Scm3 - Study guides, Class notes & Summaries

average function definitionreturns the average (mean) of its arguments; can be numbers or names, arrays, or references that contain numbers average function argumentswhatever you want to find average of minimum function definitionreturns the smallest number in a set of values, ignores logical values and text minimum function arguments=MIN(number 1, number 2, etc) maximum function defintionreturns the largest number in a set of values, ignores logical values and text maximum function a...

Scm315 Final Exam Questions And Answers (Verified And Updated) Average function definition - answerreturns the average (mean) of its arguments; can be numbers or names, arrays, or references that contain numbers average function arguments - answerwhatever you want to find average of minimum function definition - answerreturns the smallest number in a set of values, ignores logical values and text minimum function arguments - answer=MIN(number 1, number 2, etc) maximum function defintion ...

Scm315 chap 13 Exam Questions And Answers (Verified And Updated) Average function definition - answerreturns the average (mean) of its arguments; can be numbers or names, arrays, or references that contain numbers average function arguments - answerwhatever you want to find average of minimum function definition - answerreturns the smallest number in a set of values, ignores logical values and text minimum function arguments - answer=MIN(number 1, number 2, etc) maximum function defintio...

SCM315 Chap 13 Exam Questions with 100% Correct Answers | Graded A+ 1. If you buy items for one-half the market price without obtaining appropriate quality, delivery, or quantity standards, your firm would _________________. - D. be rendered noncompetitive In general, price is important; however, remember __________ of many variables that go into purchasing decisions. - C. it is only one 3. The objective of the purchasing department is to buy the _______ materials from the ______ supplie...

1. If you buy items for one-half the market price without obtaining appropriate quality, delivery, or quantity standards, your firm would _________________. D. be rendered noncompetitive In general, price is important; however, remember __________ of many variables that go into purchasing decisions. C. it is only one 3. The objective of the purchasing department is to buy the _______ materials from the ______ supplier at the ______ time and at the ______ price. C. right / right / right...

SUMPRODUCT(array 1, array 2, ...)is a function of adding up the products of numbersat the same positions in multiple arrays SUMPRODUCT Condition:Input arrays must have the same size and structure (orientation).SUMPRODUCT Function VLOOKUP(lookup_value, table_array, col_index_num, range_lookup):return a value fromthe specified column (col_index_num) at the row of the matched identifier (lookup_value)in the selected table (table_array) lookup_value: data point in Table A to match with id...

Scm315 chap 13 Exam Questions And Answers (Verified And Updated) 1. If you buy items for one-half the market price without obtaining appropriate quality, delivery, or quantity standards, your firm would _________________. - answerD. be rendered noncompetitive In general, price is important; however, remember __________ of many variables that go into purchasing decisions. - answerC. it is only one 3. The objective of the purchasing department is to buy the _______ materials from the ______...

SCM315 exam preparation Questions and Answers 100% Correct | latest update SUMPRODUCT(array 1, array 2, ...) - is a function of adding up the products of numbersat the same positions in multiple arrays SUMPRODUCT Condition: - Input arrays must have the same size and structure (orientation).SUMPRODUCT Function VLOOKUP(lookup_value, table_array, col_index_num, range_lookup): - return a value fromthe specified column (col_index_num) at the row of the matched identifier (lookup_value)in the...

Midterm study guide for supply chain management 315 at ASU. Very thorough and explains all information needed for exams. I watched all of the lectures to take these notes, and I got an A+ in the course using these notes.

A business owner uses 162 parts each day. Ordering cost for parts is $10 per order, and annual holding cost is 1 dollars per unit. Assume 360 days in a year. What is the Economic Order Quantity for parts? - ANS 1,080 EOQ=SQRT(2DS/H)=SQRT(2*162*360*10/1)=1,080 units. A business owner uses 162 parts each day. Ordering cost for parts is $10 per order, it take 3 days to receive the parts once an order is placed, and annual holding cost is 1 dollars per unit. Assume 360 days in a year. What is ...