lscm 3960 exam 1 - quiz questions with correct answers 100% 2026

lscm 3960 exam 1 - quiz questions with correct answers 100% 2026 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 Answer Combines inbound logistics with the outbound logistics of physical distribution The total systems cost concept is based on? - Correct Answer Relationships 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 Answer False Most retailers are essentially supply chain companies since - Correct Answer They 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 Answer Environmental concerns External forces driving the rate of change and shaping our economic and political landscape? - Correct Answer Government policy Technology Globalization Cost/Value refers to - Correct Answer the 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 Answer FALSE Outsourcing involves: - Correct Answer Obtaining materials, parts, and products from other companies Supply chain efficiency and effectiveness refer to value and cost respectively (T/F) - Correct Answer FALSE Technology is both a change driver and a change facilitator element (T/F) - Correct Answer TRUE Globalization has had little effect on marketplace and economy (T/F) - Correct Answer FALSE There have been many changes driven by deregulation. Which is not one of these changes? - Correct Answer There 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 Answer Materials handling The utility created through the basic marketing activities is known as place utility (T/F) - Correct Answer FALSE Time utility depends on - Correct Answer Transportation companies delivering on time to customers A ____ analysis examines a logistics system over a long period of time or output - Correct Answer Dynamic A balanced system is - Correct Answer Inbound 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 Answer Reduction in packaging waste by using alternate materials The value that is added to a good through a manufacturing, production, or assembly process is: - Correct Answer Form utility What are established spatial points where goods stop for storage or processing - Correct Answer Nodes What is often the largest component of logistics costs? - Correct Answer Transportation costs Marketers have begun to recognize the strategic value of place in the marketing mix, as well as the benefits resulting from high-quality logistical services. As a result, which has been recognized as the interface activity between marketing and logistics? - Correct Answer Customer service What technology has helped make the physical inventory-taking process more efficient and effective? - Correct Answer Scanning of barcodes and RFID tags Water cruisers is located in Jacksonville, Florida and makes sma