Cross-Border Logistics and Supply Chain Management Exam Questions and Answers
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Course
Supply chain management
Institution
Supply Chain Management
ABC analysis - AnswersAn inventory management system that separates out the most important inventory items so that more attention can be focused on those items
Activity‐based costing (ABC) - AnswersWhere organizations examine in detail the activities they carry out in the production and delivery...
Cross-Border Logistics and Supply Chain Management Exam Questions and
Answers.
ABC analysis - AnswersAn inventory management system that separates out the most
important inventory items so that more attention can be focused on those items
Activity‐based costing (ABC) - AnswersWhere organizations examine in detail the
activities they carry out in the production and delivery of a product, and subsequently
identify a number of activities (for example number of orders processed, number of
quality inspections or machine setups, and number of deliveries) which may be used to
apply overhead to products more appropriately
Agile - AnswersAbility to cope with volatility in demand
Automatic identification and data capture (AIDC) - AnswersTechnologies that
automatically identify assets and freight, capturing specific data to enable trace-ability
and security amongst other benefits
Balanced scorecard (BSC) - AnswersA tool which seeks to include other factors, and
not just financial factors, in measuring organization performance
Bullwhip effect - AnswersThe distortion of orders along the supply chain, where small
fluctuations in end customer demand result in amplification of demand upstream
Business continuity plan (BCP) - AnswersA documented collection of procedures and
information that is developed, compiled and maintained in readiness for use in an
incident to enable an organisation to continue to deliver its critical products and services
Collaborative planning, forecasting and replenishment (CPFR) - Answersa supply chain
wide concept that seeks to ensure improvements in efficiency and integration through
collaboration among supply chain partners and cooperative management of inventory,
with a particular focus on information sharing and visibility.
Container Security Initiative (CSI) - AnswersThe use of IT to pre‐screen high‐risk
containers prior to their arrival at the destination port
Corporate social responsibility (CSR) - AnswersA term used to refer to a multitude of
activities and issues, and in essence concerns how 'ethical' a company's activities are
Cross‐docking - AnswersTransfer of inventory between two vehicles without the
inventory going into storage
Customs‐Trade Partnership Partnership Against Terrorism (C‐TPAT) - AnswersA
voluntary government‐business initiative to build cooperative relationships that
strengthen and improve overall international supply chain and US border security
Decoupling point - AnswersThe point in the production process at which the base
product is customized to become the end product
Dependent demand - AnswersProducts with dependent demand are those whose
ordering is dependent upon the demand for other related products.
Design for manufacture (DFM) - AnswersDesigning products that can be assembled or
manufactured cheaply and efficiently
Economic order quantity (EOQ) - AnswersThat order quantity which seeks to balance
two important sets of costs associated with inventory: the costs associated with ordering
and receiving freight, and the costs associated with actually holding the freight
Electronic data interchange (EDI) - AnswersInter-company, computer‐to‐computer
transmission of business data in a standard format
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