Supply Chain Management correct answers Coordination of production, inventory, location, and
transportation
Logistics correct answers Activities that occur within the boundaries of a single organization
Five Supply Chain Processes correct answers Production, Inventory, Location, Transportation,
Information
Throughput correct answers Rate at which sales to the end customers occur
Production correct answers The capacity of a supply chain to make and store products
Product Focus correct answers A factory that fabricates for a specific product
Functional Focus correct answers A factory that fabricates for a range of different products
Stock keeping unit (SKU) correct answers All of a given type of product is stored together
Job lot storage correct answers Different products related to the needs of a customer are stored
togethere
Crossdocking correct answers Warehouse functions as a distribution center rather than just
storing the products there
Inventory correct answers Includes everything from raw materials to finished goods held by
manufacturers, distributors, and retailers in a supply chain
Cycle Inventory correct answers The amount of inventory needed to satisfy demand
, Safety Inventory correct answers Inventory held as a buffer against uncertainty
Seasonal Inventory correct answers Inventory built up in anticipation of predictable increases of
demand
Location correct answers Geographical site of supply chain facilities
Transportation correct answers Movement of everything from raw goods to finished goods
between different facilities in a supply chain
Ship correct answers Cost efficient and slowest mode of transport. Limited to navigable
waterways
Rail correct answers Cost efficient and slow. Restricted use between locations served by rail
lines.
Pipelines correct answers Efficient but are restricted to commodities that are liquids or gases
Trucks correct answers The most flexible schedules and routes; more expensive and vulnerable
to weather; size and weight restrictions
Airplanes correct answers Fast mode of transport and are very responsive. Most expensive.
Electronic Transport correct answers The fastest and most cost-efficient mode to transport text
and images
Information correct answers The basis upon which to make decisions regarding the other four
supply chain drivers