IDIS 343 EXAMINATION TEST 2026 FINAL QUESTIONS WITH COMPLETE SOLUTIONS VERIFIED

IDIS 343 EXAMINATION TEST 2026 FINAL
QUESTIONS WITH COMPLETE SOLUTIONS
VERIFIED

◉ Key Supply Chain Processes: Primary. Answer: - Setting customer
service goals
- Transportation
- Inventory Management
- Location


◉ Key Supply Chain Processes: Secondary. Answer: - Warehousing
- Materials Handling
- Acquisition
- Protective Packaging
- Product Scheduling
- Order processing


◉ The Logistics Strategy Triangle revolves around what?. Answer:
Customer service goals
- The product
- Logistics service
- Info. systems

,◉ Logistics Strategy Triangle: Inventory. Answer: - Forecasting
- Storage fundamentals
- Inventory decisions
- Purchasing and supply scheduling decisions
- Storage decisions


◉ Logistics Strategy Triangle: Transport. Answer: - Transport
fundamentals
- Transport Decisions


◉ Logistics Strategy Triangle: Location. Answer: - Location decisions
- Network planning process


◉ The Critical Customer Service Loop. Answer: 1. Inventory/Supply
source
2. Transportation
3. Customer
(Back to 1)


◉ GDP Domestically (%). Answer: 10.5%

, ◉ GDP Internationally (%). Answer: 12%


◉ 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