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SCMT Test 1 – Thomas Questions With All Verified Solutions 100% Correct!!
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SCMT Test 1 – Thomas Questions With All Verified Solutions 100% Correct!!
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Name: Score:115 Multiple choice questions
Definition 1 of 115
Logistics creates which utility through productions forecasting, productions scheduling and
inventory control?
Industrial Packaging
Quantity Utility
Qualitative
Customer Service Targets
Definition 2 of 115
The__________ component of customer service includes such factors as availability of spare parts,
technical support, feedback and complaint processes, et cetera.
Supply Chain
Post- Transactions
Bottleneck
Total Cost Ownership
Definition 3 of 115
One of the effects of adding distribution centers is reducing store lead time and inventory. If
inventory is reduced, ROA will ____________.
Increase
Integration
Increase, decrease
Expected value
,Definition 4 of 115
What is often the largest component of logistics costs?
Transportation Costs
implementation and continuous improvement
On-time shipments
Qualitative
Definition 5 of 115
The product's dollar value and weight density typically affect the cost of logistic activities. Which
is not one of these affected logistics costs?
future; past
promotion costs
Enhanced Trust
decrease; more
Definition 6 of 115
Lowe's builds a distribution center that is closer to some of its retail stores. Lowe's expects
transportation costs to ___________.
decrease
reactive
future; past
Demand Review
,Definition 7 of 115
Which of the following is true of item fill rate?
Days of Inventory + Days of Receivables - Days of Payables
implementation and continuous improvement
All of the above
All of these are true
Definition 8 of 115
According to the article you read on the annual State of Logistics Report, which of the following
statements is true?
Perform a strategic assessment of their organizational objectives and needs
cannot tell what the magnitude would be from the bias.
Perform a strategic assessment of their (Frito Lay's) organizational objectives and needs.
Parcel spending increase due to e-commerce demand increases and moved ahead of rail in
terms of expenditures for the first time.
Definition 9 of 115
Some measures of forecast accuracy include the running sum of forecast errors, the mean
absolute percentage error, and mean forecast. The formula for each is dependent on the forecast
error, which is calculated by using this equation:
II.Procurement Time
III. Manufacturing time & Delivery time
Actual demand for period t minus the forecast demand for period t
Forbid any social interactions outside of the business
Perform a strategic assessment of their organizational objectives and needs
, Definition 10 of 115
Inventory is a component of ________ on the balance sheet
level
decrease
consensus
Assets
Definition 11 of 115
What is the final step in developing a successful supply chain relationship?
The percentage of Items in stock is 40%
I. Delphi Method
II. Judgemental Method
implementation and continuous improvement
All of the above
Term 12 of 115
Increase the Lead time and Increase the variability of lead time (I & III)
Which of the following is the 7 R's definition of logistics?
Which of the following is an example of noise in demand data?
By spending less time on transportation, one will most likely
Which of the following is a component of logistics lead time?
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