Asu Scm 300 Final Exam Davila Test Questions

Queuing Systems: Goals (M5) {Ans: balance the cost paid by the customer with the cost paid by the company's every pays in line whiter its time, money, or both}Logistics (M1) {Ans: responsible for developing the transportation itinerary and finding the appropriate transportation and storage partners to successfully navigate the flow of materials from point of origin to final destination point}What is C-TPAT? (M7) {Ans: customs trade partnership against terrorism; voluntary program developed by US customs and border protection for companies importing goods into the US / if part of program then get less hassle speedier clearance / after 9/11}VMI (M5) {Ans: vendor managed inventory --> retailers allow vendors to monitor in-store inventories, intimate orders / shipments to the store when things are low and bring items into the store directly to the shelf / less confusion for retailer and more accuracy}TEU (M4) {Ans: twenty-foot-equivalent 1 TEU = 1 twenty footer and 2 TEU = 1 forty footer}Competitive Priorities (M1) {Ans: cost, quality, speed, flexibility}