SCM - FINAL EXAM COMPLETE QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
The logistics value proposition is focused on which two main elements? -
Service and cost minimization
Logistics systems should be designed to achieve customer service goals while
maintaining the lowest possible financial investment in ________ -
Inventory
The 80/20 rule, often called the Pareto principle means: - 20% of the SKU
base will drive 80% of the demand
Logistical operations have two main flows: - inventory and information
Which one of these concepts is not part of logistical integration objectives? -
Using less parcel shipping
Echelon logistics operating arrangements are characterized by which of the
following? - Utilizing warehouses to create inventory assortments and
achieve consolidation economies.
is the process and activities that create value focused on the design and
administration of a system to control the timing and geographical positioning of
,raw materials, work-in-process, and finished inventories at the lowest total cost -
Logistics management
is the probability of having inventory to consistently meet customer material or
product requirements. - Availability
involves the quality attributes of logistics. - Service reliability
Desired customer service levels are commonly referred to as - Fill rates
Logistical systems should utilize transportation that minimizes - cost of
transport
A ________ operation involves shipments from multiple suppliers arriving at a
designated time at the handling facility. Inventory receipts are sorted by
destination across the dock and consolidated into outbound trailers for direct
delivery. - cross-dock
Which of the following is not one of the themes of integrated supply chains? -
Focuses on service to key retailers.
A supply chain that primarily focuses on low cost is ________ - efficient
Which of the following is not a part of the integrated enterprise? -
Distribution
, The repair and support of products during their life cycle, including warranty,
maintenance, and repair. - Life cycle support
The focus of integrated management is ________. - lowest total process
cost
is often related to variation in forecasting and demand. - Demand
uncertainty
The logistics of internationalization involves four significant differences in
comparison to national or even regional operations. Which of the following is not
one of these? - Size
Supermarkets typically carry how many different SKUs? - 30,000 - 40,000
is the capacity to have inventory when desired by a customer. - Availability
Four economic utilities add value to customers. Which of the following is not one
of these? - Price
When a transaction proceeds through every step of the order management
process without fault, exception handling, or intervention, this is known as
________. - a perfect order
Providing value-added services is a critical aspect of - customer success
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) |ALREADY GRADED A+||BRAND
NEW!!
The logistics value proposition is focused on which two main elements? -
Service and cost minimization
Logistics systems should be designed to achieve customer service goals while
maintaining the lowest possible financial investment in ________ -
Inventory
The 80/20 rule, often called the Pareto principle means: - 20% of the SKU
base will drive 80% of the demand
Logistical operations have two main flows: - inventory and information
Which one of these concepts is not part of logistical integration objectives? -
Using less parcel shipping
Echelon logistics operating arrangements are characterized by which of the
following? - Utilizing warehouses to create inventory assortments and
achieve consolidation economies.
is the process and activities that create value focused on the design and
administration of a system to control the timing and geographical positioning of
,raw materials, work-in-process, and finished inventories at the lowest total cost -
Logistics management
is the probability of having inventory to consistently meet customer material or
product requirements. - Availability
involves the quality attributes of logistics. - Service reliability
Desired customer service levels are commonly referred to as - Fill rates
Logistical systems should utilize transportation that minimizes - cost of
transport
A ________ operation involves shipments from multiple suppliers arriving at a
designated time at the handling facility. Inventory receipts are sorted by
destination across the dock and consolidated into outbound trailers for direct
delivery. - cross-dock
Which of the following is not one of the themes of integrated supply chains? -
Focuses on service to key retailers.
A supply chain that primarily focuses on low cost is ________ - efficient
Which of the following is not a part of the integrated enterprise? -
Distribution
, The repair and support of products during their life cycle, including warranty,
maintenance, and repair. - Life cycle support
The focus of integrated management is ________. - lowest total process
cost
is often related to variation in forecasting and demand. - Demand
uncertainty
The logistics of internationalization involves four significant differences in
comparison to national or even regional operations. Which of the following is not
one of these? - Size
Supermarkets typically carry how many different SKUs? - 30,000 - 40,000
is the capacity to have inventory when desired by a customer. - Availability
Four economic utilities add value to customers. Which of the following is not one
of these? - Price
When a transaction proceeds through every step of the order management
process without fault, exception handling, or intervention, this is known as
________. - a perfect order
Providing value-added services is a critical aspect of - customer success
