IDIS 344 EXAM 1 STUDY GUIDE WITH COMPLETE SOLUTIONS
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Course
IDIS 344
Institution
IDIS 344
IDIS 344 EXAM 1 STUDY GUIDE WITH
COMPLETE SOLUTIONS
What are the two primary factors Distributors use to determine pricing and discount
setup. - ️️ Correct-PRODUCTS
CUSTOMERS
(also vendors)
Who normally gets the best price and why? - ️️ Correct-Charge customers normally
get the best ...
CYCLE ITEM - ✔️✔️Correct-If the effective quantity is LESS THAN the line point, order
up to the line point
EOQ ITEM - ✔️✔️Correct-If effective quantity is greater than or equal to the line point,
order up to the EOQ or the line point whichever is greater.
Distributors using traditional order processing (NOT AN ERP) have several problems,
what are some of the problems? - ✔️✔️Correct--Difficult to track order from acceptance to
fulfillment.
-Difficult to make purchase orders, inventory receipts, and costs
-Room for human error and mistakes
-increase paperwork implies increased non value added activities
-There's more delay which increases lead time
-Negative impact on customer service
- Lack of integration which causes business to run less efficiently
What are the 5 S's of supply chain planning - ✔️✔️Correct-Source
Stock
Store
Sell
Ship
What are the support services in supply chain planning? - ✔️✔️Correct-- Information
Technology
- Human Resource Management
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