- Study guides, Class notes & Summaries

IDIS 343 Final Questions with Correct Answers| Latest Update Guaranteed Success

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26 pages

Written in 2024/2025

Grade A+

DrJon

TAMU IDIS 343 Exam 1 Questions with Correct Answers| Latest Update Guaranteed Success

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26 pages

Written in 2024/2025

Grade A+

DrJon

IDIS 343 Exam 3 Questions with Correct Answers| Latest Update Guaranteed Success

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17 pages

Written in 2024/2025

Grade A+

DrJon

IDIS 343 Exam 2 TAMU Questions with Correct Answers| Latest Update Guaranteed Success

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4 pages

Written in 2024/2025

Grade A+

DrJon

TAMU IDIS 343 Exam 1 Questions and Answers Already Passed Supply Chain Management - Answers Getting the right goods or services to the right place, at the right time, and in the desired condition at the lowest cost and highest return on investment. Supply Chain Structure - Answers raw material --> manufacturer --> distributor --> end user Business Logistics is made up of? - Answers Physical Supply and Physical Distribution Physical Supply - Answers (materials management) Transpo...

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20 pages

Written in 2024/2025

Grade A+

TutorJosh

IDIS 343 Bundled Exams Answered Correctly Latest Update 2025/2026

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3 items

TutorJosh

IDIS 343 Exam 1 Questions and Answers Solved Correctly The Logistics/SC Mission - Answers Getting the right goods or services to the right place, at the right time, and in the desired condition at the lowest cost and highest ROI Primary Activities/Processes - Answers - Setting customer service goals - Transportation - Inventory management - Location Secondary, or supporting Activities/Processes - Answers - Warehousing - Materials handling - Acquisition (purchasing) - Protective packagi...

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14 pages

Written in 2024/2025

Grade A+

TutorJosh

IDIS 343 Exam 2 TAMU Questions and Answers Already Passed Graded A+ Annual holding cost is calculated based on - Answers Average inventory If EOQ is ordered which of the following is true? - Answers Annual order cost is equal to the annual holding cost The Setup cost (in a production scenario) are analogous _________ costs. - Answers ordering The slope of the total cost curve at EOQ is - Answers zero The three general classes of costs that are important in identifying the EOQ - Answers Purc...

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3 pages

Written in 2024/2025

Grade A+

TutorJosh

IDIS 343 Exam 3 Questions and Answers 100% Pass Importance of an Effective Transportation System - Answers An efficient and inexpensive transportation system contributes to greater competition in the marketplace, greater economies of scale in production, and reduced prices for goods. - Greater competition: distant markets can be targeted easily. - Economies of scale: inexpensive transportation allows decoupling of markets and production sites. This provides a degree of freedom to choose pro...

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14 pages

Written in 2024/2025

Grade A+

TutorJosh

Idis 343 Final Questions And Answers

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16 pages

Written in 2024/2025

Grade A+

Greaterheights

IDIS 343 Exam Pack TAMU Correctly Answered Questions| UpToDate | Already Graded A+

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9 items

Axpert

supply chain : Supply chain influences all activities that we perform from initial raw material / supplier to end customer What is Supply Chain Management (SCM)? : The fortune quote defines it as -"Overseeing the movement of goods from the customers order through to production, storage, and distribution." A better definition might be -"A set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distrib...

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33 pages

Written in 2023/2024

Grade A+

Axpert

Carrying Cost : cost for carrying inventory over time the primary cost is the cost of money tied up in inventory, but also includes obsolescence, insurance, personal property taxes, and storage costs Procurement Costs : cost of preparing the order, order transmission, production setup, materials handling/ processing at the receiving dock price of goods Out-of-stock Costs include : lost sales cost & backorder cost Lost Sales Cost : profit immediately foregone, future profits foregone...

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20 pages

Written in 2023/2024

Grade A+

Axpert

Carrying Cost : cost for carrying inventory over time the primary cost is the cost of money tied up in inventory, but also includes obsolescence, insurance, personal property taxes, and storage costs Procurement Costs : cost of preparing the order, order transmission, production setup, materials handling/ processing at the receiving dock price of goods Out-of-stock Costs include : lost sales cost & backorder cost Lost Sales Cost : profit immediately foregone, future profits foregone...

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20 pages

Written in 2023/2024

Grade A+

Axpert

what 3 things need to be right in supply chain management definition? : quantities, locations, time primary logistics activities : CS goals, inventory management, transportation, location % of GDP that is logistics costs : 10.5-12 why are customers more demanding of the supply chain? : they want quick response & mass customization 4 ways logistics adds value : form, ownership, time, place 2 largest logistics costs : transportation & inventory most frequent logistics tradeoffs 2 | P ...

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13 pages

Written in 2023/2024

Grade A+

Axpert

Primary Key Act/Processes : setting customer service goals, transportation, inventory management, location Secondary Key Act/Processes : warehousing, materials handling, acquisition, protective packaging, product scheduling, order processing Customer Service Triangle : inventory, transportation, and location strategy customer desires in the supply chain : quick response & mass customization an integral part of company strategy : generate revenue & improve profit logistics is a key to...

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14 pages

Written in 2023/2024

Grade A+

Axpert

Carrying Costs: : -Cost for holding the inventory over time -Typically costs range from short term capital to about 40% per year. The average is about 25%/year of the item value in inventory. Primary cost of carrying costs : Money tied up in inventory What are the different costs for carrying costs? : -Money tied up in inventory -Obsolescence -Insurance -Personal Property Taxes -Storages costs Procurement costs: : -Cost of preparing the order -Cost of order transmission -Cost of ...

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16 pages

Written in 2023/2024

Grade A+

Axpert

Annual holding cost is calculated based on : Average inventory If EOQ is ordered which of the following is true? : Annual order cost is equal to the annual holding cost The Setup cost (in a production scenario) are analogous _________ costs. : ordering The slope of the total cost curve at EOQ is : zero The three general classes of costs that are important in identifying the EOQ : Purchase cost, ordering cost, holding cost Which of the following is NOT an advantage of a periodic review ...

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6 pages

Written in 2023/2024

Grade A+

Axpert

Logistics : The art and science of obtaining, producing and distributing material and product in the proper place and in proper quantities US Business Logistics Costs : USBLC Cost, Speed of Delivery, Flexibility, IT Resources : Transportation is typically decided based on a trade-off of what? Air : Mode of Transportation: -Fast and Reliable -Expensive Air : Mode of Transportation that is good for: 2 | P a g e -Shipping high-value -Lightweight over long distances -Expediting Tru...

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11 pages

Written in 2023/2024

Grade A+

Axpert

IDIS 343 Final Review Exam Graded A+

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7 pages

Written in 2023/2024

Grade A+

CLOUNDLite