USPS Quiz 477.pdf file:///C:/Users/HP/Desktop/New%20folder%20(3)/USPS%20Quiz%2
USPS QUIZ 477 QUESTIONS AND ANSWERS
1. what is scm: processes necessary to manage materials from their point of origin
through manufacturing and shipping to the final customer. consists of 3 channels
forecasting+sourcing+manu+dist+c satis=scm
2. what are the 3 channels of scm: transaction: $ and legal
(how they will receive pymt and/or goods, choice of countries)
dist: delivery of goods
(suppliers further away means incr. cycle times, decr. predictability -> safety stock,
diversify suppliers, more long-term planning)
documentation and communication: info focused on timing
(different commercial infrastructure availabilities, choice of countries)
3. processes in scm: materials mgmt, physical diet, strategic planning, channel
mgmt, coordination with 3PL/suppliers/retailers, implementation of IT
4. where did logistics begin: military
5. two types of trade: merchandise (manu and agri prod) [4X as big]
1 of 29 12/10/2024, 8:24
,USPS Quiz 477.pdf file:///C:/Users/HP/Desktop/New%20folder%20(3)/USPS%20Quiz%2
service (tourism, fin, transp, insurance, IT) - invisible
6. who is the #1 merchandise trader: US
7. 18th century: absolute advantage - country is able to produce more efficiently
than others - adam smith
8. 19th century: comparative advantage - country can produce with a lower oppor-
tunity cost than others - david ricardo
9. 20th century: postwar: factor endowment(land, labor, capital, entrepreneurship)
- hecksher and ohlin
growth pd: international product life cycle
10. 21st century: cluster (a strategic view) and focus on customer service is now
paramount
11. drivers of globalization: market force (high to low in costs and prices when
gains outweigh losses, competition in cust satisfaction can lead to economies of
scale/scope and first mover advantage)
tech changes (www, moors law, IT, containers, biz models [ie frnachises])
role of global institutions to facilitate (IMF, WTO, World Bank, ICC)
competitive environment
2 of 29 12/10/2024, 8:24
,USPS Quiz 477.pdf file:///C:/Users/HP/Desktop/New%20folder%20(3)/USPS%20Quiz%2
building capabilities (functional strategy)
12. liberalization and standardization: Bretton Woods: IMF, World Bank,
GATT>WTO
Treaty of Rome: EU
NAFTA
UN Special Agencies (IMO) and Conventions (CISG- sale of goods)
anti-bribery, accounting standards, ICC
13. reverse logistics: goods return to manufacturer in order to be remanufactured,
refurbished, repaired, reused, recycled, rebuilt, recovered, resold
warranties, environmental concern, good corp citizenship, optimization/utilization of
materials
reverse logistics, combined with source-reduction processes, can be used to gain
competitive advantage through value creation
14. time and place utility: right product in right amount in right place at right time
15. 8 strategic and operational factors that also affect globalization: 1. exploit
3 of 29 12/10/2024, 8:24
USPS QUIZ 477 QUESTIONS AND ANSWERS
1. what is scm: processes necessary to manage materials from their point of origin
through manufacturing and shipping to the final customer. consists of 3 channels
forecasting+sourcing+manu+dist+c satis=scm
2. what are the 3 channels of scm: transaction: $ and legal
(how they will receive pymt and/or goods, choice of countries)
dist: delivery of goods
(suppliers further away means incr. cycle times, decr. predictability -> safety stock,
diversify suppliers, more long-term planning)
documentation and communication: info focused on timing
(different commercial infrastructure availabilities, choice of countries)
3. processes in scm: materials mgmt, physical diet, strategic planning, channel
mgmt, coordination with 3PL/suppliers/retailers, implementation of IT
4. where did logistics begin: military
5. two types of trade: merchandise (manu and agri prod) [4X as big]
1 of 29 12/10/2024, 8:24
,USPS Quiz 477.pdf file:///C:/Users/HP/Desktop/New%20folder%20(3)/USPS%20Quiz%2
service (tourism, fin, transp, insurance, IT) - invisible
6. who is the #1 merchandise trader: US
7. 18th century: absolute advantage - country is able to produce more efficiently
than others - adam smith
8. 19th century: comparative advantage - country can produce with a lower oppor-
tunity cost than others - david ricardo
9. 20th century: postwar: factor endowment(land, labor, capital, entrepreneurship)
- hecksher and ohlin
growth pd: international product life cycle
10. 21st century: cluster (a strategic view) and focus on customer service is now
paramount
11. drivers of globalization: market force (high to low in costs and prices when
gains outweigh losses, competition in cust satisfaction can lead to economies of
scale/scope and first mover advantage)
tech changes (www, moors law, IT, containers, biz models [ie frnachises])
role of global institutions to facilitate (IMF, WTO, World Bank, ICC)
competitive environment
2 of 29 12/10/2024, 8:24
,USPS Quiz 477.pdf file:///C:/Users/HP/Desktop/New%20folder%20(3)/USPS%20Quiz%2
building capabilities (functional strategy)
12. liberalization and standardization: Bretton Woods: IMF, World Bank,
GATT>WTO
Treaty of Rome: EU
NAFTA
UN Special Agencies (IMO) and Conventions (CISG- sale of goods)
anti-bribery, accounting standards, ICC
13. reverse logistics: goods return to manufacturer in order to be remanufactured,
refurbished, repaired, reused, recycled, rebuilt, recovered, resold
warranties, environmental concern, good corp citizenship, optimization/utilization of
materials
reverse logistics, combined with source-reduction processes, can be used to gain
competitive advantage through value creation
14. time and place utility: right product in right amount in right place at right time
15. 8 strategic and operational factors that also affect globalization: 1. exploit
3 of 29 12/10/2024, 8:24
