Scmt uark exam 1 - Study guides, Class notes & Summaries

UARK SCMT 4653 Exam 1 With Correct Questions And Answers 2024

UARK SCMT 4653 Exam 1 With Correct Questions And Answers 2024

UARK SCMT 3643 Exam 1 How does the global business environment look now? - Answer- -integrated: its all connected, accessible to customers, resources -interdependent: businesses depend on each other Globalization Waves - Answer- - - (Russia peaked in the 1990's because of the dissolution of the Soviet Union Globalization is a.... - Answer- reform process Reform Process - Answer- -types of barriers: trade, investment, cultural, IT, political -traditional consequence: win or lose...

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...

UARK SCMT 2103 Exam 1 $1,200,000 - Answer- Average inventory last year was $200,000 and turns were 6. What was cost of goods sold last year? $150,000,000 - Answer- The inventory holding cost factor is 10% and the average inventory next year is expected to be $1.5 billion. What is the expected inventory holding cost? 33 - Answer- MegaMart operates 365 days a year. Annual inventory turns of a popular product is 11. How many days of supply does that represent? How logistics and supply c...

UARK SCMT 4653 Exam 3 Questions And Actual Answers (DSI Problems) Power imbalances and politics are: - 1.) Driven by marketing and sales, costs skyrocket, service levels plummet, firms go out of business 2.) Dominated by finance 3.) Demand plan is simply ignored at last minute Benefits of Postponement: - Simultaneously reduces some costs and improves service Increases product selection Mass customization to individual customer preferences Best condition for Postponeme...