Professional Documents
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True/False
Question The estimate is that the 3 PL industry will quadruple its size in next five years.
Correct Answer False
True/False
Question In an ideal world we would like a forecasting method for which all errors are near zero.
Correct Answer False
Your Answer True
True/False
Question The constraints in multiple equation methods will probably be different for different groups.
Correct Answer True
True/False
Question Incoming inventory is the receiving of the items, as a result of buying in from external or
internal suppliers
Correct Answer True
True/False
Question By going beyond internal supply chain & including external suppliers and customers does not
expose opportunities for improving internal operations.
Correct Answer False
Your Answer True
Modeling approaches are methods Which facilitate concise review & at Give guiding policies for strategic
the same time attempt to decisions.
accommodate the above polarity.
Rough cut methods give guiding For the operation decisions. Give normative models for more
policies operator decisions.
Network design methods For the most part give normative A comprehensive supply chain model
models for more strategic decisions. can be analyzed.
Simulation is the method by which A comprehensive supply chain For the most part give normative
model can be analyzed. models for more strategic decisions.
True/False
Question Retailers are not interested in low stock run.
Correct Answer True
Your Answer False
Correct Answer Large finished goods inventory , Additional stock to handle all the product proliferation ,
Increasing emphasize placed on speed
True/False
Question For a fixed time re-order cycle system, the time at risk is re-order lead time plus the re-order cycle time.
Correct Answer True
Your Answer False
True/False
Question There are no international EDI standards. The user organization require to develop it for their
operation only.
Correct Answer False
True/False
Question The marketing effort is somewhat restricted by the necessity to sell leftover products
following year.
Correct Answer True