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Transportation Management belongs to which foundation of Supply Chain Management? - Answer Distribution A __________ is a set of three or more organizations linked directly by one or more of the upstream or downstream flows of products, services, finances, and information from a source to a customer. - Answer Supply Chain T/F The bullwhip effect is the result of companies producing excessive defective products; defective items are whipped back from the end customer toward the man...

Resource planning is an activity within which foundation of supply chain management? - Answer Operations Management What are the main categories of resource planning? - Answer 1. Materials 2. Capacity What gets more detailed when progressing from aggregate planning to MRP? - Answer Product Classifications What things are balanced in resource planning? - Answer 1. Production Rate 2. Workforce Level 3. Inventory on Hand Are inputs to resource planning external or...

CyMed manufactures life-saving medications that must be delivered on short notice. This results in CyMed having high _________ cost. - Answer Transportation Johnson & Johnson responded to children getting into medication by implementing tamper-resistant seals. This action increased which logistics cost? - Answer Packaging This is typically the most expensive leg of the transportation journey - Answer The last mile: getting the finished product to the consumer, difficult beca...

Supply Chain - Answer consists of the flow of products and services from: - Raw materials manufacturers - Component and intermediate manufacturers - Final product manufacturers - Wholesalers and distributors and - Retailers Connected by transportation and storage activities, and integrated through information, planning, and integration activities Upstream Supply Chain beginning at the Focal firm - Answer - Set of firms that supply the raw materials (2nd tier), intermediate co...

Logistics - Answer The process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods including services, and related info. from the point of origin to the point of consumption for the purpose of conforming to the customer requirements. Transportation - Answer Moving people and things from one place to another. Warehousing - Answer enable firms to store purchases, WIP, FG, as well as faster and more frequent ...

Warehousing - Answer Companies storing their purchases, work-in progress, and finished goods Distribution Center - Answer A warehouse that is used to receive bulk shipments, break them down, repackage items, and distribute them to a manufacturing center or retail center Crossdocking - Answer Unloading an inbound vehicle and reloading the product onto an outbound vehicle with little to no storage Sorting - Answer Separating products into grades and qualities Assort...

Inventory - Answer A stock of materials used to satisfy customer demand or to support the production of goods or services Inventory management - Answer Planning and controlling of inventories to meet competitive priorities of the organization Why Smaller Inventories - Answer Cost of capital, storage and handling costs, taxes, insurance, shrinkage (Pilferage, obsolescence, deterioration) Why Bigger Inventories - Answer Better customer service, avoid stockouts; smaller...

Outsourcing - Answer buying materials and components from suppliers instead of making them in-house. The sourcing trend has moved toward _____________________ - Answer outsourcing Backward Vertical Integration - Answer refers to acquiring sources of supply. Forward Vertical Integration - Answer refers to acquiring customer's operations. The Make or Buy decision is a __________________ decision - Answer Strategic TCO - Answer Total Cost of Ownership...

Elements of Lean - Answer 1. Waste Reduction 2. Lean Layouts 3. Lean Supply Chain Relationship 4. Inventory & Set-Up Time Reduction 5. Small Batch Scheduling 6. Continuous Improvement 7. Workforce Enablement Seven Wastes - Answer 1. Overproduction 2. Waiting Time 3. Unnecessary Transportation 4. Over Processing 5. Excess Inventory 6. Unnecessary Motion 7. Defects The Five S's - Answer 1. Sort 2. Set in order 3. Shine 4. Standardize 5. Sustain Causes of...

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Bandwidth - Answer a data transmission rate Colocation facilities - Answer data centers where equipment space and bandwidth are available for rental to retail customers Cybersquatting - Answer registering, trafficking in, or using a domain name with bad faith intent to profit from the goodwill of a trademark belonging to someone else domain name service - Answer an internet related service that translates domain names into internet protocol (IP) numeric address fa...

Online Analytical Processing (OLAP) - Answer A method of querying and reporting that takes data from standard relational databases, calculates and summarizes the data, and then stores the data in a special database called a data cube. Awareness, evaluation, purchase, delivery, after sales - Answer What is the correct order of channel phases? data mart - Answer A database or databases focused on addressing the concerns of a specific problem (e.g., increasing customer retentio...

What is the principle that the speed and capability of computers can be expected to double every 18 months, as a result of increases in the number of transistors a microchip can contain? A. President Biden's Law B. Professor Robertson's Law C. Moore's Law D. Bevo's Law - Answer C. Moore's Law You can buy a fridge that can tell you when you're running low on milk, or a coffee maker that you can talk to from an app on your phone. This is an example of what concept? A...

Informed User - Answer A person knowledgeable about information systems and information technology Why you should be an informed user - Answer 1. Benefit more from your organization's IT applications 2. Be in a position to enhance the quality of your organization/s IT applications with your output 3. Quickly be in a position to recommend- and perhaps help select-the IT applications that your organization will use 4. Keeps you abreast of both new information technology and rapi...

Which of the following is the best example of a DDoS attack? a) Multiple computers flooding a website's server with traffic, causing it to crash and become inaccessible b) Installing malware on a computer to remotely control it and steal personal information c) A phishing email tricking users into revealing their login credentials for a popular social media platform d) A hacker gaining unauthorized access to a company's database and deleting critical customer records - Answer a) M...

In Tableau, which of the following is NOT a discrete dimension? a. State b. row ID c. Customer Name d. Unit Price e. number of threads in a sheet - Answer Unit Price In Tableau, a measure is which of the following types of variables? a. Numeric b. None of the listed c. Categorical d. Moderating e. Intervening - Answer Numeric Tableau is a data visualization tool used in the Business Intelligence Industry True or False - Answer True Tableau Public is free to all...

Software that is free and whose code can be accessed and potentially modified by anyone is referred to as _____. a) open source software b) proprietary software c) available files d) shared source files - Answer open-source software Network effect is when the value of a product or service increases as its number of users expands. true/false? - Answer true Smartphone apps have a huge benefit for increasing engagement over browser-based desktop services because of _________. -...

When a firm has an IPO, it is said to have - Answer gone public, selling shares on a public stock exchange for the first time Investor groups that provide funding in exchange for an ownership stake in the firm are called - Answer venture capitalists Mark Zuckerberg, the founder of Facebook, ensured that he remained in control of the firm even after it went public by - Answer retaining a majority of voting rights in the public company The deep Web refers to - Answer s...

IPO - Answer Initial public offering, a corporation's first offer to sell shares to the public Internet of Things - Answer A vision where low-cost sensors, processors, and communication are embedded into a wide array of products and our environment, allowing a vast network to collect data, analyze input, and automatically coordinate collective action. Sarbanes-Oxley Act - Answer Also known as Sarbox or SOX; U.S. legislation enacted in the wake of the accounting scandals o...

Disruptive Technology - Answer a new way of doing things that initially does not meet the needs of existing customers. These tend to open new markets and destroy old ones. Mental Models - Answer clusters of propositions/knowledge structures that guide our interaction with the world. Evidence: create map and found same pattern longer distance took longer barriers to entry - Answer anything that keeps new firms from entering an industry in which firms are earning economic pro...