SCMN 3710 Midterm Questions with Detailed Verified Answers

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SCMN 3710 Midterm Questions with
Detailed Verified Answers
Question: Channel structure management includes decisions regarding the
use of outsourcing,
channel inventories, ____________, and channel structure.
Answer: information systems


Question:
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


Question:
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


Question:
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


Question:

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As the level of substitutability for a product increases, its stockout costs to the
manufacturer:
Answer: increase


Question:
The SCOR model provides suggested metrics
Answer: across multiple dimensions for each of the five Level One processes.


Question:
This type of forecast error measure is the only one to show if a stock out or
overage occurred
Answer: CFE (bias)


Question:
Exponential smoothing
Answer: Is one of the most commonly used techniques.


Question:
The term functional silos refers to
Answer: Lack of coordination between departments


Question:
Demand for transportation at the microeconomic level is ___ while the
demand for transportation at the macroeconomic level is ___?
Answer: Elastic, inelastic


Question:

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The optimization model is based on
Answer: precise mathematical procedures.


Question:
The grid technique is used to determine a fixed facility location that represents
the least-cost center for moving incoming materials and outbound product
within a geographic grid. This least cost center is also referred to as
Answer: a center of gravity


Question:
As the dollar value of a product decreases, its transportation cost
Answer: Decreases


Question:
The value that is added to goods through a manufacturing or assembly
process is:
Answer: Form utility


Question:
What are fixed spatial points where goods stop for storage or processing?
Answer: nodes


Question:
As suggested, the aging populations in these countries will result in
__________ health care costs and/but __________ in the size of the working
population or labor pool.