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Questions # 11:

A planning process specifically designed to balance demand and supply within an organization and arrive at a consensus forecast is known as:

Options:

A.

advanced planning and scheduling (APS).

B.

collaborative planning, forecasting, and replenishment (CPFR).

C.

sales and operations planning (S&OP).

D.

distribution requirements planning (DRP).

Questions # 12:

A company desires to improve its cash flow situation by postponing its customs duties payment until the last possible point in the supply chain. The company should consider using which type of warehouse?

Options:

A.

Bonded

B.

Contract

C.

Third-party

D.

Government

Questions # 13:

Major retailers place pressure on a manufacturer of liquid laundry products made with water to reduce the amount of water content by half. While the result will bring savings in almost every area, where should the manufacturer focus this green initiative improvement effort?

Options:

A.

Material handling

B.

Packaging

C.

Transportation mode selection

D.

Product design

Questions # 14:

A supply chain manager would like to guard against potential shortage in their company's manufacturing capacity. Which of the following areas of supply chain risk should the manager pay most attention to?

Options:

A.

Technical

B.

Demand

C.

Process

D.

Financial

Questions # 15:

A company is sending a shipment to its customer in Italy It elects to pay the freight and be responsible for any liability and damage claims. Which of the following free on board (FOB) terms is the company using?

Options:

A.

FOB destination, freight collect

B.

FOB destination, freight prepaid

C.

FOB origin, freight prepaid

D.

FOB origin, freight collect

Questions # 16:

The international commercial document that serves as a quote to obtain a letter of credit or an import license is called a(n):

Options:

A.

commercial invoice.

B.

pro forma invoice.

C.

export license.

D.

consular invoice.

Questions # 17:

Net advantages gained by the sharing of common locations by similar enterprises is based on which of the following terms?

Options:

A.

Agglomeration

B.

Lowest cost

C.

Differentiation

D.

Free market

Questions # 18:

A company finds itself constantly expediting its customer's retail store deliveries in order to prevent stock-outs. The best solution to this problem is to;

Options:

A.

carry additional inventory to satisfy customers' demand.

B.

balance the supply of inventory with the demand.

C.

minimize the inventory risk of product obsolescence.

D.

increase inventory turns to the highest possible value.

Questions # 19:

According to the SCOR model, the five major categories of metrics that should be used to measure the performance of Process D1: Deliver Stocked Product include assets, costs, flexibility:

Options:

A.

reliability, and responsiveness.

B.

capability, and responsiveness.

C.

reliability, and capability.

D.

reliability, and availability.

Questions # 20:

Which of the following costs are the most intangible and subjective of all the carrying cost elements'?

Options:

A.

Risk cost

B.

Storage cost

C.

Service cost

D.

Capital cost

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