Question 36 (1 point)

What is the largest potential problem with a fully automated electronic transaction system between a customer and a supplier?

Question 36 options:

There is no human review of the data and decisions being made

Frequent software upgrades may impact operating times

Such a system is costly to implement and maintain

Supplier may lack the expertise to run the system

Question 37 (1 point)

Which of the following is NOT included when setting target inventory levels to store in the warehouse?

Question 37 options:

Desired customer service levels

Number of types of material handling equipment being used

Money available to purchase materials

Geographic market the WH will supply

Question 38 (1 point)

Which of the following is the LEAST important customer service performance measure within a warehousing/logistics system?

Question 38 options:

Shipment transit times

Finished goods product availability

Number of excess inventory items

Number of customer stock-outs

Question 39 (1 point)

What is the term used to describe the timely cycling of inventory levels?

Question 39 options:

Master Production Schedule (MPS)

Materials Requirements Planning (MRP)

ABC Analysis

Inventory turns

Question 40 (1 point)

When faced with a major distribution/logistics issue where time is a critical factor, which is the BEST approach a manager could undertake?

Question 40 options:

Understand customer requirements before making any decisions

Understand legal implications before making any decisions

Understand cost implications before making any decisions

Determine the impact that any decision would have upon inventory levels