Which of the following criteria is the primary factor when considering storage locations for high volume products?
A. Seasonality
B. Quality
C. Velocity
D. Perishability
The ISO 31000 standard can be best used for which of the following actions?
A. Certifying in risk management
B. Seeking generic guidelines on risk management
C. Comparing risk management practices
D. Creating industry specific risk management practice
An order with a requested ship date inside the demand time fence (DTF) has been received. There is no inventory available-to-promise (ATP). Which of the following positions is most appropriate to decide whether or not to accept the order?
A. Order entry representative
B. Sales manager
C. Master scheduler
D. Operations manager
A tool which allows content to be accessed, customized, and personalized to sell is called a(n):
A. customer relationship management (CRM).
B. value-added network (VAN).
C. customer portal.
D. online catalog.
A group of trading partners that uses the triple bottom line (TBL) to measure its performance is focusing on:
A. green reverse logistics.
B. supply chain integration.
C. market share and profitability.
D. sustainable business practices.
The Global Reporting Initiative (GRI) is intended to:
A. track the country's general business practices for country-to-country comparisons.
B. provide guidance on best practices for preparing a sustainability report.
C. allow for appropriate tariffs and fees for cross-border shipments.
D. establish the minimum standards that a firm should achieve for best-in-class.
The primary use of the ISO 14001 standard is to allow firms to:
A. improve the occupational health and safety of employees within the firm's buildings and factories.
B. demonstrate compliance to allow for faster and easier movement of goods across country borders.
C. reduce costs by becoming eligible for tax advantages offered for meeting climate goals.
D. provide guidance in monitoring the impact of activities throughout the life cycle.
Which of the following risks is associated with outsourcing?
A. Reduction of capital investment
B. Economies of scale
C. Conflicting objectives
D. Increased flexibility
A company sells 60 units of product in a given year and has an average quantity on hand of 10 units. What is the inventory turns ratio?
A. 0.16
B. 6
C. 60
D. 600
Which of the following attributes is an advanced functionality of a warehouse management system (WMS)?
A. Inventory management
B. Work order management
C. Labor management
D. Task management
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