SCM 413 MIDTERM QUESTIONS AND
CORRECT ANSWERS
We want to reduce inventory in the supply chain. Not "______" of total amount of inventory
✅✅ANSW-Ownership
What is the difference between 3PL and 4PL ✅✅ANSW-3PL: Another company that is managing 1
link of my transportation
4PL: Managing a whole supply chain
What are the 3 supply chain facilitators? ✅✅ANSW-3Pl's, 4PL's, and Supply chain software
What is the the Supply Chain Value proposition? ✅✅ANSW-Configure in a customer relevant way
while simultaneously increasing quality, productivity and operational excellence
What are the 3 factors fundamental to transportation performance? ✅✅ANSW-Cost, speed,
consistency
Logistical systems should utilize transportation that minimizes _____ _____ _____ ✅✅ANSW-
total system cost.
What are the 3 things we move in supply chain? ✅✅ANSW-Inventory, Information, Cash
What are the 7 R's of logistics ✅✅ANSW-The Right Product
In the right quantity
In the right condition
At the right price
At the right time
At the right cost
And delivered to the right customer
, Said differently: what do logistics managers manage? ✅✅ANSW-Total Landed Cost
What are the 6 types of Inventory? ✅✅ANSW-Normal
Safety/Buffer
In-transit
Speculative/Phychic
Seasonal
Dead
In logistics a customer is internal or external? ✅✅ANSW-Both
______ touches or has an impact in every part of the company ✅✅ANSW-Logistics
What is the USNS Watson? ✅✅ANSW-Floating logistics arm for the US Navy
Essentially, supply Chain Management integrates _______ ___ ______ management within and
across companies ✅✅ANSW-supply and demand
What are the 2 things that successful supply chains have? ✅✅ANSW-1) an enterprise-to-
enterprise point of view
2) a systems approach aco
What does SCOR Stand for? ✅✅ANSW-Plan, Source, Make, Deliver, Return
What is the bullwhip effect? ✅✅ANSW-The bullwhip effect occurs when small fluctuations in
retail demand cause fluctuations in wholesale, distributor and manufacturer demand, resulting in
inefficiency and disorganization throughout the supply chain.
What are the 5 Primary modes of transportation? ✅✅ANSW-Water
Air
Road
Rail
CORRECT ANSWERS
We want to reduce inventory in the supply chain. Not "______" of total amount of inventory
✅✅ANSW-Ownership
What is the difference between 3PL and 4PL ✅✅ANSW-3PL: Another company that is managing 1
link of my transportation
4PL: Managing a whole supply chain
What are the 3 supply chain facilitators? ✅✅ANSW-3Pl's, 4PL's, and Supply chain software
What is the the Supply Chain Value proposition? ✅✅ANSW-Configure in a customer relevant way
while simultaneously increasing quality, productivity and operational excellence
What are the 3 factors fundamental to transportation performance? ✅✅ANSW-Cost, speed,
consistency
Logistical systems should utilize transportation that minimizes _____ _____ _____ ✅✅ANSW-
total system cost.
What are the 3 things we move in supply chain? ✅✅ANSW-Inventory, Information, Cash
What are the 7 R's of logistics ✅✅ANSW-The Right Product
In the right quantity
In the right condition
At the right price
At the right time
At the right cost
And delivered to the right customer
, Said differently: what do logistics managers manage? ✅✅ANSW-Total Landed Cost
What are the 6 types of Inventory? ✅✅ANSW-Normal
Safety/Buffer
In-transit
Speculative/Phychic
Seasonal
Dead
In logistics a customer is internal or external? ✅✅ANSW-Both
______ touches or has an impact in every part of the company ✅✅ANSW-Logistics
What is the USNS Watson? ✅✅ANSW-Floating logistics arm for the US Navy
Essentially, supply Chain Management integrates _______ ___ ______ management within and
across companies ✅✅ANSW-supply and demand
What are the 2 things that successful supply chains have? ✅✅ANSW-1) an enterprise-to-
enterprise point of view
2) a systems approach aco
What does SCOR Stand for? ✅✅ANSW-Plan, Source, Make, Deliver, Return
What is the bullwhip effect? ✅✅ANSW-The bullwhip effect occurs when small fluctuations in
retail demand cause fluctuations in wholesale, distributor and manufacturer demand, resulting in
inefficiency and disorganization throughout the supply chain.
What are the 5 Primary modes of transportation? ✅✅ANSW-Water
Air
Road
Rail
