SCM 300 Exam 2 (Latest Update) verified
Questions & Answers | Already Graded A
(100% correct) – Arizona State
University
Brick-and-Mortar Business
a business that operates in a physical store without an internet presence
Online or E-tailing
All products and services are sold to customers through an online website. Example:
Amazon.com
Brick and Clicks
Companies that use both a physical store and the Web to sell their products and services.
Clicks and Calls
In addition to taking orders via the company website, some companies will also offer sales via
the phone. Examples: Lands' End and L.L. Bean
Omni-channel retailing
Retailers that are fully committed to engaging customers via catalogs, phone calls, websites,
email, internet chatrooms, social media sites or mobile apps, and of course also in stores.
,SCM 300 Exam 2 (Latest Update) verified
Questions & Answers | Already Graded A
(100% correct) – Arizona State
University
Retail sources of supply
manufacturers, wholesalers, drop shippers
drop shippers
An organization that ties manufactures and/or wholesalers directly to consumers. They never
posses the product, they just take orders to fulfill by another party.
Chargebacks
effectively penalties charged by retail organizations to their suppliers/vendors for any number of
minor and major supply chain offenses
Collaborative Planning, Forecasting, and Replenishment (CPFR)
A formalized effort by supply chain partners to share data and collectively develop forecast in an
attempt to reduce supply chain cost through better planning
vendor-managed inventory (VMI)
An arrangement where retailers allow vendors to monitor in-store inventories, initiate
orders/shipments to the store when inventories are low, and also bring the items into the store
and onto the shelf.
, SCM 300 Exam 2 (Latest Update) verified
Questions & Answers | Already Graded A
(100% correct) – Arizona State
University
Last Mile
the portion of the supply chain between the final inventory holding facility and the end consumer
Prototype Stores
A series of stores that have common design, construction and layout. Standardized plans that will
work across many stores for chain retailers.
Rationalized Retailing
This retail strategy has retail chains develop rigid control structures to develop and manage
processes such that all the retail outlets are managed in the same way. An employee would easily
be able to work at almost any store since everything is done the same way.
Planogram
A map of where every product goes on a retail store shelf.
Customers cost for waiting lines
Time
Questions & Answers | Already Graded A
(100% correct) – Arizona State
University
Brick-and-Mortar Business
a business that operates in a physical store without an internet presence
Online or E-tailing
All products and services are sold to customers through an online website. Example:
Amazon.com
Brick and Clicks
Companies that use both a physical store and the Web to sell their products and services.
Clicks and Calls
In addition to taking orders via the company website, some companies will also offer sales via
the phone. Examples: Lands' End and L.L. Bean
Omni-channel retailing
Retailers that are fully committed to engaging customers via catalogs, phone calls, websites,
email, internet chatrooms, social media sites or mobile apps, and of course also in stores.
,SCM 300 Exam 2 (Latest Update) verified
Questions & Answers | Already Graded A
(100% correct) – Arizona State
University
Retail sources of supply
manufacturers, wholesalers, drop shippers
drop shippers
An organization that ties manufactures and/or wholesalers directly to consumers. They never
posses the product, they just take orders to fulfill by another party.
Chargebacks
effectively penalties charged by retail organizations to their suppliers/vendors for any number of
minor and major supply chain offenses
Collaborative Planning, Forecasting, and Replenishment (CPFR)
A formalized effort by supply chain partners to share data and collectively develop forecast in an
attempt to reduce supply chain cost through better planning
vendor-managed inventory (VMI)
An arrangement where retailers allow vendors to monitor in-store inventories, initiate
orders/shipments to the store when inventories are low, and also bring the items into the store
and onto the shelf.
, SCM 300 Exam 2 (Latest Update) verified
Questions & Answers | Already Graded A
(100% correct) – Arizona State
University
Last Mile
the portion of the supply chain between the final inventory holding facility and the end consumer
Prototype Stores
A series of stores that have common design, construction and layout. Standardized plans that will
work across many stores for chain retailers.
Rationalized Retailing
This retail strategy has retail chains develop rigid control structures to develop and manage
processes such that all the retail outlets are managed in the same way. An employee would easily
be able to work at almost any store since everything is done the same way.
Planogram
A map of where every product goes on a retail store shelf.
Customers cost for waiting lines
Time
