Scmn 2150 Test 2 Auburn University Exam Review Questions & Answers

What are the key performance metrics in logistics (hint: they are much the same as the supplier evaluation metrics)? {Ans: Shipping Time Accuracy Delivery Time Transportation Costs Warehousing Costs Number of Shipments Inventory Accuracy Inventory Turnover Inventory to Sales Ratio}What is logistics? {Ans: Logistics is planning and executing of the movement and support of forces.}What is outsourcing? {Ans: obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source.}What are the three key components of production? {Ans: 1. input 2. transformation 3. output}What is service parts logistics? How does it differ from traditional logistics? {Ans: Industry supports the overall repair and maintenance of equipment as it moves through its post-sales lifecycle. Traditional forecasting concepts and supply chain strategies do not apply to service parts}What issues and factors drive the production layout decision? {Ans: production variety and volume.}