LSCM 3960 EXAM 1 REVIEW QUESTIONS
AND ANSWERS Latest update 2026|
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Successful supply chain integration is based on achieving what objective(s)? - correct
answer- Recognizing the final customer service level requirements
- Deciding where to position inventories along the supply chain and how much to stock
at each point
- Developing appropriate policies and procedures for managing the supply chain as a
single entity
Integrated logistics - correct answerCombines inbound logistics with the outbound
logistics of physical distribution
The total systems cost concept is based on? - correct answerRelationships between the
various elements of a given system
Supply and demand has become less volatile as managers become more adept at
controlling the elements (T/F) - correct answerFalse
Most retailers are essentially supply chain companies since - correct answerThey buy
products produced by others
Point of Sales data can - correct answer- Provide real time data
- Mitigate the bullwhip effect
- Reduce costs
Which of the following is not an external force driving the rate of change and shaping
our economic and political landscape? - correct answerEnvironmental concerns
External forces driving the rate of change and shaping our economic and political
landscape? - correct answerGovernment policy
Technology
Globalization
Cost/Value refers to - correct answerthe importance of cost and value at the very end of
the supply chain.
Complexity in the supply chain is caused by - correct answer- the number of SKUs
- locations of customers and suppliers
- transportation requirements
, Supply chain managers no longer need to worry about suboptimization in light of today's
technology - correct answerFALSE
Outsourcing involves: - correct answerObtaining materials, parts, and products from
other companies
Supply chain efficiency and effectiveness refer to value and cost respectively (T/F) -
correct answerFALSE
Technology is both a change driver and a change facilitator element (T/F) - correct
answerTRUE
Globalization has had little effect on marketplace and economy (T/F) - correct
answerFALSE
There have been many changes driven by deregulation. Which is not one of these
changes? - correct answerThere is a greater distinction among common, contract, and
private carriers
What activity is described as the movement of goods into a warehouse, the placement
of goods in a warehouse, and the movement of goods from storage to order picking
areas and eventually to dock areas for transportation out of the warehouse? - correct
answerMaterials handling
The utility created through the basic marketing activities is known as place utility (T/F) -
correct answerFALSE
Time utility depends on - correct answerTransportation companies delivering on time to
customers
A ____ analysis examines a logistics system over a long period of time or output -
correct answerDynamic
A balanced system is - correct answerInbound and outbound flows are nearly equal
An important sustainability issue related to logistics that has received much more
scrutiny in the recent years is the: - correct answerReduction in packaging waste by
using alternate materials
The value that is added to a good through a manufacturing, production, or assembly
process is: - correct answerForm utility
What are established spatial points where goods stop for storage or processing - correct
answerNodes
AND ANSWERS Latest update 2026|
Instant Download PDF
Successful supply chain integration is based on achieving what objective(s)? - correct
answer- Recognizing the final customer service level requirements
- Deciding where to position inventories along the supply chain and how much to stock
at each point
- Developing appropriate policies and procedures for managing the supply chain as a
single entity
Integrated logistics - correct answerCombines inbound logistics with the outbound
logistics of physical distribution
The total systems cost concept is based on? - correct answerRelationships between the
various elements of a given system
Supply and demand has become less volatile as managers become more adept at
controlling the elements (T/F) - correct answerFalse
Most retailers are essentially supply chain companies since - correct answerThey buy
products produced by others
Point of Sales data can - correct answer- Provide real time data
- Mitigate the bullwhip effect
- Reduce costs
Which of the following is not an external force driving the rate of change and shaping
our economic and political landscape? - correct answerEnvironmental concerns
External forces driving the rate of change and shaping our economic and political
landscape? - correct answerGovernment policy
Technology
Globalization
Cost/Value refers to - correct answerthe importance of cost and value at the very end of
the supply chain.
Complexity in the supply chain is caused by - correct answer- the number of SKUs
- locations of customers and suppliers
- transportation requirements
, Supply chain managers no longer need to worry about suboptimization in light of today's
technology - correct answerFALSE
Outsourcing involves: - correct answerObtaining materials, parts, and products from
other companies
Supply chain efficiency and effectiveness refer to value and cost respectively (T/F) -
correct answerFALSE
Technology is both a change driver and a change facilitator element (T/F) - correct
answerTRUE
Globalization has had little effect on marketplace and economy (T/F) - correct
answerFALSE
There have been many changes driven by deregulation. Which is not one of these
changes? - correct answerThere is a greater distinction among common, contract, and
private carriers
What activity is described as the movement of goods into a warehouse, the placement
of goods in a warehouse, and the movement of goods from storage to order picking
areas and eventually to dock areas for transportation out of the warehouse? - correct
answerMaterials handling
The utility created through the basic marketing activities is known as place utility (T/F) -
correct answerFALSE
Time utility depends on - correct answerTransportation companies delivering on time to
customers
A ____ analysis examines a logistics system over a long period of time or output -
correct answerDynamic
A balanced system is - correct answerInbound and outbound flows are nearly equal
An important sustainability issue related to logistics that has received much more
scrutiny in the recent years is the: - correct answerReduction in packaging waste by
using alternate materials
The value that is added to a good through a manufacturing, production, or assembly
process is: - correct answerForm utility
What are established spatial points where goods stop for storage or processing - correct
answerNodes
