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SCMN 2150 FINAL EXAM LATEST UPDATE THIS YEAR ALL 350 QUESTIONS AND CORRECT ANSWERS
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SCMN 2150 FINAL EXAM LATEST UPDATE THIS YEAR ALL 350 QUESTIONS AND CORRECT ANSWERS
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Page 1 of 57SCMN 2150 FINAL EXAM LATEST UPDATE THIS
YEAR ALL 350 QUESTIONS AND CORRECT
ANSWERS
Which global channel focuses on the documentation needed for government
compliance, visibility, and control of goods moving globally.
A.) Communication channel
B.) Transaction channel
C.) Distribution channel
D.) Omni-channel
A.) Communication channel
According to a study by Stanford University, cross border trade processes can
involve up to 106 steps. What problem does this cause?
A.) Greater in-transit visibility
B.) Lower inventory carrying costs
C.) Higher order fill rates
D.) Opportunities for freight delays
D.) Opportunities for freight delays
What is the first step in effective global sourcing?
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A.) develop an understanding of the supply base and investigate the capabilities
of individual suppliers
B.) Negotiate pricing, volume, and delivery schedules
C.) Articulate your needs and maintain open lines of communication
D.) Evaluate your spend category and user requirements.
D.) Evaluate your spend category and user requirements.
When a retailer sources goods to sell under its own name, what type of goods
are they offering?
A.) Private label goods
B.) Generic goods
C.) Branded goods
D.) Outsourced goods
A.) Private label goods
What type of risk is created by the inability to maintain real-time control over a
complex network of suppliers and carriers?
A.) Visibility risks
B.) Inventory carrying cost risks
C.) In-transit damage risks
D.) Intellectual property protection risks
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A.) Visibility risks
What is the key to success for global manufacturers when competing with
domestic companies?
A.) Competitive landed costs
B.) Low labor costs
C.) Superior technology
D.) Cheap logistics services
A.) Competitive landed costs
Production of goods by one firm, under the label or brand of another firm is
called:
A.) Global sourcing
B.) Contract manufacturing
C.) Exporting
D.) Domestic production
B.) Contract manufacturing
When Volvo and DongFeng Motor Group collaborate to build medium and heavy
duty trucks for the Chinese market and nearby countries, what type of global
manufacturing strategy are they pursuing?
A.) Exclusive manufacturing
B.) Licensing
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C.) Joint venture
D.) Direct investment
C.) Joint venture
Which of the following is expected to be a growing global manufacturing trend
in the near future?
A.) Decreased use of automation
B.) Avoidance of business-to-business exchanges
C.) Increased reliance on internal resources
D.) Increased focus on green manufacturing
D.) Increased focus on green manufacturing
In this week's reading, best in class procurement organizations will need to
become more comfortable with:
A.) Lower skilled workforces
B.) Volatile oil prices
C.) Data mining and analysis
D.) Process suboptimization
C.) Data mining and analysis
This INCOTERM maximizes the effort, risk, and costs for the buyer (i.e., the
importer)?
A.) CPT - carriage paid to...
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