Retailing Management Study Set 1

Business

Quiz 10 :
Information Systems and Supply Chain Management

Quiz 10 :
Information Systems and Supply Chain Management

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Electronic data interchange (EDI)is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers.
Free
True False
Answer:

Answer:

False
Explanation: Supply chain management is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers.

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An advance shipping notice (ASN)is a document that tells the DC what specifically is being shipped and when it will be delivered.
Free
True False
Answer:

Answer:

True
Explanation: An advance shipping notice (ASN)is a document that tells the DC what specifically is being shipped and when it will be delivered.

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Cross-docking is when vendors ship merchandise prepackaged in the quantity required for each store and when the products arrive to the distribution center,the products move to the staging area to be shipped to the designated stores.
Free
True False
Answer:

Answer:

True
Explanation: Cross-docking is when vendors ship merchandise prepackaged in the quantity required for each store and when the products arrive to the distribution center,the products move to the staging area to be shipped to the designated stores.

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The pick ticket is a document or display on a screen in a forklift truck that indicates how many cartons to get from specific storage areas.
True False
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In a pull supply chain,there is less likelihood of being overstocked or out of stock because the store requests for merchandise are based on customer demand.
True False
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Drop shipping is the process of capturing value from and/or properly disposing of merchandise returned by customers and/or stores.
True False
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The buildup of inventory in an uncoordinated channel is called the bell-curve effect.
True False
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Vendor-managed inventory (VMI)is an approach for improving supply chain efficiency in which the vendor is responsible for maintaining the retailer's inventory levels.
True False
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Radio frequency identification (RFID)is a technology that allows an object or person to be identified at a distance by means of radio waves.
True False
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Pack verification happens after a worker has packed a case or carton,usually just before sealing it.
True False
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_____ is a set of activities and techniques firms employ to efficiently and effectively manage the flow of merchandise from the vendors to the retailer's customers.
Multiple Choice
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Which of the following is a benefit of efficient supply chain management?
Multiple Choice
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Which of the following is not a benefit of efficient supply chain management?
Multiple Choice
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Which of the following is not a reason why an efficient supply chain is important to retailers?
Multiple Choice
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Fewer stockouts and tailored assortments translate into _____.
Multiple Choice
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A(n)_____ occurs when a stock keeping unit that a customer wants is not available.
Multiple Choice
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Jane visits the local supermarket to purchase caviar for a dinner party.Upon enquiry,she finds out that caviar is sold out.Which of the following terms best describes this situation?
Multiple Choice
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Which of the following is a typical reaction that customers exhibit when experiencing multiple stockouts?
Multiple Choice
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Bloomsberry LLC,a fashion retailer,periodically keeps updating their collection of apparel.Woolen apparels are stocked during winter,and cotton apparels are stocked during summer.Which of the following is this an example of?
Multiple Choice
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An efficient supply chain and information system can improve its return on assets (ROA)because the system _____.
Multiple Choice
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