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| Section | Objectives |
|---|---|
| Demand Planning and Forecasting | - Spreadsheet Newsvendor Models - Issues and Trade-offs in Global Supply Chain Management - Demand Forecasting and Purchase Price Variance (PPV) Savings - Integrated View of Procurement, Manufacturing and Operations Management - Revenue Management - Supply Chain Issues for Short Life Cycle Products |
| E-Supply Chain Management | - Modern Fulfilment Tools and Applications in Supply Chain - Warehouse Management System (WMS) - Information Flows and Information Systems Integration - Differences Between Logistics and Supply Chain Management - Big Data and IoT in Supply Chain |
| Major Supply Chain Issues: Sourcing Materials and Services | - Developing Productive Supplier Relationships in a Competitive Market - Inventory Management - Introduction to Global Supply Chain Management - Role of Logistics in Supply Chains - Major Challenges in Supply Chain Management Today |
| Distribution and Operations Management | - Introduction to Distribution Network - Warehouse Management - Stock Management - Transport Management - Order Management |
| Principles of Supply Chain Management & Logistics | - Factors Affecting Supply Chain Management - Supply Chain Processes - Introduction to Supply Chain Management - Management Components of Supply Chain Management |
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NEW QUESTION # 81
A graphical plot depicting the level of inventory over time is
Answer: B
Explanation:
An inventory profile is the graphical representation of inventory quantity as it changes over time. It provides a visual picture of replenishment and consumption behavior and is particularly important when analyzing cycle inventory. Under steady demand and periodic replenishment, the profile normally resembles a saw-tooth pattern: inventory increases when a replenishment lot arrives and then progressively declines as demand consumes the stock.
The profile allows supply-chain professionals to examine several operating characteristics, including maximum inventory, minimum inventory, average cycle inventory, replenishment frequency, stockout exposure, and the relationship between lot size and carrying cost. When a replenishment quantity of Q is received and inventory is subsequently depleted at a constant rate, the inventory profile provides the visual basis for deriving average cycle inventory as Q/2.
The alternatives "inventory graph" and "inventory drawing" are generic descriptions rather than the established supply-chain term. "Distribution inventory" refers to inventory positioned within the distribution network rather than to a graphical representation.
Therefore, the defined term for a plot depicting inventory levels over time is inventory profile . This terminology is consistent with standard cycle-inventory treatment used in supply-chain planning.
Reference Topic: Inventory Management - Inventory Profiles, Cycle Inventory, and Replenishment Behavior.
NEW QUESTION # 82
If you have a customer that wants deliveries on a certain day you are adapting this part of SCM to accommodate?
Answer: D
Explanation:
The correct answer is Customization because the supply chain is adjusting its standard service offering to meet a specific customer's individual delivery requirement. Rather than providing only a uniform delivery schedule, the organization configures fulfillment around the requested day.
Supply-chain customization can involve product configuration, order quantities, packaging, delivery windows, transportation arrangements, documentation, service levels, or other customer-specific requirements. In this scenario, the customized element is the delivery service .
Flexibility is an enabling capability: a flexible logistics network makes customization easier because transportation and fulfillment resources can adapt to changing requirements. However, the question asks what the organization is doing from the customer's perspective. It is tailoring service to an individual requirement, which is customization.
Innovation would involve introducing a genuinely new process, product, or method. Sustainability concerns environmental and long-term resource considerations and does not address the delivery-day requirement.
Modern supply-chain agility research also distinguishes customization as satisfying specific customer requirements while flexibility provides the operational ability to make those adjustments.
Reference Topic: Logistics, Warehousing and Transportation Management - Customer-Specific Service and Delivery Customization.
NEW QUESTION # 83
Situations where demand information is distorted as it moves between different stages of the supply chain, leading to increased variability in orders within the supply chain are referred to as
Answer: B
Explanation:
Information processing obstacles occur when demand information becomes distorted as it passes from one stage of the supply chain to another. Each organization may receive only the orders of its immediate customer rather than having direct visibility into actual consumer demand. If those orders contain batching, safety-stock adjustments, promotional purchases, or forecast corrections, the upstream organization can incorrectly interpret the variation as a true change in market demand.
The organization then revises its own forecast and purchasing or production requirements, creating an even larger upstream response. Repetition of this process across multiple stages produces increased order variability and contributes directly to the bullwhip effect.
Two critical sources are forecasting from orders rather than actual consumption and insufficient information sharing. Appropriate remedies include point-of-sale data sharing, integrated information systems, collaborative forecasting, shared inventory visibility, and single-stage control of replenishment where suitable.
Information-processing obstacles differ from operational obstacles, which involve ordering practices and lead times; pricing obstacles, which involve discounts and promotions; and behavioral obstacles, which concern organizational learning and trust.
The standard coordination framework defines this category specifically as distortion of demand information as it moves across supply-chain stages.
Reference Topic: Technology, Analytics and Digital Transformation - Information Visibility, Demand Signals, and Coordination.
NEW QUESTION # 84
When demand is steady, cycle inventory and lot size are related as