Given the data below, what would be the new reorder point (ROP) if the lead time were reduced by 20%?
Daily demand = 20 units
Reorder lead time = 10 days Safety stock = 15 units
A. 160 units
B. 175 units
C. 195 units
D. 215 units
Which of the following terms refers to the body of laws and international agreements that govern the relationships and contracts between most international parties?
A. Convention on Contracts for the International Sale of Goods (CISG)
B. Incoterms
C. Lex Mercatoria
D. Vienna Convention
Which of the following scenarios illustrates how a company uses reverse logistics to positively impact profit?
A. Returning leftover materials, used product, and packaging waste for disposal.
B. Recalling products from the market due to safety concerns.
C. Issuing credits to customers for returned goods that no longer function.
D. Processing returned goods in order to return products to store shelves quickly.
A process in which printer and copier cartridges are manufactured, sold by retailers, consumed by customers, and returned to the manufacturer for reuse is an example of a(n):
A. eco-system.
B. reverse logistics system.
C. environmental initiative.
D. closed loop supply chain.
The standard measurement for intermodal containers is generally measured in:
A. twenty-foot equivalent unit (TEU).
B. forty-foot equivalent unit (FEU).
C. forty-eight-foot equivalent unit.
D. fifty-three-foot equivalent unit.
A computer manufacturer has a single distribution center (DC) that ships personal computers to the USA, Germany, Brazil, and Australia. The computer power supplies are added at the distribution center.
This kitting process is an example of:
A. globalization.
B. postponement.
C. distribution requirements planning (DRP).
D. final assembly schedule (FAS).
An agricultural corporation must receive permission from the Country X government to export rice to Country Y because Country Y has an import quota on Country X's rice. The document used to provide this permission is called a:
A. merchandise visa.
B. duty drawback.
C. merchandise duty.
D. customs bond.
A corporation's sales forecast has been consistently overstated in the past 6 months. Which of the following measures of forecast error does the corporation need to review to correct the situation?
A. Mean absolute percent error (MAPE)
B. Tracking signal
C. Mean absolute deviation (MAD)
D. Bias
Freight classifications are based on the cost of density, stowability, liability, and which of the following elements?
A. Ease of handling
B. Carrier type
C. Product characteristics
D. Mileage
A company wants to construct a new central distribution center (DC) to supply products to two regions. The coordinates of region A are (200, 50) and the coordinates of region B are (100, 150). The product demand from region A is 75 units, while that of region B is 70 units. Using the center-of-gravity method, which of the following coordinates correspond to an optimal location for the new DC?
A. (50, 200)
B. (100, 150)
C. (150, 100)
D. (200, 150)
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