SCMT 2103 ANSWERS AND QUESTIONS SET A+
✔✔When Nike made the decision to outsource all of its production to contract
manufacturers instead of manufacturing Nike products in Nike facilities, they were
evaluating which trade off? - ✔✔Make Vs. Buy
✔✔If lead time increases, what should happen to the reorder point? - ✔✔it should
increase
✔✔Supply Chain Technology helps facilitate which of the supply chain flows? -
✔✔Information
✔✔Gross margin Equals - ✔✔Sales - COGS
✔✔which is not a primary function of a TMS? - ✔✔Picking
✔✔the idea that there are many other costs than the aquisition costs of a purchase is
known as ____ - ✔✔total cost of ownership
✔✔______ of the total negotiation process should be spent in preparation - ✔✔75%
✔✔order ____ refers to criteria that differentiates one from another. - ✔✔Winners
✔✔the emergence of omnicahnnel retailing makes the need for which type of flexibility
particularly important? - ✔✔Variety
✔✔in business negotiations, which side is usually better prepared? - ✔✔Supplier
Negotiator
✔✔Economies of scale is a reduction in _____ when volumes are increased -
✔✔Average cost per unit
, ✔✔based on your reading, how would you describe the demographics of todays supply
chain managers? - ✔✔Mostly male with an average age of 48
✔✔obsolescence is likely a bigger problem for which type of product? - ✔✔Fresh
Carrots
✔✔what is the primary goal in forecasting? - ✔✔for the forecast to be both accurate and
unbiased
✔✔which of the following was important for the growth of intermodal transportation? -
✔✔Standardization of containers
✔✔operations managers face many challenges in todays business environment, which
of the following is not a characteristic? - ✔✔All of the above are challenges faced by
todays operations managers
✔✔If a product is "cross-docked" in a distribution center, which process(es) is/are
skipped? - ✔✔order picking and replenishment
✔✔Which is a key reason that companies need to develop more agile capabilities? -
✔✔customer purchase patterns are changing
✔✔One of the direct effects of an increase in transportation cost is to reduce _____. -
✔✔ROA
✔✔______ is data taht is captured at the retail checkout. - ✔✔Point-of-sale
✔✔Lowe's and Home Depot working together to get products to areas ravaged by the
recent hurricanes is an example of: - ✔✔Competitive collaboration
✔✔ How do management and Leadership differ? - ✔✔Leaders Innovate; managers
execute
✔✔Safety Stock is ____? - ✔✔the expected number of units on hand when the next
replenishment arrives
✔✔which of the following is the standardized test commonly required for entrance into
MBA Programs? - ✔✔GMAT
✔✔Frito lay places an order for copy paper with staples. the order is placed online.
which type of buying would this be an example of? - ✔✔Purchasing
✔✔When Nike made the decision to outsource all of its production to contract
manufacturers instead of manufacturing Nike products in Nike facilities, they were
evaluating which trade off? - ✔✔Make Vs. Buy
✔✔If lead time increases, what should happen to the reorder point? - ✔✔it should
increase
✔✔Supply Chain Technology helps facilitate which of the supply chain flows? -
✔✔Information
✔✔Gross margin Equals - ✔✔Sales - COGS
✔✔which is not a primary function of a TMS? - ✔✔Picking
✔✔the idea that there are many other costs than the aquisition costs of a purchase is
known as ____ - ✔✔total cost of ownership
✔✔______ of the total negotiation process should be spent in preparation - ✔✔75%
✔✔order ____ refers to criteria that differentiates one from another. - ✔✔Winners
✔✔the emergence of omnicahnnel retailing makes the need for which type of flexibility
particularly important? - ✔✔Variety
✔✔in business negotiations, which side is usually better prepared? - ✔✔Supplier
Negotiator
✔✔Economies of scale is a reduction in _____ when volumes are increased -
✔✔Average cost per unit
, ✔✔based on your reading, how would you describe the demographics of todays supply
chain managers? - ✔✔Mostly male with an average age of 48
✔✔obsolescence is likely a bigger problem for which type of product? - ✔✔Fresh
Carrots
✔✔what is the primary goal in forecasting? - ✔✔for the forecast to be both accurate and
unbiased
✔✔which of the following was important for the growth of intermodal transportation? -
✔✔Standardization of containers
✔✔operations managers face many challenges in todays business environment, which
of the following is not a characteristic? - ✔✔All of the above are challenges faced by
todays operations managers
✔✔If a product is "cross-docked" in a distribution center, which process(es) is/are
skipped? - ✔✔order picking and replenishment
✔✔Which is a key reason that companies need to develop more agile capabilities? -
✔✔customer purchase patterns are changing
✔✔One of the direct effects of an increase in transportation cost is to reduce _____. -
✔✔ROA
✔✔______ is data taht is captured at the retail checkout. - ✔✔Point-of-sale
✔✔Lowe's and Home Depot working together to get products to areas ravaged by the
recent hurricanes is an example of: - ✔✔Competitive collaboration
✔✔ How do management and Leadership differ? - ✔✔Leaders Innovate; managers
execute
✔✔Safety Stock is ____? - ✔✔the expected number of units on hand when the next
replenishment arrives
✔✔which of the following is the standardized test commonly required for entrance into
MBA Programs? - ✔✔GMAT
✔✔Frito lay places an order for copy paper with staples. the order is placed online.
which type of buying would this be an example of? - ✔✔Purchasing
