LSCM 3960 Exam 2 with correct answers 100% 2026

LSCM 3960 Exam 2 with correct answers 100% 2026 The _________ of demand, customer orders, delivery status, inventory stock levels, and production schedules provides managers with the knowledge needed to make effective situational assessments and develop appropriate responses. a. visibility b. availability c. accuracy d. accountability - Correct Answer Visibility Which of the below is not part of the seven Rs of logistics? a. information b. cost c. quality d. place - Correct Answer Quality Which of the following is NOT one of the five drivers of sustainable supply chain management practice? a. adaptability b. synchronization c. velocity d. execution - Correct Answer Execution ___________ 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 Supply chain software that provides a platform for manufacturers, distributors, and retailers to aggregate and organize item-related data such as item number, price, description, and weight is called a. business intelligence tools b. supply chain collaboration tools c. spreadsheets and database tools d. data synchronization tools - Correct Answer Data Synchronization tools Supply Chain software includes technologies that a. address virtually every function and task that occurs in the supply chain. b. help organizations plan, execute, and control supply chain activities in real time. c. help to maintain visibility of inventory d. all of these answers - Correct Answer All of these answers ERP systems a. are taking the place of SCIS systems. b. have information elements needed by SCIS applications. c. require RFID to be fully functional. d. focus primarily on manufacturing issues - Correct Answer have information elements needed by SCIS applications Managers have several options for software development and implementation. They include a. internal development. b. third party logistics firms. c. external software vendors. d. all of these answers - Correct Answer All of these answers 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 supply chain software suites that combine planning execution, event management, and related capabilities 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 of these The most vital ingredient or component of a decision support system (DDS) is the quality of the data used as input. (T/F) - Correct Answer True All of the following are criteria for an expert system EXXCEPT: - Correct Answer There is no variability in people's ability to perform the task Data synchronization focuses: - Correct Answer Timely and accurate updates Which of the following is an example of the technology that supports integrated logistics systems? - Correct Answer Bar coding, point of sale, electronic funds transfer, and EDI By using the latest information technology it is possible to substitute information for inventory and other logistics expenses. (T/F) - Correct Answer True If demand and lead time are constant, only ___________ is necessary. - Correct Answer Cycle stock Inventory is an ASSET on the balance sheet and a(n) __________ on the income statement. - Correct Answer Variable expenses The objective of inventory management is to: - Correct Answer Increase cooperate profitability Pareto Analysis may be used to classify parts, customers, or activities. When determining the Pareto segments to classify parts, you should: - Correct Answer There will rarely be a clean break at the 80% (or 20%) point so your cut-off is subjective; however the general 80-20 relationship still holds. Which of the following is NOT a principle reason for holding finished goods inventory? - Correct Answer Prevention of production shutdowns due to parts shortages All of the following are reasons for holding inventory EXCEPT: - Correct Answer Inventories eliminate the variation in supply and demand. Capital cost focuses on the cost of capital tied up in ________and the resulting lost opportunity from investing that capital elsewhere. - Correct Answer inventory WIP inventories are: - Correct Answer Associated with manufacturing JIT is a _______ system - Correct Answer Pull Management will automatically achieve least total cost logistics by minimizing inventory carrying costs. (T/F) - Correct Answer False Ordering cost refers to the expense of placing an order and: - Correct Answer Does not include the cost of the product The _________ of demand, customer orders, delivery status, inventory stock levels, and production schedules provides managers with the knowledge needed to make effective situational assessments and develop appropriate responses. a. visibility b. availability c. accuracy d. accountability - Correct Answer Visibility Which of the below is not part of the seven Rs of logistics? a. information b. cost c. quality d. place - Correct Answer Quality Which of the following is NOT one of the five drivers of sustainable supply chain management practice? a. adaptability b. synchronization c. velocity d. execution - Correct Answer Execution ___________ 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 Supply chain software that provides a platform for manufacturers, distributors, and retailers to aggregate and organize item-related data such as item number, price, description, and weight is called a. business intelligence tools b. supply chain collaboration tools c. spreadsheets and database tools d. data synchronization tools - Correct Answer Data Synchronization tools Supply Chain software includes technologies that a. address virtually every function and task that occurs in the supply chain. b. help organizations plan, execute, and control supply chain activities in real time. c. help to maintain visibility of inventory d. all of these answers - Correct Answer All of these answers ERP systems a. are taking the place of SCIS systems. b. have information elements needed by SCIS applications. c. require RFID to be fully functional. d. focus primarily on manufacturing issues - Correct Answer have information elements needed by SCIS applications Managers have several options for software development and implementation. They include a. internal development. b. third party logistics firms. c. external software vendors. d. all of these answers - Correct Answer All of these answers 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 supply chain software suites that combine planning execution, event management, and related capabilities 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 of these The most vital ingredient or component of a decision support system (DDS) is the quality of the data used as input. (T/F) - Correct Answer True All of the following are criteria for an expert system EXXCEPT: - Correct Answer There is no variability in people's ability to perform the task Data synchronization focuses: - Correct Answer Timely and accurate updates Which of the following is an example of the technology that supports integrated logistics systems? - Correct Answer Bar coding, point of sale, electronic funds transfer, and EDI By using the latest information technology it is possible to substitute information for inventory and other logistics expenses. (T/F) - Correct Answer True If demand and lead time are constant, only ___________ is necessary. - Correct Answer Cycle stock Inventory is an ASSET on the balance sheet and a(n) __________ on the income statement. - Correct Answer Variable expenses The objective of inventory management is to: - Correct Answer Increase cooperate profitability Pareto Analysis may be used to classify parts, customers, or activities. When determining the Pareto segments to classify parts, you should: - Correct Answer There will rarely be a clean break at the 80% (or 20%) point so your cut-off is subjective; however the general 80-20 relationship still holds. Which of the following is NOT a principle reason for holding finished goods inventory? - Correct Answer Prevention of production shutdowns due to parts shortages All of the following are reasons for holding inventory EXCEPT: - Correct Answer Inventories eliminate the variation in supply and demand. Capital cost focuses on the cost of capital tied up in ________and the resulting lost opportunity from investing that capital elsewhere. - Correct Answer inventory WIP inventories are: - Correct Answer Associated with manufacturing JIT is a _______ system - Correct Answer Pull Management will automatically achieve least total cost logistics by minimizing inventory carrying costs. (T/F) - Correct Answer False Ordering cost refers to the expense of placing an order and: - Correct Answer Does not include the cost of the product