Question 1

__________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 2

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

Accepted Answer

A) True 
 B)False

Question 3

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 4

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

Accepted Answer

A) True 
 B)False

Question 5

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

Exam 12: Supply Chain Management and Logistics

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

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

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

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

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

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

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