CIPS L4M8 LO3 Exam Questions with Correct Answers 100% Pass

CIPS L4M8 LO3 Exam Questions with Correct Answers 100% Pass what are breakers? - Answer a company that buys decommissioned machinery and strips it of useful parts to then sell on what are costs associated with the logistics process? - Answer - delays - loss of freight - poor/incorrect communication - confiscation at customs - incorrect export/import paperwork - transport breakdown - force majeure what are Hofstede's cultural dimensions? - Answer - individualistic/collectivistic - masculine/feminine - uncertainty avoidance - power distance - time perspective - indulgence/restraint what are logistics? - Answer the movement of goods from one place to another what are some hidden costs linked to global sourcing? - Answer - internal overheads - transition/mobilisation - language barriers - time differences - post contract reviews - culture differences - ethical behaviour - reputation - supplier financial position