SCMT 2103 UARK TEST 2 QUESTIONS
AND ANSWERS
Inventory is good in the right __________ - Correct Answers -quantity
Which type of inventory is in a transportation unit? - Correct Answers -in-transit
inventory
As a customer decreases service level from 99% to 97%, what will likely happen? -
Correct Answers -The customer will decrease safety stock
Which has the correct order of lead time processes? - Correct Answers -Order creation,
picking, staging, transit
If a company places a replenishment order on the same day each week, which policy is
being used? - Correct Answers -Periodic review
Inventory is a supply of goods that are held for the purpose of___. - Correct Answers -
Future Utilization
Which company was an early pioneer in customization flexibility of personal computers?
- Correct Answers -Dell
Which is a clear sign of a bottleneck in a manufacturing process?Which is a clear sign
of a bottleneck in a manufacturing process? - Correct Answers -Work-in-process
inventory is building behind
When determining when or how much to order, which inventory variable should be
used? - Correct Answers -Inventory position
As lead time variability decreases, what should happen to safety stock? - Correct
Answers -It should decrease
For a data scientist to be most effective, he or she should have___. - Correct Answers -
Broad analytical skills and high domain knowledge
Which type of inventory is used as a buffer against uncertainty in demand and lead
time? - Correct Answers -Safety stock
AND ANSWERS
Inventory is good in the right __________ - Correct Answers -quantity
Which type of inventory is in a transportation unit? - Correct Answers -in-transit
inventory
As a customer decreases service level from 99% to 97%, what will likely happen? -
Correct Answers -The customer will decrease safety stock
Which has the correct order of lead time processes? - Correct Answers -Order creation,
picking, staging, transit
If a company places a replenishment order on the same day each week, which policy is
being used? - Correct Answers -Periodic review
Inventory is a supply of goods that are held for the purpose of___. - Correct Answers -
Future Utilization
Which company was an early pioneer in customization flexibility of personal computers?
- Correct Answers -Dell
Which is a clear sign of a bottleneck in a manufacturing process?Which is a clear sign
of a bottleneck in a manufacturing process? - Correct Answers -Work-in-process
inventory is building behind
When determining when or how much to order, which inventory variable should be
used? - Correct Answers -Inventory position
As lead time variability decreases, what should happen to safety stock? - Correct
Answers -It should decrease
For a data scientist to be most effective, he or she should have___. - Correct Answers -
Broad analytical skills and high domain knowledge
Which type of inventory is used as a buffer against uncertainty in demand and lead
time? - Correct Answers -Safety stock
