1. _____ devices are attached to containers, shipping cartons, behind clothing l
ID: 337857 • Letter: 1
Question
1.
_____ devices are attached to containers, shipping cartons, behind clothing labels, and on items to transmit data about the object in which it is embedded.
VMI
CPFR
RFID
UPC
EDI
2.
A RFID tag:
cannot detect employee theft.
requires manual updates for the item inventory system.
provides real-time tracking of the tagged product.
requires line-of-sight to function correctly.
increases the chances of a stockout.
3.
A reverse logistics system:
is engaged in with an objective of providing consistent quality
sends goods from a few DCs to a vast number of stores or customers.
seeks cost transparency in its standardized cost structures.
has a direct effect on the environmental sustainability.
has a preset distribution plan.
4.
The _____ manages the inbound merchandise by booking appointments for deliveries and notifying the planners of the scheduled delivery dates.
buyer
freight forwarder
coordinator
dispatcher
vendor
5.
The size, sales rate, and vendor performance typically determines whether or not cartons are _____.
freight forwarded
dispatched
cross-docked
quality checked
outsourced
6
Which of the following statements is true of direct store delivery?
It enables the retailer to carry less merchandise in individual stores.
It is the preferred mode when dealing with perishable goods.
It results in overall lower inventory investments.
The merchandise is delivered to the retailer’s DC and then distributed to the customer.
It is unaffected by the rising transportation costs.
7
_____ is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer’s customers.
Consumer direct fulfillment
Vendor-managed inventory
Reverse logistics
Backhaul
Supply chain management
8
Allen from Tony’s Inc. and Susan from Lucy’s Inc. partnered together to create a sales and inventory plan by store for the basic Tony’s men’s jeans silhouettes for the fall season. Susan shared their past sales and inventory data with Allen who then analyzed the information to determine how much and what product needed to be ordered each week. This is an example of _____.
direct fulfillment
third-party logistics
vendor-managed inventory
electronic data interchange
freight forwarding
9
An allocator relies on the _____ to know what merchandise will be arriving to the distribution center and what merchandise needs to be allocated.
pull supply chain
point-of-sale terminal
pick ticket
push supply chain
advance shipping notice
10
Which of the following statements is true of the pull supply chain?
Specified quantities of merchandise are shipped to stores at predetermined time intervals.
It is more responsive to changes in customer demand.
There is a greater likelihood of being overstocked or out of stock.
Merchandise is allocated to stores on the basis of forecasted demand.
It requires only a cheap and simple information system to support it.
11
Logistics is:
the handling of raw materials until they become salable goods.
the supply chain that is developed separately from the merchandising strategy.
the supply chain for retailers that does not impact profitability.
the management of merchandising products such as assortment planning and pricing.
the management of the flow and storage of merchandise from the vendor to the retailer to the customer.
12
A _____ occurs when an SKU that a customer wants is not available.
rain check
ship verification
reorder point
backhaul
stockout
13
When retailers allow a vendor to sell products on consignment, they:
set pricing based on costs of goods sold.
let the vendor bear the cost of owning the inventory.
receive additional discounts from suppliers.
engage in both horizontal and vertical integration.
determine what items will be promoted and how.
14
Which of the following steps is essential to ensure that merchandise is floor-ready?
Cross-docking
Retailing
Wearhousing
Break-packing
Ticketing
15
When retailers and vendors do not coordinate their supply chain management, excess inventory can build up in the system causing a _____ effect.
bullwhip
balloon
backwards inventory
whiplash
defective operational
16
Cross-docking:
requires that the items are stored in the distribution center for a few months.
is a compulsory step in the distribution center processing of goods.
routes all the similar items to a single store truck.
is followed by break packing in the distribution center.
results in confirmation of the number and type of merchandise in each carton.
17
Which of the following factors results in the bullwhip effect in an uncoordinated supply chain?
Not ordering extra despite current shortages
Regularity in sales
Delays in the merchandise receiving system
Use of EDI
Placing a number of small orders
18
Michelle made an online purchase of patio furniture from a store. When the shipment of her purchase arrived at her home, she noticed that the product was shipped to her directly from the manufacturer. The retailer and vendor are utilizing a system of _____.
outsourcing
cross-docking
drop-shipping
third party logistics
vendor managed inventory
19
A data warehouse:
is unidirectional in structure and organized by retailer information only.
is unidirectional in structure and organized by merchandise information only.
is a physical location where perishable goods are stored.
is unidirectional in structure and organized by purchase date information only.
contains detailed information about customers.
20.
Which of the following statements is true of the push supply chain?
There is a lesser likelihood of being overstocked or out of stock.
It requires a costly and sophisticated information system to support it.
Requests for merchandise are generated at the store level on the basis of sales data captured by POS terminals.
It is more responsive to changes in customer demand.
