SCMN 3710 TESTS COMPILATION BUNDLE

SQ: The three fundamental forms of utility under capitalist economic theory are: correct answer: Possession, Form, and Time/Space The "Infrastructure" zone on the TC/CSL tradeoff curve is characterized by what? correct answer: fixed costs rising more rapidly than output (service) According...

**The desired outcome (focus) of decisions made about supply chain tradeoffs is to correct answer: drive the CSL/TC ratio higher **Which two countries account for approximately 36% of the total world population? correct answer: China, India **Which choice is not one of the essential factors ...

What external change drivers have had the most impact on the development of global supply chains in the 21st century? correct answer: Technology Describe the evolution from the physical distribution concept of the 1960s to the integrated logistics concept of the 1980s to the supply chain concept...

What are the 3 supply chain flows? correct answer: Product, Info, Financial What is the glue that holds together a supply chain correct answer: Transportation 3. Why do retailers now have the power in the supply chain? correct answer: Represent the consumer Correct formula for price elas...

what are the dimensions of competition and when did these dimensions come into play correct answer: cost, quality, delivery, flexibility and service 1950's what is the difference between delivery and flexibility correct answer: delivery - minimize the time between the order and the time the i...

What external change drivers have had the most impact on the development of global supply chains in the 21st century? correct answer: Globalization- inventory management challenges, larger/more complex supply chains Technology- internet, social media, worlds "knowledge pool" connected Or...

The primary tradeoffs and relationships between resources include the following a. space vs. equipment b. equipment vs. people c. people vs. space d. all of the above correct answer: d. all of the above Certain raw materials can be stored a. anywhere. b. upside down. c. only in a 3PL...

What is the definition of logistics from a business perspective and how does this fit in to the supply chain concept? p. 54-55 correct answer: `The management of materials both in motion, and at rest. This fits in the supply chain concept as it's core. at the end of the day, it's how are you goin...

Which mode of transportation is #1 in the U.S. in Value of Goods, Tons, and Ton-Miles shipped? correct answer: truck What are the differences between TL, LTL, and small package carriers? correct answer: • Truckload (TL) carriers handle single shipments that use the full cubic capacity of the ...

5 driving forces of change correct answer: 1. Globalization 2. Technology 3. Organizational Consolidation 4. Empowered Consumers 5. Government Policy and Regulation 3 Phases of development leading to the supply chain concept correct answer: 1. Physical Distribution (50s - 60s) total cos...

What external change drivers have had the most impact on the development of global supply chains in the 21st century? correct answer: *Technology* (compete internally and externally, we can pull information instead of push, social media affects customer demand), *Globalization* (recognize absolute ...

The primary tradeoffs and relationships between resources include the following (D) correct answer: a. space vs. equipment b. equipment vs. people c. people vs. space d. all of the above Certain raw materials can be stored (D) correct answer: a. anywhere. b. upside down. c. only in ...