Which of the following factors is the key determinant of safety stock for finished goods?
A. Forecast variance
B. Mean absolute deviation (MAD)
C. Standard deviation
D. Desired service level
Value stream mapping provides the most benefit during which of the following tasks?
A. Analyzing a supplier relationship management (SRM) system
B. Identifying non-value-added activities
C. Planning kaizen events
D. Implementing a quality improvement initiative
The United Nations (UN) Global Compact is best defined as a:
A. voluntary initiative to advance universal principles on human rights, labor, anticorruption, and environmental stewardship.
B. credential that indicates a multinational organization is upholding minimum standards of legal compliance and financial reporting.
C. set of guidelines encouraging firms that plan to expand into other countries to adhere to the standards of their home countries.
D. set of minimum standards for a wide range of business practices that allows organizations to receive global compliance certification
Which of the following circumstances best describes a roadblock to implementing customer relationship management (CRM)?
A. Lack of strategic alignment and integration within the organization
B. Limited defined industry standards
C. Deterioration of customer service levels
D. Increased access to information for supply chain partners
The primary reason for having supply contracts appropriate for make-to-stock (MTS) and make-to-order (MTO) business environments is consideration of:
A. quality.
B. revenue.
C. risk.
D. market share.
Increased collaboration and access to channel partner competencies are achieved by sharing:
A. transportation and incentive plans.
B. cost sharing and partner agreements.
C. inventory and transactions.
D. data and business intelligence.
When developing an environmentally responsible purchasing program, which of the following alternatives should be considered?
A. Proximity of skilled labor
B. Transportation impact
C. Infrastructure development
D. Regional market shar
Supply chain disruption avoidance measures typically are based on distinguishing:
A. common and special causes of variation.
B. supplier issues from distribution issues.
C. planned events from unplanned events.
D. certified trading partners from other trading partners.
In which of the following logistics structures does the flow of products typically proceed through an established arrangement of firms from origin to destination?
A. Direct
B. Combined
C. Echelon
D. Indirect
Which of the following documentation represents a carrier's method of charging for transportation services performed?
A. Shipment manifest
B. Bill of lading (B/L)
C. Letter of credit (L/C)
D. Freight invoice
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