IDIS 343 EXAM SCRIPT 2026 FINAL
QUESTIONS WITH CORRECT ANSWERS
GRADED A+
◉ Sales range for individual firms ( _% - _% ). Answer: 4% to 30%
◉ Sales range if including purchasing and production. Answer: 70%
to 80%
◉ Customers are demanding more what from the supply chain.
Answer: 1. Quick Response
2. Mass customization
◉ Why is logistics an integral part of the supply chain?. Answer: 1.
Generate revenue
2. Improve profit
◉ Two largest cost categories (Most frequent trade-offs). Answer: 1.
Transportation
2. Inventory
◉ Objectives of Logistics Strategy. Answer: 1. Minimize Cost
,2. Minimize investment
3. Maximize Customer service
◉ Levels of logistical planning. Answer: 1. Strategic (Short term-
daily-year)
2. Tactical (Medium term- 1-2 years)
3. Operational (Long term 3-5 years)
◉ The 4 problem areas of supply chain planning. Answer: 1.
Customer serivce levels
2. Facility location
3. Inventory decisions
4. Transportation decisions
◉ Maximize return of logisitics assets (ROLA) equation. Answer:
ROLA= (revenue - costs) / (logistics assets)
◉ 6 Concepts for Logistics Strategy Formulation. Answer: 1. Total
cost concept- tradeoff conflicting costs
2. Differentiated distribution- what products depending on CSL
3. Mixed Strategy- Pure strategy costs are higher
4. Postponement- Delay formation of product
5. Shipment consolidation- cheaper to ship all at once
, 6. Product standardization- Product variety adds to inv.
◉ 7 Principles of Supply Chain Management. Answer: 1. Segment
customers based on service needs
2. Listen to signals of market demand and plan accordingly
3. Develop a supply-chain-wide technology strategy
4. Customize the logistics network
5. Differentiate product closer to the customer
6. Source strategically
7. Adopt channel-spanning performance measures
◉ Efficient vs. Response Supply Chain. Answer: Efficient (Supply-to-
stock)
- Economical production runs
- Finished goods inventory
- Economical buy quantities
- Large shipment sizes
- Batch ordering processing
Response (Supply-to-order)
- Excess Capacity
- Quick changeovers
QUESTIONS WITH CORRECT ANSWERS
GRADED A+
◉ Sales range for individual firms ( _% - _% ). Answer: 4% to 30%
◉ Sales range if including purchasing and production. Answer: 70%
to 80%
◉ Customers are demanding more what from the supply chain.
Answer: 1. Quick Response
2. Mass customization
◉ Why is logistics an integral part of the supply chain?. Answer: 1.
Generate revenue
2. Improve profit
◉ Two largest cost categories (Most frequent trade-offs). Answer: 1.
Transportation
2. Inventory
◉ Objectives of Logistics Strategy. Answer: 1. Minimize Cost
,2. Minimize investment
3. Maximize Customer service
◉ Levels of logistical planning. Answer: 1. Strategic (Short term-
daily-year)
2. Tactical (Medium term- 1-2 years)
3. Operational (Long term 3-5 years)
◉ The 4 problem areas of supply chain planning. Answer: 1.
Customer serivce levels
2. Facility location
3. Inventory decisions
4. Transportation decisions
◉ Maximize return of logisitics assets (ROLA) equation. Answer:
ROLA= (revenue - costs) / (logistics assets)
◉ 6 Concepts for Logistics Strategy Formulation. Answer: 1. Total
cost concept- tradeoff conflicting costs
2. Differentiated distribution- what products depending on CSL
3. Mixed Strategy- Pure strategy costs are higher
4. Postponement- Delay formation of product
5. Shipment consolidation- cheaper to ship all at once
, 6. Product standardization- Product variety adds to inv.
◉ 7 Principles of Supply Chain Management. Answer: 1. Segment
customers based on service needs
2. Listen to signals of market demand and plan accordingly
3. Develop a supply-chain-wide technology strategy
4. Customize the logistics network
5. Differentiate product closer to the customer
6. Source strategically
7. Adopt channel-spanning performance measures
◉ Efficient vs. Response Supply Chain. Answer: Efficient (Supply-to-
stock)
- Economical production runs
- Finished goods inventory
- Economical buy quantities
- Large shipment sizes
- Batch ordering processing
Response (Supply-to-order)
- Excess Capacity
- Quick changeovers
