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The inventory turnover is calculated using the annual cost of goods sold and the aggregate inventory value on average.

A) True
B) False

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3PL companies:


A) Offer their products in a most efficient manner
B) Are also known as third-place location firms
C) Have chosen to outsource at least portions of their supply chain management function
D) Provide services including handling product distribution and returns,receiving materials and managing warehouses

E) None of the above
F) All of the above

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There are essentially five broad categories of costs associated with inventory systems.What are they?

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Ordering or setup costs,invent...

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What does a positive cash conversion cycle (CCC)represent?

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"A positive CCC represents the...

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Which of the following is not a factor that is increasing the need to better manage the supply chain?


A) Optimization of their own value by most segments in the supply chain
B) Global competition and outsourcing
C) E-commerce and telecommunications
D) Outsourcing and shorter life cycles

E) All of the above
F) A) and D)

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What are the steps in the six-step process to leverage the location decision to enhance the development of long-term capabilities?

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"One,identify the sources of value the c...

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You just started working for The King Co.,an international corporation that sells mattresses.On your first day your manager tells you that the company just upgraded to and ERP system.What impact does this have on your company?

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The ERP system will have a major impact ...

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Which of the following is true about the bullwhip effect?


A) Variability in demand increases from the factory stage downstream to the customer stage
B) This cycle is prevalent in just about every industry
C) Lead times between the stages of the supply chain tend to be very short
D) Information lags stemming from large lot sizes with infrequent orders may be a cause

E) A) and D)
F) B) and C)

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Which of the following costs includes taxes,insurance on buildings,depreciation of buildings,and maintenance and repairs?


A) Capital costs
B) Risk costs
C) Ordering costs
D) Storage costs

E) None of the above
F) A) and B)

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