Idis 343 - Study guides, Class notes & Summaries

IDIS 343 Final Real Exam Questions with Complete Solutions / Correct Answers Which of the following product characteristics is the most related to the utilization of the transportation equipment and the inventory space? •Value-to-weight ratio Value of the product Weight-to-volume ratio Substitutability - Correct Answer Weight to Volume Ratio Which of the following products would more likely need a responsive supply chain? Ball point pens Christmas ornaments Customized birthday gifts...

IDIS 343 Latest Version with Complete Solutions supply chain Supply chain influences all activities that we perform from initial raw material / supplier to end customer What is Supply Chain Management (SCM)? The fortune quote defines it as -"Overseeing the movement of goods from the customers order through to production, storage, and distribution." A better definition might be -"A set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and st...

IDIS 343 Exam 2 Latest Update Graded A+ Carrying Cost cost for carrying inventory over time the primary cost is the cost of money tied up in inventory, but also includes obsolescence, insurance, personal property taxes, and storage costs Procurement Costs cost of preparing the order, order transmission, production setup, materials handling/ processing at the receiving dock price of goods Out-of-stock Costs include lost sales cost & backorder cost Lost Sales Cost profit imm...

TAMU IDIS 343 Exam 1 Latest Update Graded A+ Supply Chain Management Getting the *right goods* or services to the *right place*, at the *right time*, and in the desired condition at the *lowest cost* and *highest return on investment*. Supply Chain Structure raw material --> manufacturer --> distributor --> end user Business Logistics is made up of? Physical Supply and Physical Distribution Physical Supply (materials management) Transportation Inventory Maintenance ...

IDIS 343 Final Review Latest Update Graded A+ Carrying Costs: -Cost for holding the inventory over time -Typically costs range from short term capital to about 40% per year. The average is about 25%/year of the item value in inventory. Primary cost of carrying costs Money tied up in inventory What are the different costs for carrying costs? -Money tied up in inventory -Obsolescence -Insurance -Personal Property Taxes -Storages costs Procurement costs: -Cost of preparing th...

IDIS 343 Exam 1 Latest Version Graded A+ Primary Key Act/Processes setting customer service goals, transportation, inventory management, location Secondary Key Act/Processes warehousing, materials handling, acquisition, protective packaging, product scheduling, order processing Customer Service Triangle inventory, transportation, and location strategy customer desires in the supply chain quick response & mass customization an integral part of company strategy generate revenue...

IDIS 343 Exam 3 Latest Update Graded A+ Logistics The art and science of obtaining, producing and distributing material and product in the proper place and in proper quantities US Business Logistics Costs USBLC Cost, Speed of Delivery, Flexibility, IT Resources Transportation is typically decided based on a trade-off of what? Air Mode of Transportation: -Fast and Reliable -Expensive Air Mode of Transportation that is good for: -Shipping high-value -Lightweight over ...

IDIS 343 FINAL QUESTIONS AND ANSWERS

IDIS 343 Exam 1 Questions And Answers Already Passed what 3 things need to be right in supply chain management definition? quantities, locations, time primary logistics activities CS goals, inventory management, transportation, location % of GDP that is logistics costs 10.5-12 why are customers more demanding of the supply chain? they want quick response & mass customization 4 ways logistics adds value form, ownership, time, place 2 largest logistics costs transportation &...

supply chain : Supply chain influences all activities that we perform from initial raw material / supplier to end customer What is Supply Chain Management (SCM)? : The fortune quote defines it as -"Overseeing the movement of goods from the customers order through to production, storage, and distribution." A better definition might be -"A set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses, and stores, so that merchandise is produced and distrib...