DETAILED VERIFIED AND 100% ACCURATE ANSWERS
BRAND NEW EXAM ALREADY GRADED A+ PASS
Supply Chain management and business Logistics are slightly different
concepts but generally can be used to describe the same thing Ans✓✓✓
true
some future Trends in hospital purchasing include all the following
except Ans✓✓✓ less standardization of products to meet border patient
and physician needs
Supply Chains Are One Way relationships showing the flow of products
from manufacturers to patients Ans✓✓✓ false
at a minimum, a hospital inventory policy will include all the following
except Ans✓✓✓ what Physicians are allowed to make Supply
recommendations
imperfect information between parties in the supply chain can result in a
"bullwhip effect" Ans✓✓✓ false
generally accepted inventory valuation methods include Ans✓✓✓ fifo
customer service has little revelance in Supply Chain management
where costs and efficient distribution take precedence Ans✓✓✓ false
, inventory turn over is calculated using these formulas Ans✓✓✓ cost of
goods sold / average inventory
all parties in the supply chain have differing goals and interests
Ans✓✓✓ false
return on inventory is calculated using which of these formulas?
Ans✓✓✓ net income divided / inventory
Hospital significantly lag behind other Industries in the deployment of
Advanced Management system to drive Supply chain optimization
Ans✓✓✓ true
shrinkage is calculated using which of these formulas Ans✓✓✓ total
Book value subtracted observed value / inventory
combined planning, forecasting, and reimbursement (CPFR) is the name
for the process that seeks to improve the relationship or partnership
between retailers and suppliers Ans✓✓✓ true
days inventory on hand D I O is calculated using which of these
formulas? Ans✓✓✓ total number of units on hand / average daily units
use