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CIPS
CIPS Level 6 Professional Diploma in Procurement and Supply
L6M10
Global Logistics Strategy Questions and Answers

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Viewing questions 11-20 out of questions

Questions # 11:

Why did corporations like General Motors and DuPont shift to relatively decentralized organizational structures?

Options:

To reduce the importance of technology

To increase economies of scale

To improve adaptability to local conditions

To enhance global competition

Answer

Explanation

Corporationsstructured business units around products and geographic marketsto enhance flexibility and local adaptability. [P-102]

Questions # 12:

What is the key enabler for global sourcing, global production, global distribution, transportation, and delivery in logistics and supply chain management?

Options:

Geographical location

Repetitive transactions

Information and Communications Technology (ICT)

Organizational affiliations

Answer

Explanation

ICT (Information and Communications Technology)is essential for enabling seamless global logistics and supply chain operations. [P-105]

Questions # 13:

What are common methods of payment used in international trade? (Select ALL that apply)

Options:

Telegraphic transfer

Mail transfer

Banker's draft

Debit card payment

Documentary letter of credit (LC/LOC)

Answer

A, B, C, E

Explanation

Common payment methods in international trade includetelegraphic transfer, mail transfer, banker's draft, and documentary letter of credit (LC/LOC). These methods facilitate secure and efficient cross-border transactions. Debit card payments are more commonly used for domestic transactions. [P-135]

Questions # 14:

What is the practice of following precedence in national legal systems called in Common Law?

Options:

Jurisprudence constant

Rule of law

Judicial creativity

Stare decisis

Answer

Explanation

InCommon Law, the principle of following legal precedence is known asstare decisis. [P-119]

Questions # 15:

Why is import/export documentation more complex in international transactions compared to domestic ones?

Options:

Domestic transactions involve more individuals and institutions.

International transactions have fewer disputes.

International transactions have fewer import/export policies.

The nature of multi-modal transport requirements adds complexity.

Answer

Explanation

Theuse of multi-modal transportin international trade requires extensive documentation to ensure compliance and smooth logistics. [P-111]

Questions # 16:

Mark is leading the implementation of a reverse logistics strategy in his organization. He's noticed that the company is only focusing on implementing it due to legal requirements rather than recognizing its business value. What is driving the implementation of reverse logistics in Mark's organization?

Options:

Top management's strong support

Identification of significant business value

Pressure from customers to adopt reverse logistics

Mandatory government legislation rather than identified business value

Answer

Explanation

The scenario highlights that the implementation of reverse logistics may be driven bymandatory government legislationrather than a recognized business value in the organization. [P-182]

Questions # 17:

What is crucial for inter-organizational reverse logistics practices?

Options:

Outsourcing logistics.

Independent supply chain members.

Trust and collaboration between partners.

Frequent partner changes.

Answer

Explanation

Collaboration and trust among stakeholders ensure effective reverse logistics. [P-174]

Questions # 18:

What explains the growing influence of reverse logistics?

Options:

Complexity of forward logistics.

Need to reduce operational costs.

Rise in returns and economic/environmental factors.

Stricter transportation regulations.

Answer

Explanation

Increased returns and factors like legislation drive reverse logistics adoption. [P-149]

Questions # 19:

What role do Third-Party Logistics (3PLs) play in the context of reverse logistics and supply chains?

Options:

Providing raw materials for production

Acting as intermediaries in the reverse supply chain

Organizing customer service operations

Facilitating government regulations

Answer

Explanation

3PLs act as intermediariesin reverse supply chains, orchestrating network governance and facilitating supply chain management (SCM) best practices for client organizations. [P-186]

Questions # 20:

What are some important design considerations for a reverse logistics system focused on product recovery networks?

Quantity

Branding

Timing

Marketing