SCMT 2103 COMPREHENSIVE ANSWERS AND
QUESTIONS SET A+
✔✔which is typically the largest of the costs that make up inventory carrying costs? -
✔✔Capital
✔✔which type of flexibility refers to the ability to manage transactions in production and
deliver across heterogeneous products? - ✔✔Variety flexibility
✔✔IN the US which mode is largest in terms of total spend? - ✔✔motor carriage
✔✔which of the following forecast error metrics is most useful when communicating
about the forecast error of the production? - ✔✔Mean absolute percent error (MAPE)
✔✔if a company uses the panama canal instead of sailing around south America which
type of logistic utility are they focusing on? - ✔✔Time
✔✔using both rail and motor carriage to deliver shipment to its final destination is an
example of ______ transportation - ✔✔Intermodal
✔✔which is an innovative example of postponement? - ✔✔3D Printing
✔✔scheduling carriers, unloading vehicles, inspecting freight and verifying orders are all
part of which distribution center process? - ✔✔Receiving
✔✔one key function of a TMS is the ___ of Shipments - ✔✔Sequencing
✔✔FedEx would be an example of which type of 3PL provider? - ✔✔Transportation-
based
✔✔which of the following is an example of a flexible supply chain model? - ✔✔FEMA
emergency shipments
, ✔✔updating and maintaining inventory information in a distribution center is a primarily
function of which type of system? - ✔✔WMS
✔✔which companies collaboratively pioneered the sharing of POS data? - ✔✔Walmart
and JB Hunt
✔✔lowes has a cash to cash cycle of 24 Days. Home Depot has a cash to cash cycle of
20 Days. based on that information which of the following is true? - ✔✔Home Depot
manages their cash to cash cycles more efficiently than Lowes
✔✔when logistic costs increase, profit will - ✔✔decrease
✔✔a custom dream home is likely manufactured using which type of process layout? -
✔✔Project
✔✔Which is the Primary Meaning of postponement? - ✔✔Delay
✔✔Snacks like Hostess Twinkies are likely manufactures using which type of process
layout? - ✔✔Assembly Line
✔✔_______ is a multi-channel approach to sales that seeks to provide the customer
with a seamless shopping experiences via telephone or in a bricks and mortar store -
✔✔Omni-channel retailing
✔✔what does BATNA Stand for? - ✔✔Best Alternative to a negotiated Agreement
✔✔______ diversity is one of the greatest diversity management challenges facing
businesses toady - ✔✔Generational
✔✔which of the following is the 7 R's definition of logistics? - ✔✔getting the right
product to the right customer in the right quantity, in the right condition at the right place
at the right time and at the right cost
✔✔which type of inventory is the amount of inventory that is expected to sell during a
replenishment period? - ✔✔Cycle Stock
✔✔how is the cash to cash cycle measured? - ✔✔Days of Inventory + Days of
Receivables - Days of Payables
✔✔if a company shifts from offshore to domestic production, which of the following
statements is likley true? - ✔✔Safety Stock costs decrease
QUESTIONS SET A+
✔✔which is typically the largest of the costs that make up inventory carrying costs? -
✔✔Capital
✔✔which type of flexibility refers to the ability to manage transactions in production and
deliver across heterogeneous products? - ✔✔Variety flexibility
✔✔IN the US which mode is largest in terms of total spend? - ✔✔motor carriage
✔✔which of the following forecast error metrics is most useful when communicating
about the forecast error of the production? - ✔✔Mean absolute percent error (MAPE)
✔✔if a company uses the panama canal instead of sailing around south America which
type of logistic utility are they focusing on? - ✔✔Time
✔✔using both rail and motor carriage to deliver shipment to its final destination is an
example of ______ transportation - ✔✔Intermodal
✔✔which is an innovative example of postponement? - ✔✔3D Printing
✔✔scheduling carriers, unloading vehicles, inspecting freight and verifying orders are all
part of which distribution center process? - ✔✔Receiving
✔✔one key function of a TMS is the ___ of Shipments - ✔✔Sequencing
✔✔FedEx would be an example of which type of 3PL provider? - ✔✔Transportation-
based
✔✔which of the following is an example of a flexible supply chain model? - ✔✔FEMA
emergency shipments
, ✔✔updating and maintaining inventory information in a distribution center is a primarily
function of which type of system? - ✔✔WMS
✔✔which companies collaboratively pioneered the sharing of POS data? - ✔✔Walmart
and JB Hunt
✔✔lowes has a cash to cash cycle of 24 Days. Home Depot has a cash to cash cycle of
20 Days. based on that information which of the following is true? - ✔✔Home Depot
manages their cash to cash cycles more efficiently than Lowes
✔✔when logistic costs increase, profit will - ✔✔decrease
✔✔a custom dream home is likely manufactured using which type of process layout? -
✔✔Project
✔✔Which is the Primary Meaning of postponement? - ✔✔Delay
✔✔Snacks like Hostess Twinkies are likely manufactures using which type of process
layout? - ✔✔Assembly Line
✔✔_______ is a multi-channel approach to sales that seeks to provide the customer
with a seamless shopping experiences via telephone or in a bricks and mortar store -
✔✔Omni-channel retailing
✔✔what does BATNA Stand for? - ✔✔Best Alternative to a negotiated Agreement
✔✔______ diversity is one of the greatest diversity management challenges facing
businesses toady - ✔✔Generational
✔✔which of the following is the 7 R's definition of logistics? - ✔✔getting the right
product to the right customer in the right quantity, in the right condition at the right place
at the right time and at the right cost
✔✔which type of inventory is the amount of inventory that is expected to sell during a
replenishment period? - ✔✔Cycle Stock
✔✔how is the cash to cash cycle measured? - ✔✔Days of Inventory + Days of
Receivables - Days of Payables
✔✔if a company shifts from offshore to domestic production, which of the following
statements is likley true? - ✔✔Safety Stock costs decrease
