A company distributes products through a multitiered distribution network. Recently there has been high demand variability for a mature product that had experienced stable demand for several years. The most appropriate way to address the variability of demand is to:
A. extend forecast horizon.
B. increase distribution safety stock targets.
C. increase manufacturing throughput.
D. increase demand visibility with all partners.
A company has significant cash invested in its finished goods inventories. What action can this company take to significantly reduce its inventory investment while maintaining its customer service levels?
A. Begin production after receipt of customer orders
B. Move the customer decoupling point from finished goods to components
C. Increase component assembly lead times
D. Plan key component material with preferred suppliers
A group of trading partners that produce and distributes supplies to commercial and industrial customers has decided to pursue competitive advantage by being responsive to customers' needs. The most appropriate positioning of safety stock to support this initiative would be at:
A. a central warehouse for each market segment.
B. the distribution centers (DCs) closest to the customers.
C. each node in the distribution channel.
D. each production facility.
Which of the following documents includes the valuation of goods for assessment of duties?
A. Insurance certificate
B. Export declaration
C. Bill of landing (B/L)
D. Commercial invoice
When determining lot sizes, consideration should be given to balancing which of the following costs?
A. Quality costs and product costs
B. Cost of goods sold (COGS) and indirect labor costs
C. Unit sales price and unit cost
D. Ordering costs and carrying costs
Replacing a raw material in a manufacturing process with an alternate material that reduces emissions is an example of using:
A. the global reporting initiative (GRI).
B. recycling.
C. rework.
D. life cycle assessment (LCA).
The purpose of Incoterms?? is to establish common:
A. software system terminology between supply chain partners.
B. contracts for trade within the supply chain.
C. company communication channels within the supply chain.
D. quality measures for use in the supply chain.
Which of the following statements about warehouse layout and storage is correct?
A. Product weight is the major factor driving warehouse layout.
B. Products with low volume are typically placed at the lower level in storage racks.
C. Warehouses that utilize fixed locations storage typically minimize space requirements.
D. A typical warehouse is engaged in a combination of short term and extended storage alternatives.
The use of break-bulk warehouses allows for reduced transportation costs by receiving:
A. large shipments and arranging for distribution to locations as smaller shipments.
B. sorting multiple receipts for outgoing shipments based on final destination.
C. converting individual pallets of goods into truckloads (TLs).
D. staging products for delayed delivery to customers.
Enterprise resources planning (ERP) is defined as a:
A. framework for organizing, defining, and standardizing business processes to use its internal knowledge to seek external advantage.
B. production control system that determines priorities of in-process work.
C. software module used to determine whether sufficient capacity is available to ship customer orders on time.
D. process whereby sales, marketing, and operations determine what products will be sold and what resources will be required for production.
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