A company decides to revise its warehouse layout, requiring it to temporarily relocate a significant amount of material. Which of the following categories of inventory carrying costs can the company expect to increase in the short term?
A. Service
B. Risk
C. Transportation
D. Storage
Collaborative planning, forecasting, and replenishment (CPFR) is based upon which type of collaboration?
A. Horizontal
B. Full
C. Vertical
D. Industry
Which of the following types of contract of carriage should a company establish with a main carrier if it is forecasting to utilize most, if not all, of the carrier's capacity?
A. Ocean bill of lading (B/L)
B. Master bill of lading (B/L)
C. Manifest
D. Charter parties
Which of the following terms stipulates that individual shipments should be as large as the carrier can legally transport with the equipment being used?
A. Bilateral agreement
B. Cabotage agreement
C. Quantity principle
D. Freight consolidation
Which of the following factors represents the most critical attributes that must be considered when choosing between private and third-party logistics (3PL) provider warehousing for commodities?
A. Competency of in-house staff
B. Type of product being handled
C. Warehouse location(s)
D. Volume of product being moved
Which of the following statements is a cause of inaccurate forecasting?
A. Poor management involvement
B. Promotional marketing
C. Capacity increase due to new investment
D. Strong operations in comparison to poor marketing strategy
Which of the following groups of factors are key for selecting the optimal mode of transportation?
A. Accessibility, capacity, and transit time
B. Accessibility, reliability, and durability
C. Capacity, reliability, and innovation
D. Capacity, reliability, and technology
A company does not want to use its cash flow to entirely cover the risk of loss. Which of the following risk management strategies should you choose?
A. Retention
B. Mixed
C. Transfer
D. Avoidance
Which of the following dimensions compose the full scope of supply chain sustainability?
A. Modes, network, finance, and materials
B. Efficiency, eco-friendly, economic, and education
C. Energy, risk, social responsibility, and waste management
D. Economic, environment, education, and ethics
A centralized distribution network would be most appropriate for a firm whose products are:
A. small, inexpensive, and distributed throughout the world.
B. heavy, inexpensive, and with a short-required delivery time.
C. large, expensive, and with a high level of demand.
D. large and with a long-required delivery time.
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