SCMN 2150 Exam 3 Latest Version Graded A+

SCMN 2150 Exam 3 Latest Version Graded A+ This software facilitates improved performance of day-to-day operating tasks from the time a purchase order for materials is placed until the delivery of a customer order is made. supply chain execution A properly developed supply chain wide technology strategy supports multiple levels of decision making and creates a clear view of the flow of products, information, and services across the supply chain True Data that is ____ must come be unaltered and from credible sources, and ___ data must be readable by multiple systems Reliable; Transferable What type of software tool helps SC managers understand why events occurred, their likelihood of reoccurrence, and the impact of supply chain changes through advanced quantitative analysis, data mining, and predictive modeling? Business analytics tools __________________ entails identifying, evaluating, negotiating and configuring supply across multiple geographies to reduce costs, maximize performance and mitigate risk. Global sourcing How many distinct movs are involved in most global supply chain transactions? At least three How does globalization impact supply chain operations? Transportation is more difficult and costly Which global supply chain channel focuses on ownership transfer, freight control, and payment responsibility? Transaction channel According to the module reading on the Logistics2030 study, the global organizational priority for sourcing by 2030 will be to: optimize supply cost According to the module reading, Technology enablement is not capable of helping organizations properly allocate critical products and supplies during a pandemic False, it can. When a company chooses not to purchase insurance for goods in transit, what are they practicing? Risk Retention When an Incoterm includes the letter "I" what does it stand for? Insurance Which international trade document is a bill for the goods from the seller to the buyer? It is also used by the Customs agencies to control commodities and determine duty valuations? Commercial Invoice Which Incoterms group is best described by the following responsibilities: The seller is responsible for delivering the goods to a named point by the buyer who then takes responsibility for contracting main carriage and all other responsibilities. "F" terms Which Incoterms group is best described by the following responsibilities: The seller selects the carrier and pays for main carriage. While the seller does not assume the risk of loss or damage to goods of the vessel, terms sometimes require that he purchase freight insurance. "C" terms Terms of trade (such as Incoterms) do what? Clarify the seller's and buyer's respective responsibilities and risk for transportation of goods. What group is ultimately responsible for establishing smart borders that increase security while facilitating the movement of legitimate trade? Customs and Border Patrol Which Incoterms group is best described by the following responsibilities: The buyer controls virtually the entire transaction and takes on nearly all risk. The seller minimizes his risk by making goods available at the point of origin. "E" terms The module reading indicates that when preparing to export goods, you must plan for unexpected costs or shortages in countries with poor transportation technology infrastructure. True ______________ help buyers and sellers to easily understand the logistics cost, risks, and obligations for each party. Incoterms What type of facility is used to delay payment of duties and store goods for up to five years under the joint custody of the importer or his agent, and Customs? Bonded Warehouse After an import shipment has been successfully reviewed by Customs and correct payments have been made for the duties, _______ occurs and the goods