LSCM Final Exam Study Questions 100%
Solved.
Some individuals describe the current consumer as the "click here" generation because -
answerwe no longer wait for information to be "pushed out" to us
Logistics, in its simplest form, - answercombines inbound logistics with the outbound logistics
...
Logisticians seek cost trade-offs. A "positive" cost trade-off is a situation where: - answer✔Some
costs increase, some decrease, and the net effect is that total costs decrease.
Each of the following functional areas would typically be included within logistics: -
answer✔Customer service, order processing, transportation, warehousing and storage
Which of the answers below is an example of the creation of form utility by a LOGISTICS
ACTIVITY? - answer✔the breaking bulk and repackaging at a distribution center
An outbound-to-customer logistics system is also referred to as - answer✔physical distribution.
Oversupply is created by: - answer✔phantom demand
The weighted moving average method assigns - answer✔a weight to each previous period.
Many industry initiatives have attempted to create efficiency and effectiveness through the
integration of supply chain activities and processes. Among the various initiatives is/are -
answer✔quick response (QR)
vendor-managed inventory (VMI)
efficient consumer response (ECR)
Name the four types of forecast error measures that can be used. - answer✔cumulative sum of
forecast errors (CFE)
mean squared error (MSE)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller sirjoel. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
