USA: +1 (725) 712-1730 
Sign in
1. Wal*Mart would wait to expand geographically until
| A. They could build another DC. | ||
| B. They saw where their competitors were opening stores. | ||
| C. The current markets they occupied were saturated. | ||
| D. They determined the highest margin market to enter. |
2. If we sold 500 units in a year, had an average inventory of 100 units, and were open 260 days a year, how many days of supply would we have?
| A. | 52 | |
| B. | 5 | |
| C. | 260 | |
| D. | Not enough information to calculate |
3. If we sold 500 units in a year and had an average inventory of 100 units, what was our inventory turns?
| A. | 50 | |
| B. | 5 | |
| C. | 0.2 | |
| D. | Not enough information to calculate |
4. The expected number of units on hand just before a replenishment is received and available for use or sale is referred to as
| A. unexplained inventory | ||||||||||||||
| B. | safety stock | |||||||||||||
| C. | unanticipated excess inventory | |||||||||||||
| D. customer service inventory
5. Process Redesign
|
6. Which of the following are considered customer service targets?
| A. | % of time in stock | |
| B. | % of demand fulfilled | |
| C. | % of items in stock | |
| D. | All of the above |
7. Process Improvement
| A. | is concerned with improving performance by changing the order of activities or fundamentally changing the activities themselves. | |
| B. | works to find ways to eliminate activities within a process. | |
| C. | focuses on eliminating costs | |
| D. | is concerned with increasing the performance of processes without changing the order of activities within the process or fundamentally changing the activities themselves. |
8. Standard Deviation and Coefficient of Variation measure
| A. | variability | |
| B. | uncertainty | |
| C. | both variability and uncertainty | |
| D. | neither variability or uncertainty |
9. If we sold 1,000 units in a year and had an average inventory of 100 units, what was our inventory turns?
| A. | Not enough information to calculate | |
| B. | 10 | |
| C. | 0.1 | |
| D. | 100 |
10. One reason it was cheaper for Wal*Mart to build new stores in rural areas was
| A. | Materials are closer to rural areas vs urban areas which lowers costs. | |
| B. | Labor was more productive in rural areas vs urban areas which generates a better ROI. | |
| C. | Land quality was better in rural areas. | |
| D. | They could get city governments to help pay a portion of the cost of construction. |
Expert Answer
Abswer:- 1. Wal*Mart would wait to expand geographically until
Correct option:- A. They could build another DC.
Reason:- Without having other DC , Wal Mart will not be able to fulfill the demand of that store.
Answer:- 3. If we sold 500 units in a year and had an average inventory of 100 units, what was our inventory turns?
Correct Answer:- 5
Reason:- Avg inventory – 500/100 =5
Answer 4:- The expected number of units on hand just before a replenishment is received and available for use or sale is referred to as
Correct Answer:- safety stock
Reason:- Safety stock is that stock of inventory which is maintained to ensure the inventory before receiving the replenishment.
Answer:- 5. Process Redesign
Correct Answer:- is concerned with increasing the performance of processes without changing the order of activities within the process or fundamentally changing the activities themselves.
Answer 6:- Which of the following are considered customer service targets?
Correct option:- % of demand fulfilled
Answer 7:- Process Improvement
Correct Answer:- concerned with increasing the performance of processes without changing the order of activities within the process or fundamentally changing the activities themselves
Answer 8: – Standard Deviation and Coefficient of Variation measure
Correct Option:- both variability and uncertainty
Reason:- Standard Deviation and Coefficient of Variation determines dispersion of a probability distribution or frequency distribution
Answer 9:- 9. If we sold 1,000 units in a year and had an average inventory of 100 units, what was our inventory turns?
Correct option is:- 10
Reason:- inventory turns = 1000/100=10
