Uark scmt 2103 exam 1 - Study guides, Class notes & Summaries

UARK SCMT 2103 check your understandings (Exam 1)

UARK SCMT 2103 Exam 1 Latest Updated

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...