OSU 4380 Exam 1 Actual Questions With Correct Answers 100% Correct.
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Course
SCM 4380
Institution
SCM 4380
Logistics - correct answer the part of the supply chain that plans, implements, and controls the effective forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption in order to meet c...
OSU 4380 Exam 1
Logistics - correct answer the part of the supply chain that plans, implements, and
controls the effective forward and reverse flow and storage of goods, services and related information
between the point of origin and the point of consumption in order to meet customers' needs
Inbound Logistics - correct answer The area of logistics that involves bringing raw
materials, packaging, other goods and services, and information from suppliers to producers.
Materials management
Outbound Logistics - correct answer The area of logistics that involves managing the
flow of finished products and information to business buyers and ultimate consumers
shipping, distribution, retailers
Logistics vs. Supply Chain - correct answer Logistics is a subset of supply chain -
deals with physical product flows such as transportation, warehousing, materials handling, order
fulfillment
Supply chain - involves the coordination of supplier, manufactures, retailers and distribution
Considerations with Product - correct answer How much inventory should we have,
product design, sustainability of products
Promotion - correct answer needing high availability of highly advertised products
ex. PS5 has low availability and as a result they lose $$
Price - correct answer what is the total landed price of a product must factor in all
costs - shipping, production, overhead
, Place - correct answer Getting inventory to the right place - having a large demand
does very little when supply is low
Total cost Approach - correct answer Match demand with supply as effectively as
possible, keep costs as low as possible.
Determine the Economic Order Quantity
All activities - ex shipping and storing - should be factored and considered in total cost
RFID advantages over SKU - correct answer RFID contains much more infomation -
one RFID chip can have all the information for a shipping container
more efficient then thousands of SKU's
No need for direct contact to scan
Landed Cost - correct answer the price of a product at the source plus
transportation costs to its destination
think online retail - price plus shipping cost
Inbound logistics - correct answer Movement into and storage of materials in a firm
Outbound Logistics - correct answer Storage of finished products and movement to
the customers
Demand Variations - correct answer quality problems, labor problems, unusual
weather conditions, delays in shipments of goods
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