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Supply Chain Management 301 Exam 3 (Iowa State) With Complete Solutions $12.99   Add to cart

Exam (elaborations)

Supply Chain Management 301 Exam 3 (Iowa State) With Complete Solutions

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Supply Chain Management 301 Exam 3 (Iowa State) With Complete Solutions

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  • September 2, 2024
  • 42
  • 2024/2025
  • Exam (elaborations)
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120 Multiple choice questions

Term 1 of 120
(T/F) The three inputs for calculating Customer Lifetime Value are Average Annual Sales, Expected
Lifetime and Forecasted Profits.

True


False

Definition 2 of 120
David Maister's First Rule of Service is:

Climate change

You can't please all the customers all the time


Continuous connectivity

Satisfaction = perception − expectation

Definition 3 of 120
Which of the following strategic foreign facilities is set up in a location with an abundance of
advanced suppliers, competitors, research facilities, and knowledge centers to get access to the
most current information on materials, components, technologies, and products?

Business cluster

Contributor factory


Server factory

Data warehouse

,Definition 4 of 120
The acts of receiving shipments, breaking down shipments, repackaging shipments, and
distributing components to a manufacturing location or finished products to customers by a
distribution center is referred to as:

Crossdocking

E-purchasing


E-distributors

Customs Brokering

Definition 5 of 120
Service provided by multiple servers acting in parallel is referred to as:

Continuous connectivity

Server factory


Process integration

Multiple-channel queuing system

Definition 6 of 120
Your company allows customers to "opt-out" of receiving email advertisements. This is referred to
as:

Information visibility

Event-based marketing

Cross-selling

Permission marketing

,Definition 7 of 120
Regional trade agreements assist with which of the following?

Identify all factors considered important to the facility location decision

-Handle trade disputes
-Provide technical assistance for developing countries
-Monitor national trade policies


-Increasing safety stock
-Develop a formal risk management program
-Diversify the supply base

-Customer service levels drop
-More safety stock must be held
-Cost may increase due to expedited deliveries

Term 8 of 120
(T/F) The Balanced Scorecard framework consists of four perspectives: financial perspective,
human resources perspective, inventory perspective, and the logistics perspective.

True

False

Definition 9 of 120
Cost-based performance measures _____ reflect the underlying performance of the productive
systems of an organization.

Always Accurately

Are The Most Reliable Indicators

Rarely

Depend Solely On External Factors

, Definition 10 of 120
A ___________________ consolidates large numbers of small shipments to fill entire truck trailers or rail
cars to achieve truckload or carload transportation rates.

Freight forwarder

Supply chain manager

Customs broker

Third-party logistics provider

Definition 11 of 120
Which of the following is a direct benefit from the adoption of NAFTA?

A rise in unemployment rates in asia

An increase in trade between U.S., Canada, and Mexico

A decrease in trade barriers within europe

A growth in agricultural production in africa

Definition 12 of 120
When utilizing performance standards, the difference between the standard and the actual
performance is called the:

Certified Variance

Performance Variance

Performance Dashboards

Organizational Variance

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