SCMT 2103 MODULE 1 QUIZZES WITH
COMPLETE SOLUTIONS
The objective of Walmart's early network design strategy was to: - Correct Answers -
Locate stores close to a Distribution Center.
What is a theme throughout this course? - Correct Answers -How logistics and supply
chain management can be used to create a competitive advantage.
Economies of Scale - Correct Answers -reduction in average cost per unit when
volumes are increased.
What benefits did Walmart achieve from their early network design strategy? - Correct
Answers --Reduction in safety stock at the stores
-Reduction in in-transit stock to the stores
-Reduction in transportation costs from the DCs to the stores
-Lower cost per store for the DCs to serve the stores
Resilience in the 4 R's of Supply Chain competition is being defined as being able to... -
Correct Answers -deal with unexpected disruptions in the supply chain.
Supply chain management is the management of the ________ of business processes
between functions in a firm and with suppliers and customers. - Correct Answers -
Integration
Logistics costs include what? - Correct Answers -(all of these and more)
Examples of business processes include what? - Correct Answers -(all of these and
more)
The term _________ refers to a firm that supplies logistics and possibly other supply
chain management services. - Correct Answers -third-party logistics (3PL) providers
Safety stock is.... - Correct Answers -the expected number of units on hand just before
a replenishment is received and available for use.
Which of the following products would you expect to require the most safety stock?
Product A: Std of Sales = 18, Std of Lead Time = 23
Product B: Std of Sales = 20, Std of Lead Time = 20
COMPLETE SOLUTIONS
The objective of Walmart's early network design strategy was to: - Correct Answers -
Locate stores close to a Distribution Center.
What is a theme throughout this course? - Correct Answers -How logistics and supply
chain management can be used to create a competitive advantage.
Economies of Scale - Correct Answers -reduction in average cost per unit when
volumes are increased.
What benefits did Walmart achieve from their early network design strategy? - Correct
Answers --Reduction in safety stock at the stores
-Reduction in in-transit stock to the stores
-Reduction in transportation costs from the DCs to the stores
-Lower cost per store for the DCs to serve the stores
Resilience in the 4 R's of Supply Chain competition is being defined as being able to... -
Correct Answers -deal with unexpected disruptions in the supply chain.
Supply chain management is the management of the ________ of business processes
between functions in a firm and with suppliers and customers. - Correct Answers -
Integration
Logistics costs include what? - Correct Answers -(all of these and more)
Examples of business processes include what? - Correct Answers -(all of these and
more)
The term _________ refers to a firm that supplies logistics and possibly other supply
chain management services. - Correct Answers -third-party logistics (3PL) providers
Safety stock is.... - Correct Answers -the expected number of units on hand just before
a replenishment is received and available for use.
Which of the following products would you expect to require the most safety stock?
Product A: Std of Sales = 18, Std of Lead Time = 23
Product B: Std of Sales = 20, Std of Lead Time = 20
