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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 ...

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©SIRJOEL EXAM SOLUTIONS
10/11/2024 1:41 PM



LSCM Final Exam Study Questions 100%
Solved.




Some individuals describe the current consumer as the "click here" generation because -

answer✔we no longer wait for information to be "pushed out" to us


Logistics, in its simplest form, - answer✔combines inbound logistics with the outbound logistics

of physical distribution.


One of the major challenges of supply chain management is - answer✔maintaining the visibility

of inventory


Performance measurement is important because - answer✔lower-level metrics in an organization

must connect directly to the high-level performance to achieve goals.


Most retailers are essentially supply chain companies since - answer✔they buy products

produced by others.


Which of the following is NOT part of the Supply Chain network? - answer✔

, ©SIRJOEL EXAM SOLUTIONS
10/11/2024 1:41 PM


The challenge to develop and sustain an efficient and effective supply chain(s) requires

organizations to address a number of issues. Which is NOT included? - answer✔inventory

carrying costs


A critical outcome of the supply chain is to deliver - answer✔the right product to the right place.


What technology has helped make the physical inventory-taking process more efficient and

effective? - answer✔scanning of bar-coded RFID tags


It can be argued that _ is the second language of logistics and supply chain management. -

answer✔finance


The product's dollar value typically affects the cost of logistics activities. Which is NOT one of

these costs? - answer✔promotion costs


What are fixed established spatial points where goods stop for storage or processing? -

answer✔nodes


A(n) _______ relationship generally exists between the cost of lost sales and inventory cost. -

answer✔inverse


What is often the largest component of logistics costs? - answer✔transportation costs


Which of the following is the "marketing mix"? - answer✔distribution (product), price, product,

promotion

, ©SIRJOEL EXAM SOLUTIONS
10/11/2024 1:41 PM


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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