WGU D470 COMPETENCY 1 QUESTIONS
& ANSWERS ALREADY PASSED!!
1 of 82
Term
What is Distribution Requirements Planning (DRP)?
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DRP is a computerized
planning tool that ensures DRP is a method for managing
inventory is available for financial transactions.
distribution when needed.
, DRP is a tool for scheduling DRP is a system for tracking
production processes. customer satisfaction.
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2 of 82
Term
When was road transportation developed?
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In the mid-18th century. During the Renaissance period.
At At the beginning of the 20th
the end of the 19th century.
century.
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3 of 82
Term
What is the definition of logistics?
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, Logistics = Production Planning +
Marketing Logistics = Inventory Control + Sales
Logistics = Materials Logistics = Supply Chain + Finance
Management + Distribution Management
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4 of 82
Definition
Direct product profitability (DPP) - DPP is a technique of
allocating all the appropriate costs and allowances to a given
product. All distribution costs (storage, transport, etc.) are
assigned to a specific product rather than taking an average over a
whole product range, providing the real costs of supplying specific
products to individual customers.
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Direct Product Profitability Gross margin return on inventory
(DPP) (gmroi)
Cost To Serve (CTS) Radio-frequency identification (rfid)
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5 of 82
, Definition
Agile Supply Chain aims to create a responsive structure and process
to service customer demand in a fast-changing marketplace. Key
characteristics of an agile approach are:
o Production is planned across functional boundaries and flexible
fulfillment (postponement) is used.
o Inventory is held at as few levels of possible.
o Replenishment is driven by actual sales data.
o Finished goods are sometimes delivered direct from factory to
customer.
o Supply chain systems are highly integrated, giving visibility
of inventory at all levels.
Give this one a try later!
Stable Supply Chain Lean Supply Chain
Erratic Supply Chain Agile Supply Chain
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6 of 82
Term
What is a Digital Freight Exchange?
Give this one a try later!
& ANSWERS ALREADY PASSED!!
1 of 82
Term
What is Distribution Requirements Planning (DRP)?
Give this one a try later!
DRP is a computerized
planning tool that ensures DRP is a method for managing
inventory is available for financial transactions.
distribution when needed.
, DRP is a tool for scheduling DRP is a system for tracking
production processes. customer satisfaction.
Don't know?
2 of 82
Term
When was road transportation developed?
Give this one a try later!
In the mid-18th century. During the Renaissance period.
At At the beginning of the 20th
the end of the 19th century.
century.
Don't know?
3 of 82
Term
What is the definition of logistics?
Give this one a try later!
, Logistics = Production Planning +
Marketing Logistics = Inventory Control + Sales
Logistics = Materials Logistics = Supply Chain + Finance
Management + Distribution Management
Don't know?
4 of 82
Definition
Direct product profitability (DPP) - DPP is a technique of
allocating all the appropriate costs and allowances to a given
product. All distribution costs (storage, transport, etc.) are
assigned to a specific product rather than taking an average over a
whole product range, providing the real costs of supplying specific
products to individual customers.
Give this one a try later!
Direct Product Profitability Gross margin return on inventory
(DPP) (gmroi)
Cost To Serve (CTS) Radio-frequency identification (rfid)
Don't know?
5 of 82
, Definition
Agile Supply Chain aims to create a responsive structure and process
to service customer demand in a fast-changing marketplace. Key
characteristics of an agile approach are:
o Production is planned across functional boundaries and flexible
fulfillment (postponement) is used.
o Inventory is held at as few levels of possible.
o Replenishment is driven by actual sales data.
o Finished goods are sometimes delivered direct from factory to
customer.
o Supply chain systems are highly integrated, giving visibility
of inventory at all levels.
Give this one a try later!
Stable Supply Chain Lean Supply Chain
Erratic Supply Chain Agile Supply Chain
Don't know?
6 of 82
Term
What is a Digital Freight Exchange?
Give this one a try later!
