UARK SCMT 2103 -Exam 1
The objective of Walmart's early network design strategy was to: - Answer- Locate stores close to a Distribution Center
Which of the following is a theme throughout the course? - Answer- How logistics and supply chain management can be used to create a competitive advan...
UARK SCMT 2103 -Exam 1
The objective of Walmart's early network design strategy was to: - Answer- Locate
stores close to a Distribution Center
Which of the following is a theme throughout the course? - Answer- How logistics
and supply chain management can be used to create a competitive advantage
The management of the flow and storage of inventory, such that total costs are
minimized and customer service targets are achieved is referred to as: - Answer-
Logistics
Process redesign is concerned with improving performance but does so by changing
______. - Answer- the order of activities
Economies of scope - Answer- focuses on the average total cost of production of a
variety of goods
safety stock equation - Answer- (Maximum daily usage * Maximum lead time in
days)
What are measures of reliability of a logistics process? - Answer- Standard deviation
& Coefficient of variation
Safety stock is _______________. - Answer- the expected number of units on hand
just before a replenishment is received and available for use or sale
Resilience in the 4 R's of supply chain competition is defined as being able to
_________________. - Answer- deal with unexpected disruptions in the supply
chain
Which of the following formulas calculate annual inventory turns? - Answer- Units
sold in a year / average number of units in inventory
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