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UARK SCMT 2103 Questions Correctly Answered

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  • UARK SCMT 2103 -

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...

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  • August 30, 2024
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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

4 R's of supply chain - Answer- 1. Responsiveness
2. Reliability
3. Resilience
4. Relationships

Days of supply - Answer- =365/turns

COGS - Answer- =(Avg Inventory in$) * (# of turns)

Days of supply - Answer- =total supply/ usage per day

annual holding cost - Answer- (holding factor %)*(average inventory $)

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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