the retail checkout. - ✔✔Point-of-sale
✔✔Lowe's and Home Depot working together to get products to areas ravaged by the
recent hurricanes is an example of: - ✔✔Competitive collaboration
✔✔ How do management and Leadership differ? - ✔✔Leaders Innovate; managers
execute
✔✔Safety Stock is ____? - ✔✔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? - ✔✔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? - ✔✔Purchasing
✔✔Which logistics service provided by 3PLs is most commonly used by organizations?
- ✔✔Domestic Transportation
✔✔what is the leading critical issue in the trucking industry today? - ✔✔Driver shortage
✔✔Resilience in the 4 R's of supply chain competition is defined as being able to ____ -
✔✔deal with unexpected disruptions in the supply chain
✔✔which of the following is a fundamental concept of logistics management? - ✔✔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? -
✔✔Strategic
✔✔what are the major modes of international transportation? - ✔✔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
__________________. - ✔✔Value Proposal; marketplace
