Which of the following effects is most likely to occur for a supply chain within a trading bloc?
A. Increased loss of intellectual property
B. Increased growth due to consolidation
C. Loss of business due to more imports
D. Shorter lead times due to decreased border crossing scrutiny
A company considers moving a portion of its production to a distant country to support a major customer. Which of the following actions is most effective in mitigating the risk of financial loss in the event of a global economic downturn?
A. Expanding the customer base globally
B. Reducing the global work force
C. Reducing prices of all products
D. Adding features for all products
Which of the following product design strategies is most likely to result in reduced costs due to greater economies of scale?
A. Modularization
B. Simplification
C. Specialization
D. Standardization
In a reverse auction, which of the following entities posts a request for a target price?
A. Supplier
B. Customer
C. Auctioneer
D. Market maker
The primary objective of aggregate planning is to:
A. improve forecast accuracy.
B. reduce cash-to-cash cycle time.
C. develop a service-level target.
D. achieve cyclical employment levels.
The primary role marketing plays in demand planning is to:
A. manage the sales force.
B. determine monthly production.
C. determine plant locations.
D. establish customer service standards.
A primary benefit of utilizing a third-party logistics (3PL) provider is that it:
A. reduces transactions.
B. reduces resources.
C. increases control.
D. increases flexibility.
Companies with manufacturing facilities in one country are more cost-competitive in exporting goods to world markets when:
A. the local currency is strong.
B. the local currency is weak.
C. the local currency is stable.
D. the local currency is pegged to the target market.
Which of the following techniques is the most effective way to combine in-transit inventory from multiple vendors before delivery to the final customer?
A. Use containers on railroad cars.
B. Use centralized warehouses.
C. Use trucks for reverse logistics.
D. Use cross-docking warehouses.
Which of the following actions is key to improving forecast accuracy?
A. Using a tracking signal
B. Reducing cumulative product lead time
C. Changing from a time series forecasting method to a causal forecasting method
D. Changing from forecasting at the product family level to the stock keeping unit (SKU) level
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