LSCM 3960 Quiz Answers with correct answers 100% 2026

LSCM 3960 Quiz Answers with correct answers 100% 2026 Chapter 1 & 2 Quiz Questions - Correct Answer (Quiz #1) Each of the following functional areas would typically be included within logistics: - Correct Answer Customer service, order processing, transportation, warehousing and storage What is an example of the creation of form utility by a LOGISTICS ACTIVITY? - Correct Answer The breaking bulk and repackaging at a distribution center The profit leverage provided by logistics can be significant. If a firm has a net profit of 9.8% on a sales volume of $5,992,586 and the company has instituted a logistics improvement program that results in savings of $574,396, what equivalent sales increase would be required to equal such a cost saving? - Correct Answer 5,861,183.67 (574,396/.098) A ______ analysis examines a logistics system over a long time period or range of output. - Correct Answer Dynamic A(n) _______ relationship generally exists between the cost of lost sales and inventory cost. - Correct Answer Inverse All four subdivisions of logistics have some common characteristics. Which of the below does not belong in the list: - Correct Answer Marketing An important sustainability issue that has received much more scrutiny in recent years is the: - Correct Answer Reduction in packaging waste by using alternate materials When a specific point in time, or level of production, is chosen and costs are developed for the various logistics cost centers, it is called - Correct Answer Short run analysis What are fixed established spatial points where goods stop for storage or processing? - Correct Answer Nodes Some individuals describe the current consumer as the "click here" generation because - Correct Answer We no longer wait for information to be "pushed out" to us. Outsourcing involves - Correct Answer Obtaining materials, parts, and products from other companies. Performance measurement is important because - Correct Answer Lower-level metrics in an organization must connect directly to the high-level performance to achieve goals. A critical outcome of the supply chain is to deliver - Correct Answer The right product to the right place. One of the major challenges of supply chain management is - Correct Answer Maintaining the visibility of inventory. Most retailers are essentially supply chain companies since - Correct Answer They buy products produced by others. Which of the following is not part of the Supply Chain network? Stores, Distribution Centers, Terminals, Plants. - Correct Answer Stores Which of the following is the "marketing mix"? - Correct Answer Distribution, price, product, promotion Logisticians seek cost trade-offs. A "positive" cost trade-off is a situation where: - Correct Answer Some costs increase, some decrease, and the net effect is that total costs decrease. Logistics and Supply Chain Management Questions - Correct Answer (Quiz #2) What are the steps in the CRM process? - Correct Answer segment customer base, then identify service/package, then measure service and improve Your firm has a ROS of 14.3 percent. The company's goal is to increase sales by $417,963 this year. How much, in dollars, would you have to reduce your logistics costs to provide the same marginal amount of profit? - Correct Answer 59,768.709 (417,963x.143) (multiply increase sales by ROS percent) Assume that the cost of the most efficient logistics system for a 98% service goal is $3.1 million higher than the existing system's cost. If for each dollar of additional sales, the company incurs 76 cents in out-of-pocket costs, what incremental sales volume, in dollars, will the company need to recover the increase in logistics costs? Your answer must be accurate to the nearest dollar. - Correct Answer 12,916,667 (1-.76=.24 / 3.1 million)