Scmn 3710 Final Exam

1. The two primary costs (tradeoffs) analyzed in the EOQ model are - Correct Answer Ordering/Setup (transportation) and Inventory Carrying/Holding (insurance) The fixed interval model does not require close or constant surveillance of _______. - Correct Answer-Inventory The two fundamental decisions required to manage a stock point are - Correct Answer Ordering/Setup (transportation) and Inventory Carrying/Holding (insurance) The context of a "Low Pick, High Store" environment where "Storage" dominates would suggest equipment selection and warehouse design that favored - Correct Answer random locations, high density storage and manual handling The "general objective" of materials handling is to create a productive, efficient, and safe operation that balances - Correct Answer-service and cost, volume and capacity, and safety and productivity The context of a "High Pick, Low Storage" environment where "Picking" dominates would suggest equipment selection and warehouse design that favors - Correct Answer dedicated locations, low density storage and automated handling As the number of picks per order picker decreases on a given tour, his/her total time out ___ and the time per pick ___. - Correct Answer-Decreases, Increases If a DC that picks primarily cases switches to mostly broken cases (with the same items), which of the following would occur in the DC? - Correct Answer-Labor costs would increase The drawback of centralized inventory is: - Correct Answer-that it extends lead times and results in higher transportation costs. Dependent demand relates to - Correct Answer-demand for another inventory item or product. JIT is a _______ system. - Correct Answer-pull This type of inventory is influenced by the reliability of demand and lead time. - Correct Answer-WIP The U.S. Coast Guard (USCG) is "dual-hatted" with responsibilities under both - Correct Answer-the Department of Defense and the Department of Transportation SCMN3710 SCMN3710 The Department of Transportation is responsible for - Correct Answer-national transportation policy to ensure the safety and efficiency of our national transportation system Federal Regulation of transportation (in the US) has been around since - Correct Answer-Act to Regulate Commerce in 1887. Which e-commerce business model used in procurement and sourcing has a seller operated service that consists of a number of electronic catalogs from suppliers within a market. - Correct Answer-Electronic marketplace Which of these is not a form of purchasing? - Correct Answer-process improvement Strategic sourcing as a process is far more broad and comprehensive than procurement. Overall, the process starts with the formation of a - Correct Answer steering committee. Railroads fall into a group called - Correct Answer-natural monopolies. Which of these is not a freight document? - Correct Answer-routing guide Air carriers were historically looked upon as - Correct Answer-emergency only carriers. To help guide the strategic sourcing process, five core principles are recognized as key drivers to achieve the desired levels of value, which one is not one of those core principles - Correct Answer-Drive continuous savings The concept that represents the sum of all costs associated with making and delivering products to the point where they are needed is called - Correct Answer-total landed cost Which approach represents a strategy in which the entire organization is focused on the examination of process variability and continuous improvement? - Correct Answer-Total Quality Management Two of the most common adjustments to the "basic" EOQ model involve correcting for - Correct Answer-Price breaks (quantity discounts) and transportation (in-transit inventory and rate breaks) A quantity discount (price break at higher volume) tends to _______ as _______. - Correct Answer-Lower carrying cost; incremental quantities decrease Which of the options is a principal shortcoming of the EOQ-based approach? - Correct Answer-It does not support inventory decision making at multiple locations SCMN3710 SCMN3710 The first step in the Strategic Analysis Design Framework (Hassan, 2002) focuses on - Correct Answer-specify the type/purpose of the facility The "Volume-Variety Storage System Guide" (Elenbark, 2007) looks at the average number of __________ over time to determine which types of storage modules are most efficient. - Correct Answer-pallets per SKU The "Pick" dimension of the "Pick-Store Dominance Matrix" (Phillips et. al. 1999) refers to - Correct Answer-"transactions" or inventory in motion The roles of the distribution center include __________ - Correct Answer-balancing supply and demand, protecting against uncertainty, and promoting transportation economies. The primary facility operations focus is - Correct Answer-on the movement and storage of product. WIP inventories - Correct Answer-are associated with manufacturing. Inventory as an asset on the balance sheet and a __________ on the income statement. - Correct Answer-variable expense The Motor Carrier Act of 1980 - Correct Answer-allowed trucking companies to compete against each other on the basis of rates and prices The Federal Motor Carrier Safety Administration (FMCSA) works with, but is independent from, the ______ in improving the safety of the motoring public on our nations highways - Correct Answer-NTSB What vendor selection criteria are described by price and financial stability? - Correct Answer-financial What is an amalgam of catalogs from vendors within a market that is available via the Internet called? - Correct Answer-electronic marketplace What vendor selection criteria are described by vendor attitude, cultural compatibility, training aids, packaging, and repair service? - Correct Answer-desirable capabilities The main strategy behind routing guides is to - Correct Answer-promote supply chain excellence. As a product's susceptibility to loss and damage increases, its transportation cost: - Correct Answer-increases This mode of transportation is the one most often used in intermodal shipments. - Correct Answer-Motor carrier