SCM 461 Exam 1 Questions With 100%
Verified Answers
Place Utility -
correct answer ✅Infers that customers have product available
where they demand it
Time Utility -
correct answer ✅Suggests that customers have access to product
when they demand it.
Logistics -
correct answer ✅That part in supply chain management that
plans, implements, and controls the efficient, effective forward and
reverse slow and storage of goods, services & related information
from the point of origin to the point of consumption in order to
meet customers' requirements
Reverse Logistics -
correct answer ✅The role of logistics in product returns, source
reduction, recycling, materials substitution, reuse of materials,
waste disposal, and refurbishing, repair, and re manufacturing
Systems Approach -
correct answer ✅The recognition of interrelationships among
,SCM 461 Exam 1 Questions With 100%
Verified Answers
transportation, inventory, warehousing, information exchange &
customer service
Supply Chain -
correct answer ✅The network of companies that work together to
provide a good/service for end users/customers
Node -
correct answer ✅The locations in a supply chain network
Links -
correct answer ✅The connections in a supply chain network
Friction of Distance -
correct answer ✅The more difficult it is to move product over a
distance the greater this is...
Flow -
correct answer ✅Term used to represent transportation
Optimized Logistics Performance -
correct answer ✅Forecasting demand, planning inventory &
, SCM 461 Exam 1 Questions With 100%
Verified Answers
storing goods and delivering them; work closely so that the
customer of the logistics service is satisfied with the service, yet the
cost of the company incurs is minimized
Supply Chain Management -
correct answer ✅Encompasses the planning and management of
all activities involved in sourcing, procurement, conversion &
logistics management
5 Modes of Transportation (1-5) costly to less costly -
correct answer ✅Air, Truck, Rail, Water, Pipeline
Modal Split -
correct answer ✅Refers to the market share, as measured by total
revenues earned by carriers operating within that mode
Ton-Mile -
correct answer ✅A combined measure associated with moving 1
ton (2,000 lbs.) a distance of 1 mile
Road (or Motor) Transportation -
correct answer ✅Most common form of transport in most settings
Verified Answers
Place Utility -
correct answer ✅Infers that customers have product available
where they demand it
Time Utility -
correct answer ✅Suggests that customers have access to product
when they demand it.
Logistics -
correct answer ✅That part in supply chain management that
plans, implements, and controls the efficient, effective forward and
reverse slow and storage of goods, services & related information
from the point of origin to the point of consumption in order to
meet customers' requirements
Reverse Logistics -
correct answer ✅The role of logistics in product returns, source
reduction, recycling, materials substitution, reuse of materials,
waste disposal, and refurbishing, repair, and re manufacturing
Systems Approach -
correct answer ✅The recognition of interrelationships among
,SCM 461 Exam 1 Questions With 100%
Verified Answers
transportation, inventory, warehousing, information exchange &
customer service
Supply Chain -
correct answer ✅The network of companies that work together to
provide a good/service for end users/customers
Node -
correct answer ✅The locations in a supply chain network
Links -
correct answer ✅The connections in a supply chain network
Friction of Distance -
correct answer ✅The more difficult it is to move product over a
distance the greater this is...
Flow -
correct answer ✅Term used to represent transportation
Optimized Logistics Performance -
correct answer ✅Forecasting demand, planning inventory &
, SCM 461 Exam 1 Questions With 100%
Verified Answers
storing goods and delivering them; work closely so that the
customer of the logistics service is satisfied with the service, yet the
cost of the company incurs is minimized
Supply Chain Management -
correct answer ✅Encompasses the planning and management of
all activities involved in sourcing, procurement, conversion &
logistics management
5 Modes of Transportation (1-5) costly to less costly -
correct answer ✅Air, Truck, Rail, Water, Pipeline
Modal Split -
correct answer ✅Refers to the market share, as measured by total
revenues earned by carriers operating within that mode
Ton-Mile -
correct answer ✅A combined measure associated with moving 1
ton (2,000 lbs.) a distance of 1 mile
Road (or Motor) Transportation -
correct answer ✅Most common form of transport in most settings
