A planning process specifically designed to balance demand and supply within an organization and arrive at a consensus forecast is known as:
A. advanced planning and scheduling (APS).
B. collaborative planning, forecasting, and replenishment (CPFR).
C. sales and operations planning (SandOP).
D. distribution requirements planning (DRP).
A developing country would like to improve its trade relations with Europe by updating its port infrastructure. Which international organization would help fund the project?
A. the bank for International Settlements
B. The World bank
C. The Central bank
D. The International Monetary Fund
A company would like to implement a strategic initiative of enhancing its reverse logistics process. Which of the following statements best describes the profitability impact of such a strategy?
A. More profits due to higher return rate of customers
B. More profits due to larger volume of returned products
C. Less profits due to increase in investment costs
D. Less profits due to negative impact on brand image
Which of the following measures would a company use in attempting to improve its customer service dimension of dependability?
A. Order cycle time
B. Inquiry response time
C. On-time delivery
D. Order agility
A logistic team has developed new packaging for their best-selling product that reduces the packaging costs by 60% and the overall package size by 25%. The material can no longer be stacked on pallets and must be shipped and stored in non-stackable, returnable plastic bins.
Which of the following statements bests represents the potential trade-offs of implementing this change?
A. Higher labor costs, improved customer service, and no change in warehouse costs
B. Higher labor costs, increase in warehouse costs, and an increase in transportation costs
C. Improved customer service, increase in warehouse storage costs, and a decrease in transportation costs
D. Decrease in warehouse costs, increase in transportation costs, and no change in customer service
A supply chain manager would like to guard against potential shortage in their company's manufacturing capacity. Which of the following areas of supply chain risk should the manager pay most attention to?
A. Technical
B. Demand
C. Process
D. Financial
A company would like to encourage shippers to partner on sustainability initiatives. Which of the following rates would best meet this objective?
A. Density
B. Incentive
C. Differential
D. Blanket
What is the primary value-added service that a company would receive from using land-bridge services?
A. Reduced risk
B. Reduced transit time
C. Increased reliability
D. Increased capacity
Which of the following forms of supply chain risk is considered the most disruptive?
A. Supply
B. Process
C. Finance
D. Environment
Random stocking can be greatly improved through the use of a(n):
A. Automatic identification systems (AIS).
B. inventory management system (IMS)
C. transportation management system (TMS).
D. warehouse management system (WMS).
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