Page 1
SCMN 3710 Questions and Correct
Answers By Expert
The primary Key Performance Indicators (KPIs) for supply
chain managers are
Ans: Total Cost, Customer Service Level, and CSL/TC
The "product mix/assortment" problem refers to rapidly
increasing costs as a result of
Ans: trying to serve the last 1-3 percent of customer
demand with ever increasing inventory
The three prerequisites that must be satisfied for goods to
move "naturally" from areas of surplus to areas of shortage
are that the change in total value is greater than the change
in total cost, ________ , and __________ .
Ans: market conditions exist, government does not
prohibit
Nicholas Mwololo
, Page 2
Which of the following is not part of the Supply Chain
network?
Ans: A. Plants
B. Distribution Centers
**C. Stores
D. Terminals
Most retailers are essentially supply chain companies since
Ans: they buy products produced by others.
The Supply Chain Concept
Ans: developed from the previous Physical Distribution
concept.
Which is not an important issue for economic development
and vitality of the economy
Nicholas Mwololo
, Page 3
Ans: **A. Entrepreneurship
B. Migration
C. Urbanization
D. None of the above
According to prediction, __________, __________ and
__________ will all house so called Megacities, whereas
__________ will not have any cities of this size.
Ans: Asia, Latin America and North America; Europe
Where is a megacity most likely to develop?
Ans: Asia
A(n) _______ relationship exists between the cost of lost
sales and inventory cost.
Ans: Inverse
Nicholas Mwololo
, Page 4
As the dollar value of a product increases, packaging costs
will:
Ans: Increase
A ______ analysis examines a logistics system over a long
time period or range of output.
Ans: dynamic
In the short run, the firm's network is _________ while in the
long run it is ________.
Ans: fixed, variable
Heuristic models
Ans: are able to accommodate broad problem
definitions.
Nicholas Mwololo
SCMN 3710 Questions and Correct
Answers By Expert
The primary Key Performance Indicators (KPIs) for supply
chain managers are
Ans: Total Cost, Customer Service Level, and CSL/TC
The "product mix/assortment" problem refers to rapidly
increasing costs as a result of
Ans: trying to serve the last 1-3 percent of customer
demand with ever increasing inventory
The three prerequisites that must be satisfied for goods to
move "naturally" from areas of surplus to areas of shortage
are that the change in total value is greater than the change
in total cost, ________ , and __________ .
Ans: market conditions exist, government does not
prohibit
Nicholas Mwololo
, Page 2
Which of the following is not part of the Supply Chain
network?
Ans: A. Plants
B. Distribution Centers
**C. Stores
D. Terminals
Most retailers are essentially supply chain companies since
Ans: they buy products produced by others.
The Supply Chain Concept
Ans: developed from the previous Physical Distribution
concept.
Which is not an important issue for economic development
and vitality of the economy
Nicholas Mwololo
, Page 3
Ans: **A. Entrepreneurship
B. Migration
C. Urbanization
D. None of the above
According to prediction, __________, __________ and
__________ will all house so called Megacities, whereas
__________ will not have any cities of this size.
Ans: Asia, Latin America and North America; Europe
Where is a megacity most likely to develop?
Ans: Asia
A(n) _______ relationship exists between the cost of lost
sales and inventory cost.
Ans: Inverse
Nicholas Mwololo
, Page 4
As the dollar value of a product increases, packaging costs
will:
Ans: Increase
A ______ analysis examines a logistics system over a long
time period or range of output.
Ans: dynamic
In the short run, the firm's network is _________ while in the
long run it is ________.
Ans: fixed, variable
Heuristic models
Ans: are able to accommodate broad problem
definitions.
Nicholas Mwololo
