Question 1

Electronic data interchange and Internet links decrease the velocity of supply chains.

Accepted Answer

A) True 
 B)False

Question 2

Speedex, an automobile company, has an annual sales volume of $3 million, cost of goods sold equal to $2 million, total average on-hand inventory of $600,000, and 150 operating days in a year. What is the daily revenue earned by the company?

Accepted Answer

A)   $10,000
B)   $20,000
C)   $30,000
D)   $40,000

Question 3

__________is inventory that has been ordered but is in transit.

Accepted Answer

A)   Pipeline inventory
B)   Decoupling inventory
C)   Buffer inventory
D)   Anticipation inventory

Question 4

If an online retail store has cost of goods sold equal to $2 million, has 200 operating days in a year, and has a total average on-hand inventory of $500,000, the cost of goods sold per day is _____.

Accepted Answer

A)   $2,500
B)   $15,000
C)   $7,500
D)   $10,000

Question 5

A high average inventory value reduces the chances of inventory obsolescence.

Accepted Answer

A) True 
 B)False

Exam 12: Supply Chain Management and Logistics

A high average inventory value reduces the chances of inventory obsolescence.

Correct Answer
verified

Electronic data interchange and Internet links decrease the velocity of supply chains.

Correct Answer
verified

If an online retail store has cost of goods sold equal to $2 million, has 200 operating days in a year, and has a total average on-hand inventory of $500,000, the cost of goods sold per day is _____.

Correct Answer
verified

Speedex, an automobile company, has an annual sales volume of $3 million, cost of goods sold equal to $2 million, total average on-hand inventory of $600,000, and 150 operating days in a year. What is the daily revenue earned by the company?

Correct Answer
verified

__________is inventory that has been ordered but is in transit.

Correct Answer
verified

Exam 12: Supply Chain Management and Logistics

A high average inventory value reduces the chances of inventory obsolescence.

Correct AnswerverifiedShow Answer

Electronic data interchange and Internet links decrease the velocity of supply chains.

Correct AnswerverifiedShow Answer

If an online retail store has cost of goods sold equal to $2 million, has 200 operating days in a year, and has a total average on-hand inventory of $500,000, the cost of goods sold per day is _____.

Correct AnswerverifiedShow Answer

Speedex, an automobile company, has an annual sales volume of $3 million, cost of goods sold equal to $2 million, total average on-hand inventory of $600,000, and 150 operating days in a year. What is the daily revenue earned by the company?

Correct AnswerverifiedShow Answer

__________is inventory that has been ordered but is in transit.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified