PRACTICE QUESTIONS WITH 100% SOLVED
ANSWERS!!
1 of 53
Term
Which driver of information, product and funds movement is "the
process by which a company decides how much to charge for its
products or services"?
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, Define -Information
Measur -Pricing***
e -Sourcing
Anticipate* -Inventory
** Control
-Level strategy -Information***
-Chase strategy*** -Pricing
-Smoothing -Sourcing
strategy
-Inventory
-Optimization
strategy
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2 of 53
Term
En-route goods or materials which are in the ownership of
the firm but in the possession of the carrier:
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-Cumulative advantage -Responsive and efficient***
-Continuous advantage -Dynamic and static
-Competitive -Rigid and flexible
advantage***
-Discrete and continuous
-Customer advantage
-Order initiation -Cycle inventory
-Order winners -Safety inventory
-Order -Anticipation inventory
qualifiers***
-In-transit inventory***
-Order profiles
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3 of 53
Term
Items such as "Disaggregation breaks the plan down into greater
detail" and "Disaggregation results in a master production
schedule (MPS)" or "Decisions are made at a product
family (not SKU) level" are characteristics of:
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-Cycle inventory*** -Cross planning
-Safety inventory -Aggregate planning***
-Anticipation -Vendor managed planning
inventory
-Moving average planning
-In-transit inventory
-Level strategy -Responsive and efficient***
-Chase strategy*** -Dynamic and static
-Smoothing -Rigid and flexible
strategy
-Discrete and continuous
-Optimization
strategy
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, 4 of 53
Term
When considering the role of IT in transportation, it can assist in:
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-The WMA (Weighted Moving Average)
-The EOQ (Economic Ordering Quantity)
-The CSL (Customer Service Level)***
-The DPQ (Desired Probability Quotient)
-Forecasts are usually correct
-Long-term forecasts are more accurate than short-term forecasts
-Aggregate forecasts are less accurate than disaggregate forecasts
-None of the above are correct statements about forecasts***
Identifying an item
Assembling the shipment
Operating a information
system Receiving an item***
Identification of optimal routes by minimizing costs subject to
delivery constraints
Optimal fleet
utilization GPS
applications
All of the above***
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5 of 53