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IDIS 343 Correctly Answered Questions| UpToDate | Already Graded A+
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...
- Exam (elaborations)
- • 33 pages •
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...
IDIS 343 Exam 2 Correctly Answered Questions | UpToDate | Already 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 immediately foregone, future profits foregone...
- Exam (elaborations)
- • 20 pages •
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 immediately foregone, future profits foregone...
IDIS 343 Exam 2 Correctly Answered Questions | UpToDate | Already 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 immediately foregone, future profits foregone...
- Exam (elaborations)
- • 20 pages •
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 immediately foregone, future profits foregone...
IDIS 343 exam 1 Correctly Answered Questions| UpToDate | Already Graded A+
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 & inventory most frequent logistics tradeoffs 2 | P ...
- Exam (elaborations)
- • 13 pages •
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 & inventory most frequent logistics tradeoffs 2 | P ...
IDIS 343 Exam #1 Correctly Answered Questions| UpToDate | Already 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 & improve profit logistics is a key to...
- Exam (elaborations)
- • 14 pages •
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 & improve profit logistics is a key to...
IDIS 343 Final Review Correctly Answered Questions| UpToDate | Already 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 the order -Cost of order transmission -Cost of ...
- Exam (elaborations)
- • 16 pages •
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 the order -Cost of order transmission -Cost of ...
IDIS 343 Exam 2 TAMU Correctly Answered Questions| UpToDate | Already Graded A+
Annual holding cost is calculated based on : Average inventory If EOQ is ordered which of the following is true? : Annual order cost is equal to the annual holding cost The Setup cost (in a production scenario) are analogous _________ costs. : ordering The slope of the total cost curve at EOQ is : zero The three general classes of costs that are important in identifying the EOQ : Purchase cost, ordering cost, holding cost Which of the following is NOT an advantage of a periodic review ...
- Exam (elaborations)
- • 6 pages •
Annual holding cost is calculated based on : Average inventory If EOQ is ordered which of the following is true? : Annual order cost is equal to the annual holding cost The Setup cost (in a production scenario) are analogous _________ costs. : ordering The slope of the total cost curve at EOQ is : zero The three general classes of costs that are important in identifying the EOQ : Purchase cost, ordering cost, holding cost Which of the following is NOT an advantage of a periodic review ...
IDIS 343 Exam 3 Correctly Answered Questions | UpToDate | Already 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: 2 | P a g e -Shipping high-value -Lightweight over long distances -Expediting Tru...
- Exam (elaborations)
- • 11 pages •
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: 2 | P a g e -Shipping high-value -Lightweight over long distances -Expediting Tru...
IDIS 340 Correctly Answered Questions| UpToDate | Already Graded A+
Which of the following is (are) the most accurate explanation(s) for what truly drives the economy? : Gross Output (GO) Producers Consumers are not the primary driver of the economy, but Gross Domestic Product is commonly cited as evidence that they are. : True Producers are the primary driver of the economy, and Gross Output clearly demonstrates this fact : True Amazon is an example of : Fulfillment Center Trust is easy to build and hard to destroy. : False The customer is upst...
- Exam (elaborations)
- • 20 pages •
Which of the following is (are) the most accurate explanation(s) for what truly drives the economy? : Gross Output (GO) Producers Consumers are not the primary driver of the economy, but Gross Domestic Product is commonly cited as evidence that they are. : True Producers are the primary driver of the economy, and Gross Output clearly demonstrates this fact : True Amazon is an example of : Fulfillment Center Trust is easy to build and hard to destroy. : False The customer is upst...
IDIS 330 Test 1 Correctly Answered Questions| UpToDate | Already Graded A+
Sales is both : an art and a science ADSC : Attention Discovery Solution Commitment Purpose of Attention Step : get the buyers mind off of what it's on and focused on you Principle of Persuasion : before telling anyone anything, always tell them why they should listen. We need to pique someone's curiosity Purpose of Discovery Step : Looking for problems that we can provide solutions to 2 | P a g e Most overlooked step in Norms opinion : Discovery step In Discovery Step : enc...
- Exam (elaborations)
- • 15 pages •
Sales is both : an art and a science ADSC : Attention Discovery Solution Commitment Purpose of Attention Step : get the buyers mind off of what it's on and focused on you Principle of Persuasion : before telling anyone anything, always tell them why they should listen. We need to pique someone's curiosity Purpose of Discovery Step : Looking for problems that we can provide solutions to 2 | P a g e Most overlooked step in Norms opinion : Discovery step In Discovery Step : enc...
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