SCMT 2103- EXAM 2 QUESTIONS WITH
100% SOLVED ANSWERS!!
1 of 57
Definition
consumption _______ expectations is either a problem or reflects
inaccurate expectations
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below value
rebuy above
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2 of 57
Definition
the process of give and take the parties go through to
reach an agreement
- specific items, prices and service levels are agreed upon
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following a plan contract negotiation
vendor selection distribution planning
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3 of 57
Definition
the process involved in planning for distribution activities
- inbound /outbound transportation, warehouse
management, setting inventory levels, put away and
picking, packaging and loading, and various
administrative functions.
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, distribution planning supply planning
production planning production scheduling
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4 of 57
Definition
understanding of how much of what categories of
products are being bought across the entire company as
well as by each
operating unit
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contract management convenience goods
consumption management inventory management
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5 of 57
Definition
the majority of sales is generated from a smaller subset of
items
- derived from observation of product patterns across
various firms over time
, - 80% of sales comes from 20% of items in assortment
- Only 20% of all movies, TV Shows, Games, and Mass-
Market Books will be successful
- not always 100% accurate
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pareto's principle direct purchasing
contract negotiation distribution planning
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6 of 57
Definition
- high levels of inventory
- many short production runs
- objective: quick delivery of product and in-stock
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high levels of
high utilization rates customer service
decision making less frequent production runs
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100% SOLVED ANSWERS!!
1 of 57
Definition
consumption _______ expectations is either a problem or reflects
inaccurate expectations
Give this one a try later!
below value
rebuy above
, Don't know?
2 of 57
Definition
the process of give and take the parties go through to
reach an agreement
- specific items, prices and service levels are agreed upon
Give this one a try later!
following a plan contract negotiation
vendor selection distribution planning
Don't know?
3 of 57
Definition
the process involved in planning for distribution activities
- inbound /outbound transportation, warehouse
management, setting inventory levels, put away and
picking, packaging and loading, and various
administrative functions.
Give this one a try later!
, distribution planning supply planning
production planning production scheduling
Don't know?
4 of 57
Definition
understanding of how much of what categories of
products are being bought across the entire company as
well as by each
operating unit
Give this one a try later!
contract management convenience goods
consumption management inventory management
Don't know?
5 of 57
Definition
the majority of sales is generated from a smaller subset of
items
- derived from observation of product patterns across
various firms over time
, - 80% of sales comes from 20% of items in assortment
- Only 20% of all movies, TV Shows, Games, and Mass-
Market Books will be successful
- not always 100% accurate
Give this one a try later!
pareto's principle direct purchasing
contract negotiation distribution planning
Don't know?
6 of 57
Definition
- high levels of inventory
- many short production runs
- objective: quick delivery of product and in-stock
Give this one a try later!
high levels of
high utilization rates customer service
decision making less frequent production runs
Don't know?
