LSCM Final Exam 2 2024 with Complete Solutions

LSCM Final Exam 2 2024 with Complete Solutions A critical outcome of the supply chain is - ANSWERSthe right product to the right place. Most retailers are essentially supply chain companies since - ANSWERSThey buy products produced by others. Which of the below is not one of the external forces driving the rate of change and shaping our economic and political landscape? - ANSWERSEnvironmental concerns Outsourcing involves - ANSWERSobtaining materials, parts, and products from other companies Traditionally, information has been viewed as flowing in the opposite direction of products; that is, from the market/customer back to wholesalers, manufacturers, and vendors. - ANSWERSAnswer: "none of these answers" (The "Big Box" stores have developed their own sources; This is still true and has not changed; Computerization has greatly increased the flow of information from the source) Logistics in its simplest form - ANSWERSCombines inbound logistics with outbound logistics of physical distribution. One of the major challenges of supply chain management is - ANSWERSMaintaining the visibility of the inventory. One of the 4 supply chain flows in figure 1-7 that's received increased attention from supply chain managers due to the growth in technology is - ANSWERSDemand Flow The product's dollar value typically affects the cost of logistics activities. Which is NOT one of these costs? - ANSWERSPromotion Costs