Supply Chain
''C-TPAT refers to:''
- the costs incurred to ship goods from origin to destination
- the use of satellite systems to maintain contact with transport vehicles
- a voluntary program to increase supply chain security
- the next generation of bar coding
Solution: a voluntary program to increase supply chain security
Logistics
''Cross-docking refers to:''
- shipping directly from manufacturer to retailers
- holding inventory received from suppliers in warehouses until needed
- continuous shipment from suppliers to warehouses where goods are redirected and shipped to retailers
- storage of full trailers in locked lots
Solution: continuous shipment from suppliers to warehouses where goods are redirected and shipped to retailers
Supply Chain
''What is one attribute that supply chain management professionals must possess?''
- a big picture view of the supply chain in order to see all processes as linked
- expertise in all aspects of operations management
- financial management skills
- ability to adjust to the various goals of each entity the supply chain
Solution: a big picture view of the supply chain in order to see all processes as linked
Supply Chain
''Which type of supply chain design is defined by early supplier involvement?''
- concurrent engineering
- over-the-wall design
- design-to-scale
- make-to-order
Solution: concurrent engineering
Production
''Which of the following provides a complete list of components required for manufacture of a product?''
- sales forecast
- S&OP
- bill of materials
- MRP
Solution: bill of materials
Logistics
''Which of the following descriptions accurately reflects the typical services of a freight forwarder? ''
- negotiate the purchase contract, provide transport, and make payment for goods
- arrange shipment, manage customs clearance, and make payment for goods
- arrange transportation of goods, manage documentation, and arrange customs clearance
- negotiate import duty payments, arrange agent's commission, and deliver products
Solution: arrange transportation of goods, manage documentation, and arrange customs clearance
Supply Chain
''What is one of the most important requirements for a metric to be a KPI?''
- it should be applicable to the processes across the entire supply chain
- it should be written in financial terms
- it needs to include inventory levels in the distribution centers
- it should only measure performance within the last 12 months
Solution: it should be applicable to the processes across the entire supply chain
Logistics
''The price of labor and fuel incurred for each trip independent of the quantity transported is included in:''
- vehicle-related cost
- fixed operating cost
- trip-related cost
- quantity-related cost
Solution: trip-related cost