Mkt 354 Quiz well answered already
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The main difference between anticipatory and agile order fulfilment method is:
A. There is no difference between the two; both are representative of the lean management
practices.
B. While anticipatory fulfilment predominantly relies on inventory, agile fulfilment
predominantly relies on capacity.
C. While anticipatory fulfilment predominantly relies on capacity, agile fulfilment predominantly
relies on inventory.
D. Anticipatory fulfilment works better in business to consumer (B2C) markets and agile
fulfilment works better in business to business (B2B) markets. - correct answer ✔✔b
Which of the following statements best describes what economic order quantity is all about?
A. EOQ helps supply chain managers to eliminate their inventory all together.
B. EOQ helps supply chain managers to maximize their inventory levels.
C. EOQ helps supply chain managers to minimize their inventory levels
D. EOQ helps supply chain managers to optimize their inventory levels. - correct answer ✔✔d
, What is the relationship between inventory carrying costs and order processing costs below
(i.e., to the left of) the economic order quantity point?
A. Inventory carrying costs = order processing costs
B. Inventory carrying costs > order processing costs
C. Inventory carrying costs < order processing costs
D. Inventory carrying costs / order processing costs - correct answer ✔✔c
How did the Amazon's transition from human pickers to robot pickers help the company lower
their inventory carrying cost?
A. With robot pickers Amazon was able to lower order processing time
B.
With robot pickers Amazon was able to increase warehouse space utilization levels
C. With robot pickers Amazon was able to eliminate 30% of its inventory - correct answer ✔✔b
true or false
It is in any company's best interest to choose either anticipatory or agile fulfilment technique
because managing both becomes too complex and costly. - correct answer ✔✔false
passed
The main difference between anticipatory and agile order fulfilment method is:
A. There is no difference between the two; both are representative of the lean management
practices.
B. While anticipatory fulfilment predominantly relies on inventory, agile fulfilment
predominantly relies on capacity.
C. While anticipatory fulfilment predominantly relies on capacity, agile fulfilment predominantly
relies on inventory.
D. Anticipatory fulfilment works better in business to consumer (B2C) markets and agile
fulfilment works better in business to business (B2B) markets. - correct answer ✔✔b
Which of the following statements best describes what economic order quantity is all about?
A. EOQ helps supply chain managers to eliminate their inventory all together.
B. EOQ helps supply chain managers to maximize their inventory levels.
C. EOQ helps supply chain managers to minimize their inventory levels
D. EOQ helps supply chain managers to optimize their inventory levels. - correct answer ✔✔d
, What is the relationship between inventory carrying costs and order processing costs below
(i.e., to the left of) the economic order quantity point?
A. Inventory carrying costs = order processing costs
B. Inventory carrying costs > order processing costs
C. Inventory carrying costs < order processing costs
D. Inventory carrying costs / order processing costs - correct answer ✔✔c
How did the Amazon's transition from human pickers to robot pickers help the company lower
their inventory carrying cost?
A. With robot pickers Amazon was able to lower order processing time
B.
With robot pickers Amazon was able to increase warehouse space utilization levels
C. With robot pickers Amazon was able to eliminate 30% of its inventory - correct answer ✔✔b
true or false
It is in any company's best interest to choose either anticipatory or agile fulfilment technique
because managing both becomes too complex and costly. - correct answer ✔✔false
