Which of the following factors are most relevant in the purchase of widely used commodity materials?
A. Quality and service
B. Quality and availability
C. Price and service
D. Price and availability
Which of the following events would initiate an update of a manufacturing site business continuity plan?
A. A major renovation and asset consolidation program
B. A power outage lasting more than 48 hours
C. A country's upcoming political election
D. A one-week supply interruption from a vendor
Which of the following costs is an example of a specific inventory carrying cost?
A. Receiving and materials storage
B. Incoming inspection
C. Shrinkage
D. Inbound freight and duties
Which of the following end-to-end supply chain management processes would utilize forecast accuracy as a top performance metric?
A. Plan
B. Source
C. Make
D. Deliver
Which of the following methods is a strategy of moving products from receiving, sorting, and shipping, without putting goods into storage?
A. Order pooling
B. Drop shipping
C. Cross-shipment
D. Cross-docking
One of the benefits of utilizing ISO 31000 for a company is it:
A. increases an organization's ability to identify risk.
B. enhances internal controls and corporate governance.
C. maintains proper internal operational and financial controls.
D. provides a framework for an organization's environmental policy.
Which of the following statements regarding customer service is true?
A. A commitment of logistics is to provide best customer service regardless of cost.
B. All customers require fast delivery even if it means increased total cost.
C. One of the attributes of service reliability may mean that shipments arrive damage-free.
D. A basic customer service commitment must include taking a total zero-defect approach for all customers.
Which of the following statements best represents a supply chain approach to cost accounting using the theory of constraints (TOC)?
A. It tends to only focus on the actual running costs of the constraint.
B. It forces cost reduction efforts on all operations because they all may become constraints.
C. It tends to not allocate overhead to costs, making the accounting closer to cash flow.
D. It tends to view all costs of poor quality as sunk costs for the entire operation.
What emerging supply chain trend can mitigate risk from tariff wars between countries?
A. Digitalization
B. Sustainability
C. Regional sourcing
D. Trusted networks
As opposed to functional products, innovative products have which of the following characteristics?
A. Lead times are longer.
B. Product life cycle is longer.
C. Profit margins are lower.
D. Demand uncertainty is higher.
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