SCMN 3710 Midterm Exam Questions
and Answers All Correct
The challenge to develop and sustain an efficient and effective supply chain(s) requires
organizations to address a number of issues. Which is not included? - Answer-inventory
carrying cost
The primary Key Performance Indicators (KPIs) for supply chain managers are -
Answer-Total Cost, Customer Service Level, and CSL/TC
In deploying supply chains across global markets, managers seek to identify
opportunities where - Answer-differential value is high and total cost is low
The three fundamental forms of utility under capitalist economic theory are: - Answer-
possession, form, and time/space
The "Infrastructure" zone on the TC/CSL tradeoff curve is characterized by - Answer-
fixed costs rising more rapidly than output (service)
The three broad requirements for "market conditions" to exist in general include buyer
and seller must be aware of each other, ______ , and _____ . - Answer-legal system of
contract enforcement, means of exchange (currency)
Logistics, in its simplest form, - Answer-combines inbound logistics with the outbound
logistics of physical distribution.
Which of the following is not an external factor that is shaping the economic and political
landscape? - Answer-Organizational division
Which chose is not one of the essential factors for economic growth and increased
development of global trade flows. - Answer-geo-political standing
Which is not an important issue for economic development and vitality of the economy -
Answer-entrepreneurship
Logistics creates which utility through production forecasting, production scheduling and
inventory control? - Answer-quantity utility
, The classic objective of a network design model has been - Answer-to establish the
number, location, and size of finished goods distribution centers and associated product
flows.
As the nuber of stocking points (DCs) is decreased in a distribution network, fixed costs
will ____ and variable costs will ___. - Answer-decrease, decrease
As the length and complexity of a supply chain increases, a firm's inventory levels will: -
Answer-increase
Which of the following does a forecast always assume? - Answer-the past always
repeats itself
Four types of forecast error measures can be used. Which one of the following is not
one of the four types? - Answer-exponential smoothing for trends
ABC analysis uses a single criterion to classify SKUs from most important to least
important. - Answer-true
Order management system represents the principal means by which - Answer-buyers
and sellers communicate info relating to their orders
An index - Answer-combines two or more metrics into a single indicator
The current logistics management approach is supported by which performance
measurement concepts? - Answer-least total cost
Channel structure management includes decisions regarding the use of outsourcing,
channel inventories, ____________, and channel structure. - Answer-information
systems
Another driving influence for supply chain reexamination has been the desire of
organizations to change their supply chain focus from a __________to an "investment"
center. - Answer-cost center
There are four major categories that provide a useful way for examining logistics and
supply chain performance: They are: time, ______, cost, and supporting metrics. -
Answer-quality
There are two parts to the order management process. The first is _______________
and the second is _________________________. - Answer-influencing how the
customer orders, managing the order after it is received
As the level of substitutability for a product increases, its stockout costs to the
manufacturer: - Answer-increase
and Answers All Correct
The challenge to develop and sustain an efficient and effective supply chain(s) requires
organizations to address a number of issues. Which is not included? - Answer-inventory
carrying cost
The primary Key Performance Indicators (KPIs) for supply chain managers are -
Answer-Total Cost, Customer Service Level, and CSL/TC
In deploying supply chains across global markets, managers seek to identify
opportunities where - Answer-differential value is high and total cost is low
The three fundamental forms of utility under capitalist economic theory are: - Answer-
possession, form, and time/space
The "Infrastructure" zone on the TC/CSL tradeoff curve is characterized by - Answer-
fixed costs rising more rapidly than output (service)
The three broad requirements for "market conditions" to exist in general include buyer
and seller must be aware of each other, ______ , and _____ . - Answer-legal system of
contract enforcement, means of exchange (currency)
Logistics, in its simplest form, - Answer-combines inbound logistics with the outbound
logistics of physical distribution.
Which of the following is not an external factor that is shaping the economic and political
landscape? - Answer-Organizational division
Which chose is not one of the essential factors for economic growth and increased
development of global trade flows. - Answer-geo-political standing
Which is not an important issue for economic development and vitality of the economy -
Answer-entrepreneurship
Logistics creates which utility through production forecasting, production scheduling and
inventory control? - Answer-quantity utility
, The classic objective of a network design model has been - Answer-to establish the
number, location, and size of finished goods distribution centers and associated product
flows.
As the nuber of stocking points (DCs) is decreased in a distribution network, fixed costs
will ____ and variable costs will ___. - Answer-decrease, decrease
As the length and complexity of a supply chain increases, a firm's inventory levels will: -
Answer-increase
Which of the following does a forecast always assume? - Answer-the past always
repeats itself
Four types of forecast error measures can be used. Which one of the following is not
one of the four types? - Answer-exponential smoothing for trends
ABC analysis uses a single criterion to classify SKUs from most important to least
important. - Answer-true
Order management system represents the principal means by which - Answer-buyers
and sellers communicate info relating to their orders
An index - Answer-combines two or more metrics into a single indicator
The current logistics management approach is supported by which performance
measurement concepts? - Answer-least total cost
Channel structure management includes decisions regarding the use of outsourcing,
channel inventories, ____________, and channel structure. - Answer-information
systems
Another driving influence for supply chain reexamination has been the desire of
organizations to change their supply chain focus from a __________to an "investment"
center. - Answer-cost center
There are four major categories that provide a useful way for examining logistics and
supply chain performance: They are: time, ______, cost, and supporting metrics. -
Answer-quality
There are two parts to the order management process. The first is _______________
and the second is _________________________. - Answer-influencing how the
customer orders, managing the order after it is received
As the level of substitutability for a product increases, its stockout costs to the
manufacturer: - Answer-increase
