QUIZ 6 EXAM QUESTIONS

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QUIZ 6 EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -19 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation Question 1: Using a computerized Inventory Management System, a Paint Supply Store franchise continuously monitors the inventory of all the paint located at each of their 15 stores and their distribution warehouse. The Paint Supply Store franchise sells an average of 32 gallons of Red Paint every week (for 52 weeks per year, Standard Deviation of the Demand = 4 gallons). They purchase Red Paint from their supplier at a price of $2.00 per gallon.It takes 1.25 weeks to receive an order from the supplier.Administrative costs for Ordering paint have been estimated to be $15 per order.Holding Costs = 20% of the purchase price per gallon per year.How much Safety Stock should the company hold to have a Service Level of 99.0%?

Answer:

The form of warehousing that pulls together shipments from a number of sources in the same geographic area and combines them into larger and more economical loads is called: Question 2: The primary role of this mode of transportation is to move smaller shipments in

local, regional, and national markets:

Answer:

Highway

Question 3: What is the most important characteristic for being successful in a Supply Chain Management Career or as an SCM Major?

[NOTE: This applies to any other major or career path, too]

Answer:

You must be excited, motivated, determined, and dedicated to work toward achieving your best performance in your schoolwork and your first SCM jobs.Question 4: The last mile: the transportation from a delivery vehicle to your front door.

Answer:

Supply Chain Management involves the functions of Plan - Buy - Make - Deliver.Select the Best Way to describe the DECISIONS made within these four functions.

Question 5: Intermodal Tracker

Answer:

Midway through Session 13, we featured one of our Supply Chain Management alumni who works for

Patagonia. This video demonstrates that:

Question 6: X= 4.3333 Y= 2.3333

Answer:

At the beginning of Session 15, we featured Penske, a Transportation and Logistics provider. The following are all job roles mentioned in the video of Penske (and job roles in the "Deliver" part of Supply

Chain) EXCEPT:

Question 7: 3,300

Answer:

Bauer's Supply Chain Management Student Organization provides networking opportunities and dinner meetings with hiring managers, Supply Chain Management focused resume workshops and mock interviews facilitated by hiring managers of the companies that hire our students, Supply Chain Management Only recruiting events and job fairs, as well as fun social events. And they have events that are open to all majors as well. If you are considering becoming a Supply Chain Management major, this organization will help you to learn more about the major and will prepare you to be successful in your job search and career. The name of Bauer's Supply Chain Management student organization is: Question 8: The technology that is being developed and utilized to manage transportation documentation, product tracking, and Supply Chain handoffs, as described in the mini-video at

the end of Session 14 is called:

Answer:

Blockchain

Question 9: The primary role of this mode of transportation is to move large shipments of

domestic freight long distances:

Answer:

Rail Question 10: Session 14 described a store owned by "Justine," in order to describe how a variety of modes of transportation (highway, rail, water, air) all contribute to the success of a

company's operation. Justine's store sells:

Answer:

Shoes Question 11: The opening video of Session 14 features a transportation manager for the Salvation Army. One of the reasons this video was shown was to demonstrate that:

Answer:

Supply Chain Careers in Transportation and Logistics involve a variety of diverse tasks and involve coordinating work with a variety of different job functions. It involves exciting problem-solving challenges every day.

Question 12: Consolidation warehousing

Answer:

Joe's Window Washing is searching for an ideal location to support its Houston customers. It washes windows in three neighborhoods. Plotting the center of each neighborhood on an X-Y Grid yielded the following results:Neighborhood 1: X= 3 Y= 6 POPULATION = 10Neighborhood 2: X= 4 Y= 1 POPULATION = 20Neighborhood 3: X= 5 Y= 2 POPULATION = 30Using the Weighted Center of Gravity Method, what are the X-Y coordinates for the optimal location?Question 13: Which of the following modes of transportation is responsible for 81% of international freight movement?

Answer:

Water Question 14: If the buyer (located in Houston) is responsible for all costs of a shipment from

Cincinnati to Houston, the shipment will be labeled:

Answer:

FOB Houston

Question 15: The decisions made in these functions must be made collaboratively and concurrently (at the same time). Any decision in one area will influence the optimal decision for the other areas. Furthermore, the decisions made in Supply Chain Management must be made with the other functions of the business in mind: Sales, Marketing, Finance and Accounting decisions are also interdependent on the decisions made in Supply Chain Management. When one functional manager would like to change a way that part of the Supply Chain operates, the other functions of Supply Chain will need to coordinate their efforts to support these decisions.The interconnected nature of Supply Chain is one of the features that makes SCM complex - but, for our SCM majors, this is also the feature that makes Supply Chain the most fun. We get to use our creativity to improve the business performance!

Answer:

A Production Facility has produced 515,000 products and would like to allocate these products to their customers. Given the following requested customer demand, calculate how much of the EXCESS product should be sent to Customer 2.Customer 1 Demand = 115,000 Customer 2 Demand = 110,000 Customer 3 Demand = 95,000 Customer 4 Demand = 170,000 Customer 5 Demand = 10,000 Question 16: With a degree in Supply Chain Management (and some determination), it is possible to get a job in any company or any industry.

Answer:

The opening video of Session 13 describes how Amazon operates. This video explains that the most

expensive part of the delivery process is called:

Question 17: When you get into your first job in Supply Chain Management:

Answer:

Regardless of your job function: plan-buy-make-or deliver, Supply Chain Management professionals work closely with all the other Supply Chain Management Functions in the business. Thus, after 18-months to 3, 5, or 7 years of excellent performance , you could rearrange your career trajectory to work in a different part of the supply chain. In fact, many companies offer their new SCM employees the opportunity to participate in a 2-year rotation program where you get to work in a variety of SCM-related jobs throughout the company to see what you like bes Question 18: Suppose you are a student who would like to pursue a career in Supply Chain Management, but you are already scheduled to graduate with some other Non-SCM major within the next 3 - 6 months. What is one alternative for you to obtain the same knowledge, skills, and abilities that enable Bauer's Supply Chain Management Undergraduates to qualify for these exciting jobs?