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Cloud computing - ANSWER--the result of combining internet, web browsers, server virtualization, and open source software. 3 characteristics of cloud computing - ANSWER-1. practically unlimited computing resources 2. no long-term commitments 3. Pay-as-you-go cost structure Data Transmission - ANSWER-first used Electronic data interchange (EDI) to transmit common type of data between companies. Now uses extensible markup language (XML) to transmit flexible data between computers and peopl...

The objective of Walmart's early network design strategy was to: - ANSWER-Locate stores close to a Distribution Center Which of the following is a theme throughout the course? - ANSWER-How logistics and supply chain management can be used to create a competitive advantage The management of the flow and storage of inventory, such that total costs are minimized and customer service targets are achieved is referred to as: - ANSWER-Logistics Process redesign is concerned with improving p...

Which are important customer-level information types? - ANSWER-All of the above Point of sale Forecasts Inventory levels Promotional plans Data that is captured at retail checkout is referred to as __________________ data. - ANSWER-point-of-sale Advanced shipment notices (ASNs) is a ___________-level information type. - ANSWER-supplier How specific is point-of-sale data? - ANSWER-SKU-time-location specific Which are fundamental characteristics of firms with high internal integr...

$1,200,000 - ANSWER-Average inventory last year was $200,000 and turns were 6. What was cost of goods sold last year? $150,000,000 - ANSWER-The inventory holding cost factor is 10% and the average inventory next year is expected to be $1.5 billion. What is the expected inventory holding cost? 33 - ANSWER-MegaMart operates 365 days a year. Annual inventory turns of a popular product is 11. How many days of supply does that represent? How logistics and supply chain management can be used ...

Which of the following are common elements of the total cost of ownership model: a. acquisition cost b. operation cost c. transportation cost d. all of the above are a part of the TCO model - ANSWER-d. all of the above are a part of the TOC model (T/F)? Phantom inventory is when a retailer thinks there is more inventory than there actually is. - ANSWER-True The amount received by a firm is 240 units and it sold 75 units. Assuming initial inventory is zero, what is the perpe...

Which is a key capability that Zara has used to develop supply chain competitive advantage? - ANSWER-Quick response When faced with a stock-out, which behavior is least likely? - ANSWER-Do not purchase item _____________________tells you the percentage of demand fulfilled from on hand inventory. - ANSWER-The percentage item fill rate (IFR) Economies of scale is defined as a reduction in ________ when volumes are increased. - ANSWER-average cost per unit Given a sample of weekly sales...

The objective of Walmart's early network design strategy was to: - ANSWER-Locate stores close to a Distribution center Some companies do not outsource because they do NOT want to ________________. - ANSWER-lose their ability to manage the activity The term _________today refers to a firm that supplies logistics and possibly other SCMT services - ANSWER-third-party logistics (3PL) Economies of scale is defined as a reduction in_____________when volumes are in increased. - ANSWER-avera...

SCMT 2103 (INTRODUCTION TO SUPPLY CHAIN MANAGEMENT) QUIZ QUESTIONS AND ANSWERS 100% CORRECTSCMT 2103 (INTRODUCTION TO SUPPLY CHAIN MANAGEMENT) QUIZ QUESTIONS AND ANSWERS 100% CORRECT Relationship in the 4 R's of supply chain competition is defined as being able to - ANSWER-manage the connections, the interactions, and communication, and maintain trust Which of the following products would you expect to require the most safety stock? Product A: Standard Deviation of Sales = 18, Standard D...

What are the components of lead time? - ANSWER-Order Picking Order Transmittal Loading Onto the Truck In a retail store, when does the lead time end? - ANSWER-When the inventory is stocked on the shelf Which is a common bottleneck mentioned in the video that increases lead time? - ANSWER-Receiving Facilities at or near Capacity Which has the correct order of lead time processes? - ANSWER-Order creation, picking, staging, transit Lead time is the time between when an order is placed...