SCMN 2150 test 2 Questions with Detailed
Verified Answers
logistics: the part of supply chain management that focuses on the _____________,
_________________________, and _____________ of the flow and storage of
_____________, relevant _____________, and related services Ans: planning,
implementation, control, goods, information
what are the key activities in logistics? _____________ _____________,
_____________, _____________, _____________, _____________ Ans:
customer response, inventory, warehousing, transportation, fulfillment
what are the primary purposes of holding inventory?
- Meeting Customer _____________
- Buffer Against _____________
- Economies of Scale
- Production _____________
- _____________ Demand Management
- Price Stabilization to
- Cash Flow Management
- Market Responsiveness Ans: demand, uncertainty, efficiency, seasonal
inventory manager: balances CEO's _____________ and customer _____________
Ans: wishes, demands
,fixed order quantity model: set quantity ordered at variable __________ intervals
Ans: time
fixed time period model: at every review-point, a variable order is placed to bring the
inventory up to _____________ desired quantity
-requires higher level of _____________ _____________ to cover the time
between the review point and when the new stock arrives Ans: maximum, safety
stock
continuous replenishment model: when companies _____________ the fixed order
quantity model and the fixed time period model Ans: combine
inventory deployment options: _____________ and _____________ Ans:
centralized, decentralized
centralized: ________ location disperses inventory. inventory is placed in fewer, more
_____________ located facilities. this works well if the product is __________ to
transport and not very __________ sensitive Ans: one, centrally, easy, time
decentralized: more _____________ to disperse inventory. inventory is placed in
many, customer-facing facilities to promote easier _____________ access Ans:
locations, stock
warehousing roles: the part of a firm's logistics system that handles inventory
_____________ the point-of-origin and the point of consumption Ans: between
assortment: factories (inbound) -> _____________________ to sort -> store A and
store B (outbound) Ans: warehouse
fulfillment: primary method of distributing _____________ Ans: product
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, order fulfillment starts with a product _____________ and ends with order
_____________ Ans: inquiry, completion
why is transportation a critical logistics function? transportation ___________ all
pick-up and deliver-to points Ans: links
5 modal options: _____________, _____________, _____________,
_____________, and _____________ Ans: roadways, railways, airways, waterways,
pipelines
what factors must be considered when choosing a mode or carrier? _____________
of freight, customer _____________, product _____________, product
_________________________, service __________________________ Ans:
volume, location, value, characteristics, requirements
intermodal transportation: using _____________ modes to transport an item Ans:
different
transportation procurement process: selecting the right _____________
4 step process:
1. _____________________ ______________________ - define your goals and
objectives
2. ______________________ and _____________________ - pre-screen
potential carriers
3. ___________ _______________ -negotiate the contracts, assign freight lanes,
establish reporting structure, begin shipping
© Get it right 2025 Getaway - Stuvia US All rights reserved
Verified Answers
logistics: the part of supply chain management that focuses on the _____________,
_________________________, and _____________ of the flow and storage of
_____________, relevant _____________, and related services Ans: planning,
implementation, control, goods, information
what are the key activities in logistics? _____________ _____________,
_____________, _____________, _____________, _____________ Ans:
customer response, inventory, warehousing, transportation, fulfillment
what are the primary purposes of holding inventory?
- Meeting Customer _____________
- Buffer Against _____________
- Economies of Scale
- Production _____________
- _____________ Demand Management
- Price Stabilization to
- Cash Flow Management
- Market Responsiveness Ans: demand, uncertainty, efficiency, seasonal
inventory manager: balances CEO's _____________ and customer _____________
Ans: wishes, demands
,fixed order quantity model: set quantity ordered at variable __________ intervals
Ans: time
fixed time period model: at every review-point, a variable order is placed to bring the
inventory up to _____________ desired quantity
-requires higher level of _____________ _____________ to cover the time
between the review point and when the new stock arrives Ans: maximum, safety
stock
continuous replenishment model: when companies _____________ the fixed order
quantity model and the fixed time period model Ans: combine
inventory deployment options: _____________ and _____________ Ans:
centralized, decentralized
centralized: ________ location disperses inventory. inventory is placed in fewer, more
_____________ located facilities. this works well if the product is __________ to
transport and not very __________ sensitive Ans: one, centrally, easy, time
decentralized: more _____________ to disperse inventory. inventory is placed in
many, customer-facing facilities to promote easier _____________ access Ans:
locations, stock
warehousing roles: the part of a firm's logistics system that handles inventory
_____________ the point-of-origin and the point of consumption Ans: between
assortment: factories (inbound) -> _____________________ to sort -> store A and
store B (outbound) Ans: warehouse
fulfillment: primary method of distributing _____________ Ans: product
© Get it right 2025 Getaway - Stuvia US All rights reserved
, order fulfillment starts with a product _____________ and ends with order
_____________ Ans: inquiry, completion
why is transportation a critical logistics function? transportation ___________ all
pick-up and deliver-to points Ans: links
5 modal options: _____________, _____________, _____________,
_____________, and _____________ Ans: roadways, railways, airways, waterways,
pipelines
what factors must be considered when choosing a mode or carrier? _____________
of freight, customer _____________, product _____________, product
_________________________, service __________________________ Ans:
volume, location, value, characteristics, requirements
intermodal transportation: using _____________ modes to transport an item Ans:
different
transportation procurement process: selecting the right _____________
4 step process:
1. _____________________ ______________________ - define your goals and
objectives
2. ______________________ and _____________________ - pre-screen
potential carriers
3. ___________ _______________ -negotiate the contracts, assign freight lanes,
establish reporting structure, begin shipping
© Get it right 2025 Getaway - Stuvia US All rights reserved
