UARK SCMT 2103 -Exam 1
The objective of Walmart's early network design strategy was to: - Answer- Locate stores close to a Distribution Center
Which of the following is a theme throughout the course? - Answer- How logistics and supply chain management can be used to create a competitive advan...
UARK SCMT 2103 -Exam 1
The objective of Walmart's early network design strategy was to: - Answer- Locate
stores close to a Distribution Center
Which of the following is a theme throughout the course? - Answer- How logistics
and supply chain management can be used to create a competitive advantage
The management of the flow and storage of inventory, such that total costs are
minimized and customer service targets are achieved is referred to as: - Answer-
Logistics
Process redesign is concerned with improving performance but does so by changing
______. - Answer- the order of activities
Economies of scope - Answer- focuses on the average total cost of production of a
variety of goods
safety stock equation - Answer- (Maximum daily usage * Maximum lead time in
days)
What are measures of reliability of a logistics process? - Answer- Standard deviation
& Coefficient of variation
Safety stock is _______________. - Answer- the expected number of units on hand
just before a replenishment is received and available for use or sale
Resilience in the 4 R's of supply chain competition is defined as being able to
_________________. - Answer- deal with unexpected disruptions in the supply
chain
Which of the following formulas calculate annual inventory turns? - Answer- Units
sold in a year / average number of units in inventory
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 Freshy. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.99. You're not tied to anything after your purchase.
