SCMN 3710 Exam 2 with Correct Answers 2025

The __ of demand, customer orders, delivery status, inventory stock levels, and production schedules provides managers with the knowledge needs to make effective situational assessments and help develop appropriate responses - Correct Ans-Visibility Supply chain software that provides a platform for manufacturers, distributors, and retailers to aggregate and organize item-related data such as item #, price, description, and weight is called - Correct Ans-Data synchronization tools Which of the below is not part of the seven Rs of logistics? - Correct Ans-Quality The textbook provides an example of how SanDisk improved forecast accuracy by 25%, and achieved higher inventory turns and a lower cost structure as a result of implementing - Correct Ans-An advanced planning solution An inbound-to-logistics system is also referred to as - Correct Ans-Physical supply One type of demand fluctuation is caused by random variation. What is random variation? - Correct Ans-A development that cannot normally be anticipated Demand management includes - Correct Ans-All of these answers (Flows of capital, flows of service, flows of products) Many industry initiatives have attempted to create efficiency and effectiveness through the integration of supply chain activities and processes. Among the various initiatives is/are - Correct Ans-All of these answers (Quick response, efficient consumer response, vendor managed inventory) Customer service can be defined as - Correct Ans-Anything that touches the customer What are the steps in the CRM process? - Correct Ans-Segment customer base, identify service/package, then measure service and improve Which is NOT part of dependability? - Correct Ans-Consistent pricing The term replenishment cycle refers to - Correct Ans-The acquisition of additional inventory Capital cost focuses on the capital tied up in __ and the resulting lost opportunity from investing that capital elsewhere. - Correct Ans-Inventory Seasonal stocks are not influenced by - Correct Ans-EOQ JIT is a ___ system. - Correct Ans-Pull Dependent demand relates to - Correct Ans-Demand for another inventory item or product A quantity discount (price break at higher volume) tends to __ as __. - Correct Ans-Lower carrying cost; incremental quantities decrease What can we use to illustrate a fixed order quantity model, under conditions of certainty, to describe the relationship between inventory units and time? - Correct Ans-Sawtooth model Using the Fixed Order Quantity Model in conditions of uncertainty, an organization must reformulate a reorder point in order to: - Correct Ans-Allow for safety stock Railroads fall into a group called - Correct Ans-Natural monopolies Trade imbalances affect - Correct Ans-Water carriers Economic deregulation sparked competition among carriers in sever areas. Which of these is not an are of competition? - Correct Ans-Accessibility Federal regulatory initiatives initially focused on - Correct Ans-Economic issues, to ensure competition and fair pricing for shippers Transportation rates/prices are typically based on the cost/value of the service, weight, distance, - Correct Ans-Commodity characteristics, and level of service The Maritime Administration (MARAD) is primarily responsible for - Correct Ans-Promoting and operating the US Merchant Marine On demand supply chain software that is not installed on a company computer is gaining in popularity. An issue to be addressed with this purchase option is - Correct Ans-All of these (Total cost of ownership could exceed purchase cost over the long run, functionality may not be as robust as traditional software, data control is an issue) An outbound-to-customer logistics system is also referred to as - Correct Ans-Physical distribution The term functional silos refers to: - Correct Ans-Lack of coordination between departments While interest has traditionally been focused more on the overall length of the OTC cycle, recent attention has been centered on - Correct Ans-Variability or consistency of this process The SCOR model provides suggested metrics... - Correct Ans-Across multiple dimensions for each of the five Level One processes Activity Based Costing - Correct Ans-Can be combined with customer segmentation Inventory and GDP grew by __ amounts between 1994 and 2010. - Correct Ans-Different Batching economies or cycle stocks usually arose from 3 sources. Which of these is not a source? - Correct Ans-Demand In the event of a "stock out" one of the things that could happen is - Correct Ans-Extra shipping cost may be incurred Inventory is an asset on the balance sheet and a ___ on the income statement - Correct Ans-Variable expense The two primary costs (trade offs) analyzed in the EOQ model are - Correct Ans-Ordering/Setup (transportation) and Inventory Carrying/Holding (insurance) The fixed interval model does not require close or constant surveillance of __ - Correct Ans-Inventory The fixed order quantity model works well in a __ based inventory replenishment system. - Correct Ans-All of the above (Pull, perpetual, push) Which is not a mode of transportation? - Correct Ans-3PL Which of these is not a freight document? - Correct Ans-Routing Guide The National Transportation Safety Board (NTSB) is primarily responsible for working with other DoT agencies by - Correct Ans-Investigating major accidents and making recommendations for improving safety The Federal Highway Administration (FHWA) is responsible for - Correct Ans-Assessing safety programs of trucking companies Four types of forecast error measures can be used. Which one of the following is not one of the four types? - Correct Ans-Exponential smoothing for trends Oversupply is created by - Correct Ans-Phantom demand The weighted moving average method assigns - Correct Ans-A weight to each previous period Order management system represents the principle means by which - Correct Ans-Buyers and sellers communicate information relating to individual orders of product Traditional customer profitability analyses would start with __ less returns and allowances (net sales) and subtract the cost of goods sold. - Correct Ans-Gross sales Which department does not have any impact on inventory? - Correct Ans-Corporate governance If your actual order quantity deviates __ from the EOQ derived optimal order quantity, the actual total cost will be __. - Correct Ans-Moderately; not much greater than optimal Air carriers were historically looked upon as - Correct Ans-Emergency only carriers Transportation efficiency promotes __ in the supply chain. - Correct Ans-Competition The Department of Transportation is responsible for - Correct Ans-National transportation policy to ensure the safety and efficiency of our national transportation system The Federal Motor Carrier Safety Administration (FMCSA) works with, but is independent from, the __ in improving the safety of the motoring public on our nations highways. - Correct Ans-NTSB Characteristics of the product being shipped that have an effect on rates/prices include - Correct Ans-Density, stowability, ease of handling, and liability/value The essence of demand management is to estimate and manage ___ and use this information to make operating decisions. - Correct Ans-Customer demand The internal balancing method deals with - Correct Ans-Inventory and production flexibility A DRP system is usually coupled with a __ system in