SCMN Exam 1 Questions and
Answers10
In the SCOR Model there are five major categories of metrics that need to be used to measure
the performance of Process D1: reliability, ___________, agility, costs, and asset management. -
ANSWERS -responsiveness
An "executive dashboard" is - ANSWERS -a small number (usually less than five) of KPIs
A(n) _______ relationship exists between the cost of lost sales and inventory cost. - ANSWERS -
inverse
The "product mix/assortment" problem refers to rapidly increasing costs as a result of -
ANSWERS -trying to serve the last 1-3 percent of customer demand with ever increasing
inventory
The three broad requirements for "market conditions" to exist in general include buyer and
seller must be aware of each other, ______ , and _____ . - ANSWERS -legal system of contract
enforcement, means of exchange (currency)
Which of the following is NOT one of the the three main macroeconomic forces driving the
explosive growth in international trade since 1944: - ANSWERS -time and place utility
An overall measure of logistics system performance that allows for better global decision
making among various trade-offs is the "Bang/Buck" ratio or the - ANSWERS -Customer Service
Level per Total Logistics Cost
, A critical outcome of the supply chain is to deliver - ANSWERS -the right product to the right
place.
Outsourcing involves - ANSWERS -obtaining materials, parts, and products from other
companies.
Which of these flows only one way as illustrated in Figure 1-4? - ANSWERS -None of these
answers (information, financials, products and services)
Most retailers are essentially supply chain companies since - ANSWERS -they buy products
produced by others.
Which of the answers below is an example of the creation of form utility by a logistics activity? -
ANSWERS -the breaking bulk and repackaging at a distribution center
What is often the largest component of logistics costs? - ANSWERS -transportation costs
The utility that is created by moving goods from production points to market points where
demand exists is referred to as: - ANSWERS -place
All four subdivisions of logistics have some common characteristics. Which of the below does
not belong in the list: - ANSWERS -marketing
The value that is added to goods through a manufacturing or assembly process is: - ANSWERS -
form utility
Which is a major category of ocean shipping? - ANSWERS -charter vessels
Which are the major modes of international transportation? - ANSWERS -water and air
Answers10
In the SCOR Model there are five major categories of metrics that need to be used to measure
the performance of Process D1: reliability, ___________, agility, costs, and asset management. -
ANSWERS -responsiveness
An "executive dashboard" is - ANSWERS -a small number (usually less than five) of KPIs
A(n) _______ relationship exists between the cost of lost sales and inventory cost. - ANSWERS -
inverse
The "product mix/assortment" problem refers to rapidly increasing costs as a result of -
ANSWERS -trying to serve the last 1-3 percent of customer demand with ever increasing
inventory
The three broad requirements for "market conditions" to exist in general include buyer and
seller must be aware of each other, ______ , and _____ . - ANSWERS -legal system of contract
enforcement, means of exchange (currency)
Which of the following is NOT one of the the three main macroeconomic forces driving the
explosive growth in international trade since 1944: - ANSWERS -time and place utility
An overall measure of logistics system performance that allows for better global decision
making among various trade-offs is the "Bang/Buck" ratio or the - ANSWERS -Customer Service
Level per Total Logistics Cost
, A critical outcome of the supply chain is to deliver - ANSWERS -the right product to the right
place.
Outsourcing involves - ANSWERS -obtaining materials, parts, and products from other
companies.
Which of these flows only one way as illustrated in Figure 1-4? - ANSWERS -None of these
answers (information, financials, products and services)
Most retailers are essentially supply chain companies since - ANSWERS -they buy products
produced by others.
Which of the answers below is an example of the creation of form utility by a logistics activity? -
ANSWERS -the breaking bulk and repackaging at a distribution center
What is often the largest component of logistics costs? - ANSWERS -transportation costs
The utility that is created by moving goods from production points to market points where
demand exists is referred to as: - ANSWERS -place
All four subdivisions of logistics have some common characteristics. Which of the below does
not belong in the list: - ANSWERS -marketing
The value that is added to goods through a manufacturing or assembly process is: - ANSWERS -
form utility
Which is a major category of ocean shipping? - ANSWERS -charter vessels
Which are the major modes of international transportation? - ANSWERS -water and air
