Uark scmt 2103 - Study guides, Class notes & Summaries

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...

SCMT 2103 UARK Final The objective of Walmart's early network design strategy was to - Answer- locate stores close to distribution centers Some companies do not outsource because they do not want to - Answer- Lose their ability to manage the activity The term ___ today refers to affirm that supplies logistics and possibly other supply chain management services - Answer- Third party logistics provider Economies of scale is defined as a reduction in ___ when volumes are increased - An...

Which supply chain strategy is needed in less predictable environments? - Agile Which type of flexibility refers to the ability to scale output up and down without significant penalty? - Volume Flexibility The increasing volatility shown by the Supply Chain Volatility index indicates which strategy will become increasingly important? - Agile Which is a key outcome of a lean strategy? - Reduced waste

SCMT 2103 KENT Exam 2 Uark Which supply chain strategy is needed in less predictable environments? - Answer- Agile Which type of flexibility refers to the ability to scale output up and down without significant penalty? - Answer- Volume Flexibility The increasing volatility shown by the Supply Chain Volatility index indicates which strategy will become increasingly important? - Answer- Agile Which is a key outcome of a lean strategy? - Answer- Reduced waste Which supply chain stra...

You are on guard duty at a category I missile and rocket storage area. Which additional restriction do you have to enforce? - don't let just one authorized person in (two-person rule) While guarding a category II and III storage area, the following people ask to enter the restricted area. Which ones would you ADMIT? - people with IDs and who are on the roster only How many modes of communication should be available to a guard? - 2 You are now responsible for monthly IDS inspections. To ens...

Which supply chain strategy is needed in less predictable environments? - Agile Which type of flexibility refers to the ability to scale output up and down without significant penalty? - Volume Flexibility The increasing volatility shown by the Supply Chain Volatility index indicates which strategy will become increasingly important? - Agile Which is a key outcome of a lean strategy? - Reduced waste Which supply chain strategy works best in high volume, low variety and predictable en...