Lscm Exam 1 Questions And Answerscomplete Solutions

An outbound-to-customer logistics system= Physical ____ An Inbound-to-customer logistics system= Physical ____ {Ans: out= distribution in=Supply}Phantom demand is created by over-ordering during peak demand. {Ans: True}• Minimum Warehouse Cost + Minimum Transportation Cost + Minimum Inventory Cost = {Ans: = Minimum Supply Chain Cost}A sales and operations planning process (S&OP) can produce a forecast internally that all functional areas agree upon and can execute. {Ans: T}An important observation to note about channel structure is that it involves the elements of fixed costs versus variable costs. {Ans: True}All four subdivisions of logistics have some common characteristics. Which of the below does not belong in the list: transportation scheduling forecasting marketing {Ans: Marketing}