Exam 9: Information Systems and Supply Chain Management

Overall, effective supply chain management results in higher gross margins and lower turnover of inventory.

Jane visits the local supermarket to purchase caviar for a dinner party. Upon enquiry, she finds out that caviar is sold out. Which of the following terms best describes this situation?

An inventory planner notes that the inventory she is responsible for would be best managed by relying on consumer demand. She recommends to her management to implement a(n) ________ that would support being in a better stock position of her managed product by store location.

Which of the following statements describes the benefits of a pull strategy?

An advance shipping notice (ASN) is a document that tells the DC what specifically is being shipped and when it will be delivered.

Each time a customer makes a purchase at a Walmart store from the health and beauty area, data is transmitted to the nearest distribution center so the merchandise can be replenished and sent on the next truck delivery. Which of the following strategies does Walmart utilize?

A(n) ________ is a document that tells the DC what specifically is being shipped and when it will be delivered.

Which of the following is not a reason why an efficient supply chain is important to retailers?

For fashion merchandise where there is only one shipment of the product or collection, the best supply chain method to use is the

Electronic data interchange (EDI) 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.

What is an advantage of using RFID over traditional bar codes?

________ is the sharing of forecasts and related business information between retailers and vendors to improve supply chain efficiency and product replenishment.

________ technology is a wireless network and a mobile device that receives demand notification and enables a speedy response. This solution allows the associate closest to the ordered item to physically pull it and verify its availability.

Which of the following statements is a method for improving net profit margin?

When the law office of Dewey, Cheatham, and Howe received the case of legal paper it had ordered from an Internet office supply retailer, the office manager was dismayed to find the paper was pink even though it was marked white. The office manager packed the paper and sent it back to the retailer who in turn sent it back to the vendor. This is an example of

Which of the following terms describes the process of moving returned goods from a customer to a retail store or FC, from a retail store to a DC, or from a DC to a vendor for the purpose of capturing value or proper disposal?

________ is a method where retailers receive orders from customers and have the product shipped directly to the customer from the vendor.

Which of the following statements is an advantage of using distribution centers over direct store delivery?

A vendor that employs sales associates for retailers to visit stores, analyze their business and inventory, and create displays of their products will most likely also utilize what method of product delivery?

What are the activities that take place at a distribution center?