SCMN 3710 Exam Questions With 100%
Verified Answers!!
The "Value Proposition" that must be satisfied for the "invisible hand" to move goods
from areas of surplus to areas of shortage holds that the _____ must be _______ the
_______ .
change in total value, greater than, change in total cost
The "product mix/assortment" problem refers to rapidly increasing costs as a result of
trying to serve the last 1-3 percent of customer demand with ever increasing inventory
In deploying supply chains across global markets, managers seek to identify opportunities
where
differential value is high and total cost is low
The "most efficient frontier" on the TC-CSL graph is the line along which
costs are at the theoretical minimum for a given level of customer service
Complexity in the supply chain is caused by
All of these answers: the number of SKUs, locations of customers and suppliers, transportation
requirements
Logistics, in its simplest form,
combines inbound logistics with the outbound logistics of physical distribution
Traditionally, information has been viewed as flowing in the opposite direction of products,
that is, from the market/customer back to the wholesalers, manufacturers, and vendors
None of these answers: The "Big Box" stores have developed their own sources, This is still true
and has not changed, Computerization has greatly increased the flow of information from the
source
One of the four supply chain flows in Figure 1 - 8 that has received increased attention
from supply chain managers due to the growth in technology is:
, Demand flow
Which of the answers below is an example of the creation of form utility by a logistics
activity?
the breaking bulk and repackaging at a distribution center
Water Cruisers is located in Jacksonville, Florida, and makes small yachts and luxury
pontoon boats for customers on the East coast of the United States. Each boat requires
thousands of parts purchased from over 1,000 vendors. A number of boats are in
production at any one time, so a large number of parts constantly arrive and are stored.
Once a boat is finished, it is sailed up the coast to a convenient port for customer delivery.
Which type of logistics system does Water Cruisers use?
heavily inbound
When a specific point in time, or level of production, is chosen and costs are developed for
the various logistics cost centers, it is called
short run analysis
A ______ analysis examines a logistics system over a long time period or range of output.
dynamic
The utility that is created by moving goods from production points to market points where
demand exists is referred to as:
place
These are designated by the U.S. secretary of the treasury for the purpose of storing,
repacking, sorting or cleaning imported merchandise entered for warehousing without
paying import duties while the goods are in storage.
Bonded warehouses
A demand-driven system is also known as
a pull system
Verified Answers!!
The "Value Proposition" that must be satisfied for the "invisible hand" to move goods
from areas of surplus to areas of shortage holds that the _____ must be _______ the
_______ .
change in total value, greater than, change in total cost
The "product mix/assortment" problem refers to rapidly increasing costs as a result of
trying to serve the last 1-3 percent of customer demand with ever increasing inventory
In deploying supply chains across global markets, managers seek to identify opportunities
where
differential value is high and total cost is low
The "most efficient frontier" on the TC-CSL graph is the line along which
costs are at the theoretical minimum for a given level of customer service
Complexity in the supply chain is caused by
All of these answers: the number of SKUs, locations of customers and suppliers, transportation
requirements
Logistics, in its simplest form,
combines inbound logistics with the outbound logistics of physical distribution
Traditionally, information has been viewed as flowing in the opposite direction of products,
that is, from the market/customer back to the wholesalers, manufacturers, and vendors
None of these answers: The "Big Box" stores have developed their own sources, This is still true
and has not changed, Computerization has greatly increased the flow of information from the
source
One of the four supply chain flows in Figure 1 - 8 that has received increased attention
from supply chain managers due to the growth in technology is:
, Demand flow
Which of the answers below is an example of the creation of form utility by a logistics
activity?
the breaking bulk and repackaging at a distribution center
Water Cruisers is located in Jacksonville, Florida, and makes small yachts and luxury
pontoon boats for customers on the East coast of the United States. Each boat requires
thousands of parts purchased from over 1,000 vendors. A number of boats are in
production at any one time, so a large number of parts constantly arrive and are stored.
Once a boat is finished, it is sailed up the coast to a convenient port for customer delivery.
Which type of logistics system does Water Cruisers use?
heavily inbound
When a specific point in time, or level of production, is chosen and costs are developed for
the various logistics cost centers, it is called
short run analysis
A ______ analysis examines a logistics system over a long time period or range of output.
dynamic
The utility that is created by moving goods from production points to market points where
demand exists is referred to as:
place
These are designated by the U.S. secretary of the treasury for the purpose of storing,
repacking, sorting or cleaning imported merchandise entered for warehousing without
paying import duties while the goods are in storage.
Bonded warehouses
A demand-driven system is also known as
a pull system
