SCMN 2150 FINAL EXAM WITH ALL QUESTIONS AND
ACCURATE ANSWERS (A+) NEWEST
Which international channel is concerned with the documentation required to support
governmental compliance, visibility, and control of merchandise moving worldwide.
A.) Communication channel
B.) Transaction channel
C.) Distribution channel
D.) Omni-channel
A.) Communication channel
According to a Stanford University study, cross border trade processes can have up to
106 steps. What issue does this create?
A.) Greater in-transit visibility
B.) Less expensive inventory carrying costs
C.) Higher order fill rates
D.) Opportunities for freight delays
D.) Opportunities for freight delays
What is the very first thing to do in effective global sourcing?
A.) understand the supply base and investigate the capabilities of individual suppliers
,B.) Negotiate price, volume, and delivery schedules
C.) Articulate your needs and maintain open lines of communication
D.) Analyze your spend category and user requirements.
D.) Analyze your spend category and user requirements.
If a retailer sources merchandise to resell under their own name, what type of
merchandise are they offering?
A.) Private label goods
B.) Generic goods
C.) Branded goods
D.) Outsourced goods
A.) Private label goods
What type of risk does an inability to have real time control over an ever more complex
network of suppliers and carriers create?
A.) Visibility risks
B.) Inventory carrying cost risks
C.) In-transit damage risks
D.) Intellectual property protection risks
A.) Visibility risks
With which of the following does the key to success for the global manufacturer lie in
his/ her ability to generate, when competing with domestic companies?
,A.) Competitive landed costs
B.) Low labor costs
C.) Superior technology
D.) Low cost logistics services
A.) Competitive landed costs
Production of goods by one firm, under the label or brand of another firm is known as:
A.) Global sourcing
B.) Contract manufacturing
C.) Exporting
D.) Domestic production
B.) Contract manufacturing
When Volvo and DongFeng Motor Group jointly manufacture medium and heavy duty
trucks for the Chinese market and neighboring countries, what form of global
manufacturing strategy are they following?
A.) Exclusive manufacturing
B.) Licensing
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.
B.) FAS - free alongside ship
ACCURATE ANSWERS (A+) NEWEST
Which international channel is concerned with the documentation required to support
governmental compliance, visibility, and control of merchandise moving worldwide.
A.) Communication channel
B.) Transaction channel
C.) Distribution channel
D.) Omni-channel
A.) Communication channel
According to a Stanford University study, cross border trade processes can have up to
106 steps. What issue does this create?
A.) Greater in-transit visibility
B.) Less expensive inventory carrying costs
C.) Higher order fill rates
D.) Opportunities for freight delays
D.) Opportunities for freight delays
What is the very first thing to do in effective global sourcing?
A.) understand the supply base and investigate the capabilities of individual suppliers
,B.) Negotiate price, volume, and delivery schedules
C.) Articulate your needs and maintain open lines of communication
D.) Analyze your spend category and user requirements.
D.) Analyze your spend category and user requirements.
If a retailer sources merchandise to resell under their own name, what type of
merchandise are they offering?
A.) Private label goods
B.) Generic goods
C.) Branded goods
D.) Outsourced goods
A.) Private label goods
What type of risk does an inability to have real time control over an ever more complex
network of suppliers and carriers create?
A.) Visibility risks
B.) Inventory carrying cost risks
C.) In-transit damage risks
D.) Intellectual property protection risks
A.) Visibility risks
With which of the following does the key to success for the global manufacturer lie in
his/ her ability to generate, when competing with domestic companies?
,A.) Competitive landed costs
B.) Low labor costs
C.) Superior technology
D.) Low cost logistics services
A.) Competitive landed costs
Production of goods by one firm, under the label or brand of another firm is known as:
A.) Global sourcing
B.) Contract manufacturing
C.) Exporting
D.) Domestic production
B.) Contract manufacturing
When Volvo and DongFeng Motor Group jointly manufacture medium and heavy duty
trucks for the Chinese market and neighboring countries, what form of global
manufacturing strategy are they following?
A.) Exclusive manufacturing
B.) Licensing
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.
B.) FAS - free alongside ship
