UTK SCM 413 Exam 1 Questions with
Complete Solutions
When a firm holds inventory for a longer time than usual (for example, after purchasing large
quantities of inventory due to a quantity discount), the process is known as: extended
storage.
In a warehouse, 'slotting' refers to what? Assigning products to a specific warehouse
location
When all the products for a specific customer order are picked simultaneously throughout the
warehouse, the method being employed is called: wave selection.
The goal of integrated logistics is to: synchronize and link the supply chain.
Over the past several decades, responsiveness has increased, primarily because of:
information technology adoption.
, A supply chain is best described as a(n)________ of ________ companies. group,
collaborative
Which of the following best describes an integrative supply chain process: the linking of
critical parts of a supply chain.
Firms working together to integrate components of a supply chain is known as ________
collaboration
A firm which provides critical operations functionality to members of a supply chain is a(n):
integrated service supplier (ISP).
In order to achieve the lowest total process cost, a supply chain must ________ minimize
the total cost for all involved functions combined
The Anticipatory Business Model is best described by which statement: driven by
forecast.
Which of the following is a 3M business line? Health Care
Complete Solutions
When a firm holds inventory for a longer time than usual (for example, after purchasing large
quantities of inventory due to a quantity discount), the process is known as: extended
storage.
In a warehouse, 'slotting' refers to what? Assigning products to a specific warehouse
location
When all the products for a specific customer order are picked simultaneously throughout the
warehouse, the method being employed is called: wave selection.
The goal of integrated logistics is to: synchronize and link the supply chain.
Over the past several decades, responsiveness has increased, primarily because of:
information technology adoption.
, A supply chain is best described as a(n)________ of ________ companies. group,
collaborative
Which of the following best describes an integrative supply chain process: the linking of
critical parts of a supply chain.
Firms working together to integrate components of a supply chain is known as ________
collaboration
A firm which provides critical operations functionality to members of a supply chain is a(n):
integrated service supplier (ISP).
In order to achieve the lowest total process cost, a supply chain must ________ minimize
the total cost for all involved functions combined
The Anticipatory Business Model is best described by which statement: driven by
forecast.
Which of the following is a 3M business line? Health Care
