charter - correct answer ✔defines the scope of work, and objectives and end
results of a project
Network Design Process steps (8) - correct answer ✔Create project team
Identify drivers of change
Audit as-is network
Assess network alternatives
Plan facilities
Finalize to-be state
Develop and implement plan
Disband project team
6 Steps in as-is audit - correct answer ✔1. Gather Data
2. Map current system
3. Describe network's key activities
4. Measure against benchmarks
5. List current gaps to strategy
6. Generate plans to close those gaps
, Foreign Sales Corporation - correct answer ✔a US-devised means of
securing tax reductions for US exporters, using a subsidiary the org
establishes in a pre-approved location (e.g. USVI, Jamaica)
licensing - correct answer ✔paying a fee for permission to manufacture and
sell a product created by another
E.g. franchising and management contracts
Export Trading Companies (ETC) - correct answer ✔buys the goods from
the org and sells at a profit
Export Management Companies (EMC) - correct answer ✔export specialists
that act as the export marketing department or international department for
client firms
most likely used for startups with little int'l trade experience
Threshold service level - correct answer ✔the cheapest possible way of
serving all customers considering the costs of transportation and warehousing
together at a given level of safety stock and delivery timing/frequency
Steps in forming a Network Design strategy - correct answer ✔1. Identify
customer segments
2. Calculate threshold service level and determine network capabilities
3. Use sensitive analysis to adjust factors
4. Present alternatives and finalize strategy
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