1. Wal*Mart would wait to expand geographically until

1. Wal*Mart would wait to expand geographically until

A. They could build another DC.
B. They saw where their competitors were opening stores.
C. The current markets they occupied were saturated.
D. They determined the highest margin market to enter.

2. If we sold 500 units in a year, had an average inventory of 100 units, and were open 260 days a year, how many days of supply would we have?

A. 52
B. 5
C. 260
D. Not enough information to calculate

3. If we sold 500 units in a year and had an average inventory of 100 units, what was our inventory turns?

A. 50
B. 5
C. 0.2
D. Not enough information to calculate

4. The expected number of units on hand just before a replenishment is received and available for use or sale is referred to as

A. unexplained inventory
B. safety stock
C. unanticipated excess inventory
D. customer service inventory

5. Process Redesign

A. focuses on eliminating costs
B. is concerned with improving performance by changing the order of activities or fundamentally changing the activities themselves.
C. is concerned with increasing the performance of processes without changing the order of activities within the process or fundamentally changing the activities themselves.
D. works to find ways to eliminate activities within a process.

6. Which of the following are considered customer service targets?

A. % of time in stock
B. % of demand fulfilled
C. % of items in stock
D. All of the above

7. Process Improvement

A. is concerned with improving performance by changing the order of activities or fundamentally changing the activities themselves.
B. works to find ways to eliminate activities within a process.
C. focuses on eliminating costs
D. is concerned with increasing the performance of processes without changing the order of activities within the process or fundamentally changing the activities themselves.

8. Standard Deviation and Coefficient of Variation measure

A. variability
B. uncertainty
C. both variability and uncertainty
D. neither variability or uncertainty

9. If we sold 1,000 units in a year and had an average inventory of 100 units, what was our inventory turns?

A. Not enough information to calculate
B. 10
C. 0.1
D. 100

10. One reason it was cheaper for Wal*Mart to build new stores in rural areas was

A. Materials are closer to rural areas vs urban areas which lowers costs.
B. Labor was more productive in rural areas vs urban areas which generates a better ROI.
C. Land quality was better in rural areas.
D. They could get city governments to help pay a portion of the cost of construction.

Expert Answer

Abswer:- 1. Wal*Mart would wait to expand geographically until

Correct option:- A. They could build another DC.

Reason:- Without having other DC , Wal Mart will not be able to fulfill the demand of that store.

Answer:- 3. If we sold 500 units in a year and had an average inventory of 100 units, what was our inventory turns?

Correct Answer:- 5

Reason:- Avg inventory – 500/100 =5

Answer 4:- The expected number of units on hand just before a replenishment is received and available for use or sale is referred to as

Correct Answer:- safety stock

Reason:- Safety stock is that stock of inventory which is maintained to ensure the inventory before receiving the replenishment.

Answer:- 5. Process Redesign

Correct Answer:- is concerned with increasing the performance of processes without changing the order of activities within the process or fundamentally changing the activities themselves.

Answer 6:- Which of the following are considered customer service targets?

Correct option:- % of demand fulfilled

Answer 7:- Process Improvement

Correct Answer:- concerned with increasing the performance of processes without changing the order of activities within the process or fundamentally changing the activities themselves

Answer 8: – Standard Deviation and Coefficient of Variation measure

Correct Option:- both variability and uncertainty

Reason:- Standard Deviation and Coefficient of Variation determines dispersion of a probability distribution or frequency distribution

Answer 9:- 9. If we sold 1,000 units in a year and had an average inventory of 100 units, what was our inventory turns?

Correct option is:- 10

Reason:- inventory turns = 1000/100=10

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