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NEW QUESTION # 40
What is the key enabler for global sourcing, global production, global distribution, transportation, and delivery in logistics and supply chain management?
Answer: B
Explanation:
ICT (Information and Communications Technology) is essential for enabling seamless global logistics and supply chain operations. [P-105]
NEW QUESTION # 41
What does the consideration of "health and safety for the movement of hazardous material" and "security where a product is of high value and low weight" fall under in the selection of a suitable mode of transport?
Answer: A
NEW QUESTION # 42
Which law influences XYZ Manufacturing's reverse logistics?
Answer: D
Explanation:
The Clean Air Act regulates emissions, impacting environmental logistics practices. [P-176]
NEW QUESTION # 43
The following five companies are dealing with the challenge of managing a product portfolio, catering to diverse customer segments across international territories. Each company manager is tasked with prioritizing specific focus areas and allocating resources to overcome challenges.
Company A: A grocery store chain frequently offers special promotions and discounts, significantly affecting ordering patterns. These volatile prices make it challenging to maintain a consistent revenue stream.
Company B: A growing e-commerce business experiencing increased shipping costs due to the rapid expansion of product offerings and customer base. To maintain profitability, they need to reduce costs.
Company C: A custom-made furniture manufacturer facing order processing delays, leading to longer lead times and increased customer complaints.
Company D: A manufacturer of high-demand electronic gadgets experiencing demand exceeding supply, requiring order rationing. Customers are frustrated due to errors in the rationing system and have attempted to game the system.
Company E: A global electronics manufacturer struggling to manage its complex supply chain across multiple regions. The company needs to leverage technology to improve efficiency and reduce operational costs.
Q: For Company B, what recommended action should the company manager take?
Answer Options:
Answer: A
Explanation:
To reduce costs, Company B should focus on leveraging economies of scale to achieve cost savings in logistics and operations. [P 166-169]
NEW QUESTION # 44
What does the consideration of "health and safety for the movement of hazardous material" and "security where a product is of high value and low weight" fall under in the selection of a suitable mode of transport?
Answer: A
Explanation:
Consignment factors include considerations such as safety, security, and handling requirements for different types of goods. [P-25]
NEW QUESTION # 45
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