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IDIS 240 FINAL EXAM UPDATED SUMMER 2024 QUESTIONS AND ANSWERS SOLVED CORRECTLY 100%

IDIS 240 Final Exam Review Questions with Verified Answers There are three end users as discusses in Overview of the Industrial Channel. Which of the following is one of those end users? Original Equipment Maintenance Owner of Equipment Manufacturer None of these Owner of Equipment Maintenance Original Equipment Manufacturer Original Equipment Manufacturer If you buy Allen-Bradley products in Houston, Texas, you must purchase from Reynolds Electric, this is an example of ______...

IDIS 433 Final Exam Latest Update with Verified Solutions S.M.A.R.T. goals S. - Specific M. - Measurable A. - Aligned R. - Reach-out or Relevant T. - Time-bound 10 steps structured brainstorming 1. State what you are brainstorming and write it where everyone can see it. 2. Ask for help in brainstorming, and go for: a large number of ideas and at least one "wild" i idea from each and expect to hear "seed" words. 3. Have participants write their ideas individually and...

IDIS 344 Exam 1 Johnson Latest Update Graded A+ ERP System Integrates finances, manufacturing, and HR into single computer system; look for cost and functionality ERP acronym Enterprise Resource Planning Why ERP STREAMLINES business improves efficiency reduce cost helps with stratification integrates all aspects of oper. ERP tracks products, salesforce, customers, vendors, financials, analytics ERP is NOT not autopilot for businesses, not substitute for knowledge and exp...

IDIS 344 Final Exam Questions and Answers Graded A+ Of the 5 S's, which 2 are considered to be "inventory control" and which one is considered as "order processing"? -Stock and Store -Ship Source, stock store, sell, ship Barcoding systems Benefit include • Increases Productivity • Maximizes Efficiencies • Reduces costs & waste • Improves Quality Control Barcoding systems NETWORKS include: list 3 • Computer • Printer • Supporting Software- "Mincron Smar...

IDIS 240 EXAM 1 VESTAL LATEST UPDATE GRADED A+ OEM Original Equipment Manufacturer - buys the product and "rebrands" to sell as their own with warranty MRO Maintenance Repair Operation - people who fix something with a problem Contractor Person who provides supplies or service under contract Breaking bulk Shipping something in individual components 3PL 3rd Party Logistics Provider - specializes in warehousing and transportation services that customize to customers based on ...

IDIS 240 EXAM 2 - EVAN VESTAL - SPRING 2024 GRADED A+ List Price Nationally Advertised Price Selling Price List Price - Trade Discounts = COGS + Margin or = COGS + Markup Net Price Selling price - all allowable discounts (cash discounts), equal to selling price IF NO DISCOUNTS Cost of Goods Sold (COGS) Cost of Merchandise + Freight charges from Manufacturer Freight Cost The cost of moving an item from where it was manufactured to either the distributor or the customer's l...

IDIS 343 Latest Version with Complete Solutions supply chain Supply chain influences all activities that we perform from initial raw material / supplier to end customer What is Supply Chain Management (SCM)? The fortune quote defines it as -"Overseeing the movement of goods from the customers order through to production, storage, and distribution." A better definition might be -"A set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and st...

IDIS 240 Final Exam – Vestal Latest Version Graded A+ Cash Flow Cash in bank > purchased inventory > sold inventory > accounts receivable > cash in bank List Price The retail price listed selling price list price - trade discounts Net price = selling price - allowable discounts (cash discounts) Net Sale Cost of Good Sold (COGS) = Cost of Merchandise + Freight from Manufacturer Trade Discounts specify term of sale and change of price with how they see fit. ...

IDIS 343 Exam 2 Latest Update Graded A+ Carrying Cost cost for carrying inventory over time the primary cost is the cost of money tied up in inventory, but also includes obsolescence, insurance, personal property taxes, and storage costs Procurement Costs cost of preparing the order, order transmission, production setup, materials handling/ processing at the receiving dock price of goods Out-of-stock Costs include lost sales cost & backorder cost Lost Sales Cost profit imm...