LSCM Final Exam Study Questions 100%
Solved.
Some individuals describe the current consumer as the "click here" generation because -
answerwe no longer wait for information to be "pushed out" to us
Logistics, in its simplest form, - answercombines inbound logistics with the outbound logistics
...
Logisticians seek cost trade-offs. A "positive" cost trade-off is a situation where: - answer✔Some
costs increase, some decrease, and the net effect is that total costs decrease.
Each of the following functional areas would typically be included within logistics: -
answer✔Customer service, order processing, transportation, warehousing and storage
Which of the answers below is an example of the creation of form utility by a LOGISTICS
ACTIVITY? - answer✔the breaking bulk and repackaging at a distribution center
An outbound-to-customer logistics system is also referred to as - answer✔physical distribution.
Oversupply is created by: - answer✔phantom demand
The weighted moving average method assigns - answer✔a weight to each previous period.
Many industry initiatives have attempted to create efficiency and effectiveness through the
integration of supply chain activities and processes. Among the various initiatives is/are -
answer✔quick response (QR)
vendor-managed inventory (VMI)
efficient consumer response (ECR)
Name the four types of forecast error measures that can be used. - answer✔cumulative sum of
forecast errors (CFE)
mean squared error (MSE)
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