Lscm Exam 1 100% Verified Answers 2024/2025

RFID applications have been widely embraced due to their low cost and high reliability. {Ans: False}Many organizations are working more closely with {Ans: customers, suppliers, and various types of logistics suppliers}Water cruisers is located in FL and makes small yachts for cust. on E. coast of the US. Each boat requires parts purchased from +1,000 vendors. Boats in production at one time, large # of parts arriving and stored. Once boat is finished, it is sailed up coast for cust. delivery. What type of logistics system? {Ans: Heavy inbound}can be improved through " Thoroughly researching customer needs, establishing service levels that make realistic trade-offs b/n revenues and expenses, making use of the latest tech in order processing systems, measuring and evaluation the performance of individual logistics activities. {Ans: Customer service}Capital cost can focuses on the cost capital tied up in ____ and the resulting lost opportunity from investing elsewhere. 1. WIP 2. inventory 3. plants 4. distribution centers {Ans: Inventory}The ABC analysis is based on {Ans: Pareto's Law.}