Specified quantities of merchandise are shipped to stores at predetermined time intervals.
Explanation / Answer
1.
_____ devices are attached to containers, shipping cartons, behind clothing labels, and on items to transmit data about the object in which it is embedded.
VMI
CPFR
RFID
UPC
EDI
2.
A RFID tag:
cannot detect employee theft.
requires manual updates for the item inventory system.
provides real-time tracking of the tagged product.
requires line-of-sight to function correctly.
increases the chances of a stockout.
3.
A reverse logistics system:
is engaged in with an objective of providing consistent quality
sends goods from a few DCs to a vast number of stores or customers.
seeks cost transparency in its standardized cost structures.
has a direct effect on the environmental sustainability.
has a preset distribution plan.
4.
The _____ manages the inbound merchandise by booking appointments for deliveries and notifying the planners of the scheduled delivery dates.
buyer
freight forwarder
coordinator
dispatcher
vendor
5.
The size, sales rate, and vendor performance typically determines whether or not cartons are _____.
freight forwarded
dispatched
cross-docked
quality checked
outsourced
6
Which of the following statements is true of direct store delivery?
It enables the retailer to carry less merchandise in individual stores.
It is the preferred mode when dealing with perishable goods.
It results in overall lower inventory investments.
The merchandise is delivered to the retailer’s DC and then distributed to the customer.
It is unaffected by the rising transportation costs.
7
_____ is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer’s customers.
Consumer direct fulfillment
Vendor-managed inventory
Reverse logistics
Backhaul
Supply chain management
8
Allen from Tony’s Inc. and Susan from Lucy’s Inc. partnered together to create a sales and inventory plan by store for the basic Tony’s men’s jeans silhouettes for the fall season. Susan shared their past sales and inventory data with Allen who then analyzed the information to determine how much and what product needed to be ordered each week. This is an example of _____.
direct fulfillment
third-party logistics
vendor-managed inventory
electronic data interchange
freight forwarding
9
An allocator relies on the _____ to know what merchandise will be arriving to the distribution center and what merchandise needs to be allocated.
pull supply chain
point-of-sale terminal
pick ticket
push supply chain
advance shipping notice
10
Which of the following statements is true of the pull supply chain?
Specified quantities of merchandise are shipped to stores at predetermined time intervals.
It is more responsive to changes in customer demand.
There is a greater likelihood of being overstocked or out of stock.
Merchandise is allocated to stores on the basis of forecasted demand.
It requires only a cheap and simple information system to support it.
11
Logistics is:
the handling of raw materials until they become salable goods.
the supply chain that is developed separately from the merchandising strategy.
the supply chain for retailers that does not impact profitability.
the management of merchandising products such as assortment planning and pricing.
the management of the flow and storage of merchandise from the vendor to the retailer to the customer.
12
A _____ occurs when an SKU that a customer wants is not available.
rain check
ship verification
reorder point
backhaul
stockout
13
When retailers allow a vendor to sell products on consignment, they:
set pricing based on costs of goods sold.
let the vendor bear the cost of owning the inventory.
receive additional discounts from suppliers.
engage in both horizontal and vertical integration.
determine what items will be promoted and how.
14
Which of the following steps is essential to ensure that merchandise is floor-ready?
Cross-docking
Retailing
Wearhousing
Break-packing
Ticketing
15
When retailers and vendors do not coordinate their supply chain management, excess inventory can build up in the system causing a _____ effect.
bullwhip
balloon
backwards inventory
whiplash
defective operational
16
Cross-docking:
requires that the items are stored in the distribution center for a few months.
is a compulsory step in the distribution center processing of goods.
routes all the similar items to a single store truck.
is followed by break packing in the distribution center.
results in confirmation of the number and type of merchandise in each carton.
17
Which of the following factors results in the bullwhip effect in an uncoordinated supply chain?
Not ordering extra despite current shortages
Regularity in sales
Delays in the merchandise receiving system
Use of EDI
Placing a number of small orders
18
Michelle made an online purchase of patio furniture from a store. When the shipment of her purchase arrived at her home, she noticed that the product was shipped to her directly from the manufacturer. The retailer and vendor are utilizing a system of _____.
outsourcing
cross-docking
drop-shipping
third party logistics
vendor managed inventory
19
A data warehouse:
is unidirectional in structure and organized by retailer information only.
is unidirectional in structure and organized by merchandise information only.
is a physical location where perishable goods are stored.
is unidirectional in structure and organized by purchase date information only.
contains detailed information about customers.
20.
Which of the following statements is true of the push supply chain?
There is a lesser likelihood of being overstocked or out of stock.
It requires a costly and sophisticated information system to support it.
Requests for merchandise are generated at the store level on the basis of sales data captured by POS terminals.
It is more responsive to changes in customer demand.
Specified quantities of merchandise are shipped to stores at predetermined time intervals.
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