LSCM EXAM 1 with correct answers 100% 2026

LSCM EXAM 1 with correct answers 100% 2026 Due to mergers and acquisitions in the software industry and ERP vendors moving into the supply chain applications market space, it is possible to purchase a. best of breed solutions from leading providers in each category b. supply chain software suites that combine planning, execution, event management, and related capabilities c. spreadsheet software with expanded capabilities d. event management tools that monitor the supply chain for events that are out of tolerance - Correct Answer b. supply chain software suites that combine planning, execution, event management, and related capabilities _____ systems are multimodal application software platforms that help organizations manage the important part of their businesses. - Correct Answer ERP _____ and key performance indicators (KPI's) are the same thing. - Correct Answer Scorecards A _____ is complex to define, usually involves a calculation or combination of measurements, and is often in the form of a ratio. - Correct Answer metric _____ is to considered to be one of the external factors driving change in logistics. - Correct Answer Globalization On-demand supply chain software that is not installed on a company computer is gaining in popularity. An issue to be addressed with this purchase option is a. Functionality may not be as robust as traditional software b. Data control is an issue c. Total cost of ownership could exceed purchase cost over the long run d. All of these - Correct Answer ALL In a logistics system, warehousing should be optimized at the expense of related logistics activities, such as transportation and procurement? - Correct Answer False Utility created by moving goods from production points to where demand exists - Correct Answer Place Many organizations are working more closely with - Correct Answer customers, suppliers, and various types of logistics suppliers In the SCOR Model there are five major categories of metrics that need to be used to measure the performance of Process D1: reliability, _________, agility, costs, and asset management. - Correct Answer responsiveness Which are the major modes of international transportation? - Correct Answer air and water The least-frequently used IT-based services by customers of 3PL's are: ___ and ___ related - Correct Answer strategic and customer-related logistics creates which utility through production forecasting, production scheduling, and inventory control - Correct Answer Quanitity The value that is added to goods through a manufacturing or assembly process is: ____utility - Correct Answer form Drivers and facilitators are internal issues that an organization must address before seeking a 3PL. - Correct Answer False ______________ is/are a major barrier to the effective use of information technology. a. cost b. people c. effective applications d. management support - Correct Answer People Which is the main advantage of international air transportation? - Correct Answer Transit time The North American Free Trade Agreement has removed all trade barriers between the U.S., Canada and Mexico. - Correct Answer False Full collaboration is the dynamic combination of - Correct Answer both vertical and horizontal collaboration There are four major categories that provide a useful way for examining logistics and supply chain performance: They are: time, _______, cost, and supporting metrics. - Correct Answer Quality To hold down distribution cost, the lowest cost carrier should always be used? - Correct Answer False Globalization was initially driven by countries seeking ____and _____ not available in their own land - Correct Answer materials and goods _______ involves the control of raw material, in-process, and finished goods inventories. - Correct Answer Supply chain management A key element in Wal-Mart's ability to discount brand name products was an understanding of the criticality of efficiency in its logistics and supply chain system. - Correct Answer True