IDIS 240 EXAM 3 EVAN VESTAL UPDATED ACTUAL QUESTIONS AND CORRECT
ANSWERS
What does PAID stand for? Professional Association for Industrial Distribution
manufacture-----> __________ -----> Distributor ----->____________ Master Distributor, End User
Why are we not selling industrial goods directly to the
end user?
, What are the three end users? OEM, MRO/Facilities, Contractors
What does OEM stand for? Original Equipment Manufacturer
What does MRO stand for? Maintenance, repair, and operations
What are the three required servcies? Form, place, and time
What are the three main branches of distribution? Knowledge, logistics, and financing
What are the different types of knowledge in Product, specifications, product applications, vendor, customer, financing,
distribution? logistical
What are the three main parts of financing? Traditional lending, consignment, extending credit
What are the four main parts of logistics? Wait time, assortment, packaging, and breaking bulk
What is contacting efficiency? Manufacturer to end user
What are the levels of distribution? Exclusive, selective, and intensive
What is supply chain management? Performed by supply chain members into a seamless process from source to the
point of consumption
What does MRP stand for? Material Requirements Planning
What is an agent? The entity that performs the action
Why are manufactuerers in the supply chain? They facilitate the transfer and transformation of raw materials into finished
products
What are the steps of sales? Attention, discovery, solution, commitment
What does EBITDA stand for? Earnings before interest, taxes, depreciation, and amortization
What are the largest impacts of EBITDA?
What are interest terms?
ANSWERS
What does PAID stand for? Professional Association for Industrial Distribution
manufacture-----> __________ -----> Distributor ----->____________ Master Distributor, End User
Why are we not selling industrial goods directly to the
end user?
, What are the three end users? OEM, MRO/Facilities, Contractors
What does OEM stand for? Original Equipment Manufacturer
What does MRO stand for? Maintenance, repair, and operations
What are the three required servcies? Form, place, and time
What are the three main branches of distribution? Knowledge, logistics, and financing
What are the different types of knowledge in Product, specifications, product applications, vendor, customer, financing,
distribution? logistical
What are the three main parts of financing? Traditional lending, consignment, extending credit
What are the four main parts of logistics? Wait time, assortment, packaging, and breaking bulk
What is contacting efficiency? Manufacturer to end user
What are the levels of distribution? Exclusive, selective, and intensive
What is supply chain management? Performed by supply chain members into a seamless process from source to the
point of consumption
What does MRP stand for? Material Requirements Planning
What is an agent? The entity that performs the action
Why are manufactuerers in the supply chain? They facilitate the transfer and transformation of raw materials into finished
products
What are the steps of sales? Attention, discovery, solution, commitment
What does EBITDA stand for? Earnings before interest, taxes, depreciation, and amortization
What are the largest impacts of EBITDA?
What are interest terms?
