SCMN-3710 Exam Questions and
Answers8
The ultimate metric calculated through the Strategic Profit Model is: - ANSWERS -return of
assets
Efficiency metrics are associated with ____________ while effectiveness metrics focus on
_______________. - ANSWERS -cost, service
Lapide suggests Perfect Order may not be a perfect metric for companies because: - ANSWERS
-- it may result in rising Logistic costs
- it may cause process problems to go unresolved
- it incentivizes hero behavior from employees
In recent years, power in the supply chain is perceived to be held primarily by: - ANSWERS -
retailers
The supply chain concept is described as evolving through _______ stages of development. -
ANSWERS -three
A supply chain is a set of ________ directly linked by one or more of the upstream and
downstream flows of products, services, finances, and information (including demand) from a
source to a customer. - ANSWERS -three or more organizations
Which of the following statements can be used to distinguish Logistics from Supply Chain
Management? - ANSWERS -Logistics deals with the movement and storage of inventory
, Logistics adds value through which form of economic utility? - ANSWERS -time
Mechanical equipment used for short distance moves is the definition of: - ANSWERS -materials
handling
Logistics costs as a percentage of GDP have stabilized in the past decade in what range? -
ANSWERS -7-8%
Which era of globalization was driven primarily by companies? - ANSWERS -second era
The U.S.' largest trading partner is currently ________. - ANSWERS -china
Carriers must send Customs a complete cargo manifest prior to cargo destined for the US being
loaded in the port of departure. What is the term of this policy? - ANSWERS -24-hour rule
"Focused efforts to estimate and manage customers' demand, with the intention of using this
information to shape operating decisions" is the definition of: - ANSWERS -demand
management
__________ may occur in a situation where channel partners over order when they believe
supply will not be able to keep up with initial demand. - ANSWERS -phantom demand
Companies may attempt to shift demand through price changes when supply of products is
unsure. This process is referred to as: - ANSWERS -demand shaping
An estimate of future results based on the analysis of available information is the definition of: -
ANSWERS -forecasting
Answers8
The ultimate metric calculated through the Strategic Profit Model is: - ANSWERS -return of
assets
Efficiency metrics are associated with ____________ while effectiveness metrics focus on
_______________. - ANSWERS -cost, service
Lapide suggests Perfect Order may not be a perfect metric for companies because: - ANSWERS
-- it may result in rising Logistic costs
- it may cause process problems to go unresolved
- it incentivizes hero behavior from employees
In recent years, power in the supply chain is perceived to be held primarily by: - ANSWERS -
retailers
The supply chain concept is described as evolving through _______ stages of development. -
ANSWERS -three
A supply chain is a set of ________ directly linked by one or more of the upstream and
downstream flows of products, services, finances, and information (including demand) from a
source to a customer. - ANSWERS -three or more organizations
Which of the following statements can be used to distinguish Logistics from Supply Chain
Management? - ANSWERS -Logistics deals with the movement and storage of inventory
, Logistics adds value through which form of economic utility? - ANSWERS -time
Mechanical equipment used for short distance moves is the definition of: - ANSWERS -materials
handling
Logistics costs as a percentage of GDP have stabilized in the past decade in what range? -
ANSWERS -7-8%
Which era of globalization was driven primarily by companies? - ANSWERS -second era
The U.S.' largest trading partner is currently ________. - ANSWERS -china
Carriers must send Customs a complete cargo manifest prior to cargo destined for the US being
loaded in the port of departure. What is the term of this policy? - ANSWERS -24-hour rule
"Focused efforts to estimate and manage customers' demand, with the intention of using this
information to shape operating decisions" is the definition of: - ANSWERS -demand
management
__________ may occur in a situation where channel partners over order when they believe
supply will not be able to keep up with initial demand. - ANSWERS -phantom demand
Companies may attempt to shift demand through price changes when supply of products is
unsure. This process is referred to as: - ANSWERS -demand shaping
An estimate of future results based on the analysis of available information is the definition of: -
ANSWERS -forecasting
