Lscm Study guides, Study notes & Summaries

LSCM FINAL EXAM QUESTIONS & ANSWERS 2024/2025 Total annual ORDER COST in the simple EOQ model is a function of the cost of placing an order and: - ANSWERSthe number of orders per year Time utility depends on - ANSWERSTransportation companies delivering on time to customers. If there is demand variability and you place an order (re-order point) when the units at hand equal average demand during lead time, you will - ANSWERS Which of the following statements is incorrect? - ANSWERS ...

LSCM Review Exam 2 Questions & Answers 2024/2025 Many organizations have directed significant attention toward working more closely with supply chain partners, including not only customers and suppliers but also various types of logistics suppliers. - ANSWERStrue A horizontal relationship refers to firms on the same level in the supply chain - ANSWERSfalse The range of relationships with 3PLs ranges from being a vendor to being a vertical supplier - ANSWERSfalse The first stage in ...

LSCM Exam 1 2024 with 100% Correct Answers Landed costs are independent of sales/FOB terms. t/f - ANSWERSF An advantage of e-sourcing and e-procurement is that there is little risk involved t/f - ANSWERSF e-Sourcing and e-procurement are the same t/f - ANSWERST The mathematical calculation of the point of equality between systems under analysis is used for short-run/static analysis t/f - ANSWERSF It is predicted that social networks such as Facebook and Twitter will influence s...

LSCM Final Review Exam 2 Questions & Answers 2024/2025 Pareto Analysis may be used to classify parts, customers, or activities. When determining the pareto segments to classify oarts, you should: - ANSWERSThere will rarely be a clean break at the 80% (or 20%) point so your cut-off is subjective; however the general 80-20 relationship still holds. The objective of inventory management is to: - ANSWERSIncrease corporate profitability All of the following are reasons for holding inventor...

LSCM final exam 1 questions & answers 2024/2025 The total value of international trade (2012) in services and merchandise is about ___. - ANSWERS$ 23 Trillion International trade is still mostly concentrated among the developed countries of the Northern Hemisphere. Which country is the largest importer of the world? - ANSWERSUnited States The common currency of most of the countries of the European Union is called ___. - ANSWERSthe euro Which of the following entities was created a...

LSCM Study Final Exam 2 2024 with 100% Correct Answers Which of these is not a production method? - ANSWERSCreate-to-order Which of the following is not a reactive capability strategy? - ANSWERSResource requirements planning Adjusting a forecast for seasons basically uses a combination of seasonal factors and average demand to arrive at an adjusted forecast. - ANSWERSTRUE A sales and operations planning process (S&OP) can produce a forecast internally that all functional areas agre...

LSCM Exam 2 2024 with Complete Solutions Customer service is anything that touches the customer. - ANSWERSTrue Customer relationship management is a new concept only recently receiving attention. - ANSWERSFalse Activity-based costing works well in warehouse-type environments but does not work for customer service applications. - ANSWERSFalase "Order to cash" and "replenishment cycle" are the same. - ANSWERSFalse Customer service is of equal importance to both logistics and m...

Volledige samenvatting LSCM van het vak aan de universiteit Gent voor de richting handelswetenschappen. De hoofdstukken die werden aangegeven in de les zijn ook samengevat in deze samenvatting. Punten: 15/20

LSCM Study Guide Exam 1 2024 with Complete Solutions Exponential smoothing can use constants higher than 1, but not more than 5, and is one of the most commonly used techniques. - ANSWERSTrue Customer service is of equal importance to both logistics and marketing. - ANSWERSTrue Supply and demand has become less volatile as managers become more adept at controlling the elements. - ANSWERSFALSE Successful supply chain management is based upon the integration and management of three t...