UARK SCMT 2103 TEST PAPER ANSWERS AND
QUESTIONS SET A+
✔✔Walmart uses a "door per store" philosophy in some of their facilities. What does
that mean? - ✔✔each outbound shipping dock is assigned to a specific store
✔✔If a fulfillment center has no on-hand inventory but receives an order that cannot be
immediately filled, this order represents ______________ if the customer will wait. -
✔✔a backorder
✔✔Causal models might best be used for ______ forecasting while time series model
are mostly used for ________ forecasting. - ✔✔long term; short term
✔✔at the carrier level, the price of transportation is - ✔✔Elastic
✔✔what does TEU stand for? - ✔✔Twenty foot equivalent unit
✔✔evaluate how the economic order quantity is affected if the cost of holding inventory
increases holding all other components the same - ✔✔it decreases
✔✔which is not a reason why doing business in china may be more challenging than in
the US - ✔✔products may be exactly the same
✔✔Which type of flexibility refers to the ability to scale output up and down without
significant penalty? - ✔✔volume flexibility
✔✔which of the following is an example of a fast supply chain model? - ✔✔fashion
apparel
✔✔the fundamental assumption underlying the use of time series forecasting methods
is that _______ - ✔✔if it works well on the past data, the future is an extension of the
past
, ✔✔According to the ATA, what would be the potential impact of a truck stoppage on the
healthcare industry? - ✔✔patient care will be immediately jeopardized in the truck
stoppage zone. prescription drug inventories will be depleted more quickly
✔✔A _____ is a set of 3 or more organizations - ✔✔supply chain
✔✔In the future, how is the heterogeneity of products on a given truckload expected to
change? - ✔✔it is expected to increase
✔✔at the macroeconomic level, the price of transportation is ______ - ✔✔Inelastic
✔✔Which is a key reason why an apparel product might be partially produced in several
different countries? - ✔✔trade agreements between countries
✔✔In the Kraljic Matrix Model, why type of purchase is characterized by few suppliers,
low value added, and product availability? - ✔✔Bottleneck
✔✔if a sourcing manager for Wendy's desires a strategic item relationship approach
with suppliers of frosty mix, how would you describe this relationship? - ✔✔High value
strategic item purchase that needs a collaborative approach, seek ways to create value,
few other qualified suppliers
✔✔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
QUESTIONS SET A+
✔✔Walmart uses a "door per store" philosophy in some of their facilities. What does
that mean? - ✔✔each outbound shipping dock is assigned to a specific store
✔✔If a fulfillment center has no on-hand inventory but receives an order that cannot be
immediately filled, this order represents ______________ if the customer will wait. -
✔✔a backorder
✔✔Causal models might best be used for ______ forecasting while time series model
are mostly used for ________ forecasting. - ✔✔long term; short term
✔✔at the carrier level, the price of transportation is - ✔✔Elastic
✔✔what does TEU stand for? - ✔✔Twenty foot equivalent unit
✔✔evaluate how the economic order quantity is affected if the cost of holding inventory
increases holding all other components the same - ✔✔it decreases
✔✔which is not a reason why doing business in china may be more challenging than in
the US - ✔✔products may be exactly the same
✔✔Which type of flexibility refers to the ability to scale output up and down without
significant penalty? - ✔✔volume flexibility
✔✔which of the following is an example of a fast supply chain model? - ✔✔fashion
apparel
✔✔the fundamental assumption underlying the use of time series forecasting methods
is that _______ - ✔✔if it works well on the past data, the future is an extension of the
past
, ✔✔According to the ATA, what would be the potential impact of a truck stoppage on the
healthcare industry? - ✔✔patient care will be immediately jeopardized in the truck
stoppage zone. prescription drug inventories will be depleted more quickly
✔✔A _____ is a set of 3 or more organizations - ✔✔supply chain
✔✔In the future, how is the heterogeneity of products on a given truckload expected to
change? - ✔✔it is expected to increase
✔✔at the macroeconomic level, the price of transportation is ______ - ✔✔Inelastic
✔✔Which is a key reason why an apparel product might be partially produced in several
different countries? - ✔✔trade agreements between countries
✔✔In the Kraljic Matrix Model, why type of purchase is characterized by few suppliers,
low value added, and product availability? - ✔✔Bottleneck
✔✔if a sourcing manager for Wendy's desires a strategic item relationship approach
with suppliers of frosty mix, how would you describe this relationship? - ✔✔High value
strategic item purchase that needs a collaborative approach, seek ways to create value,
few other qualified suppliers
✔✔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
