UARK SCMT 2103 DONNIE WILLIAMS EXAM QUESTIONS AND
100% CORRECT ANSWERS
\Q\.what is walmarts logistic network design strategy - ANSWERS✔-build stores around a
distribution center
\Q\.What is logistics? - ANSWERS✔-the management of the flow of things between the point of
origin and the point of consumption in order to meet requirements of customers or
corporations
\Q\.Trade-off - ANSWERS✔-an alternative that we sacrifice when we make a decision
\Q\.Supply Chain Management - ANSWERS✔-The integration and coordination of logistics,
purchasing, operations, and market channels activities from raw material to the end-customer
\Q\.economies of scale - ANSWERS✔-the reduction in average cost per unit when volumes are
increased
\Q\.Outsourcing - ANSWERS✔-obtain (goods or a service) from an outside or foreign supplier,
especially in place of an internal source.
\Q\.process redesign - ANSWERS✔-is concerned with improving performance but does so by
changing the order of the activities
\Q\.Process Improvement - ANSWERS✔-is considered with increasing the speed of the process,
reducing the cost of the process, or increasing the reliability of the process
100% CORRECT ANSWERS
\Q\.what is walmarts logistic network design strategy - ANSWERS✔-build stores around a
distribution center
\Q\.What is logistics? - ANSWERS✔-the management of the flow of things between the point of
origin and the point of consumption in order to meet requirements of customers or
corporations
\Q\.Trade-off - ANSWERS✔-an alternative that we sacrifice when we make a decision
\Q\.Supply Chain Management - ANSWERS✔-The integration and coordination of logistics,
purchasing, operations, and market channels activities from raw material to the end-customer
\Q\.economies of scale - ANSWERS✔-the reduction in average cost per unit when volumes are
increased
\Q\.Outsourcing - ANSWERS✔-obtain (goods or a service) from an outside or foreign supplier,
especially in place of an internal source.
\Q\.process redesign - ANSWERS✔-is concerned with improving performance but does so by
changing the order of the activities
\Q\.Process Improvement - ANSWERS✔-is considered with increasing the speed of the process,
reducing the cost of the process, or increasing the reliability of the process
