Supply Chain Management Midterm 1 – Practice
Questions & Answers | Study Guide
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Practice questions for this set
Learn 1 /7 Study using Learn
False
Choose an answer
True or False:
1 A process is an ordered set of _________? 2 Exponential Smoothing is the
forecasting method which places
equal weight on past observations.
True or False:
A supply chain strategically Logistics costs include which of the
3 4
emphasizing reliability is likely to hold following?
extra inventory to deal with problems
such as late delivery.
Don't know?
Terms in this set (96)
,A process is an ordered set of _________? Activities
Supply chain management is the Integration
management of the ___________ of
business processes between functions
in a firm and with suppliers and
customers.
Some companies do not outsource Lose their ability to manage the activity
because they do NOT want to
____________.
True or False: False
Economies of scale is defined as an
increase in average cost per unit when
volumes are increased.
Logistics costs include which of the A. Warehousing costs
following? B. Transportation costs
C. All of these and more
D. Material handling costs
E. Inventory holding costs
Answer: C
True or False: True
Economies of scale is defined as a
reduction in average cost per unit
when volumes are increased.
The management of the flow and Logistics
storage of inventory, such that total
costs are minimized and customer
service targets are achieved is
referred to as:
, True or False: True
Effective supply chain management
emphasizes the allocation of scarce
resources.
True or False: False
The use of third-party logistics (3PL)
providers for supply chain
management services is a diminishing
trend.
Which of the following products Product C
would you expect to require the most
safety stock?
PRODUCT A: Standard Dev. of Sales
=18, Standard Dev. of Lead Time = 23
PRODUCT B: Standard Dev. of Sales =
20, Standard Dev. of Lead Time = 20
PRODUCT C: Standard Dev. of Sales =
30, Standard Dev. of Lead Time = 31
PRODUCT D: Standard Dev. of Sales =
29, Standard Dev. of Lead Time = 15
True or False: False
Resilience in the 4 R's is defined as
being able to deliver products to
customers that are demanding it.
Reliability in the 4 R's of supply chain Consistently execute an activity or process at a target
competition is defined as being able level of performance.
to _______________.
Questions & Answers | Study Guide
Save
Practice questions for this set
Learn 1 /7 Study using Learn
False
Choose an answer
True or False:
1 A process is an ordered set of _________? 2 Exponential Smoothing is the
forecasting method which places
equal weight on past observations.
True or False:
A supply chain strategically Logistics costs include which of the
3 4
emphasizing reliability is likely to hold following?
extra inventory to deal with problems
such as late delivery.
Don't know?
Terms in this set (96)
,A process is an ordered set of _________? Activities
Supply chain management is the Integration
management of the ___________ of
business processes between functions
in a firm and with suppliers and
customers.
Some companies do not outsource Lose their ability to manage the activity
because they do NOT want to
____________.
True or False: False
Economies of scale is defined as an
increase in average cost per unit when
volumes are increased.
Logistics costs include which of the A. Warehousing costs
following? B. Transportation costs
C. All of these and more
D. Material handling costs
E. Inventory holding costs
Answer: C
True or False: True
Economies of scale is defined as a
reduction in average cost per unit
when volumes are increased.
The management of the flow and Logistics
storage of inventory, such that total
costs are minimized and customer
service targets are achieved is
referred to as:
, True or False: True
Effective supply chain management
emphasizes the allocation of scarce
resources.
True or False: False
The use of third-party logistics (3PL)
providers for supply chain
management services is a diminishing
trend.
Which of the following products Product C
would you expect to require the most
safety stock?
PRODUCT A: Standard Dev. of Sales
=18, Standard Dev. of Lead Time = 23
PRODUCT B: Standard Dev. of Sales =
20, Standard Dev. of Lead Time = 20
PRODUCT C: Standard Dev. of Sales =
30, Standard Dev. of Lead Time = 31
PRODUCT D: Standard Dev. of Sales =
29, Standard Dev. of Lead Time = 15
True or False: False
Resilience in the 4 R's is defined as
being able to deliver products to
customers that are demanding it.
Reliability in the 4 R's of supply chain Consistently execute an activity or process at a target
competition is defined as being able level of performance.
to _______________.
