An organization wanting to improve the management of resources and exceptions across the supply chain should focus on enhancing:

simultaneous consideration of resources.

Which of the following outcomes is a potential advantage of operating an efficient reverse logistics process?

Provides competitive differentiation

Enables visibility throughout the supply chain

Improves the product life cycle

Which of the following statements best describes the primary objective of most warehouses?

Accurately reflect the company’s working capital status

Provide additional storage to excess inventory and avoid its disposal

Ensure that inventory levels are in accordance with the company’s financial target

Accurately reflect the company’s working capital status

Facilitate the movement of goods through the supply chain to the end consumer

If a firm is concerned with high duty rates, on which of the following criteria should it focus?

Type of goods imported and their value B.Type of goods imported and their cost

Type of goods exported and their value

Type of goods exported and their cost

While designing a logistics network, which of the following actions does a manager need to complete in order to identify the key logistics goals and perform benchmark analysis?

Complete a facility location study

A company that distributes spare parts for the automobile industry must consider duty rates when deciding where to sell its products. Duty rates are heavily influenced by:

the invoice value of imported goods.

the country of destination to which goods are exported.

the country of origin from which goods are imported.

the invoice value of imported goods.

the invoice value of exported goods.

What may be the cause if the value of inventory is greater than the value of the net working capital?

Cost of goods sold (COGS) is too high.

Which of the following strategies would a logistics manager most likely choose in order to reduce transportation cost?

Engaging in a third-party logistics (3PL) partnership

What facility location method has the advantage of analyzing both quantitative data and hard-to-evaluate criteria?

Location and break-even analysis

A company currently has a significantly long lead time in determining the disposition of returned products. Which of the following non-procedural areas should the company look into as it performs a root cause analysis?

Financial department to see if the sales personnel are reluctant to charge the returns to sales

Quality department to see if the process for determining disposition is inefficient

Customer service department to see if they are taking a long time to address customer concernsD. Material handling department to see if it is taking excessive time to handle defective product

A company wants to minimize tariff costs while avoiding the need to file for duty drawback. Which of the following practices would best achieve this objective?

Ship by free on board (FOB) terms

Adopt Customs Trade Partnership Against Terrorism (C-TPAT) rules

Use foreign/free trade zones (FTZs)

Use an international third-party logistics (3PL) provider

Ship by free on board (FOB) terms

Which of the following parties play an integral role during the transportation process?

general public, carriers, warehouses, and shippers

Carriers, shippers, consignees, and financial institutions

Carriers, consignees, freight brokers, and financial institutions

general public, carriers, warehouses, and shippers

Government, general public, shippers, and consignees

When defining the business requirements of a new distribution center, one of the first requirements to be considered is the:

calculation of the planned staffing levels.

type of construction material needed.

customer service levels to be met.

calculation of the planned staffing levels.

development of the material handling equipment lists.

In an effort to increase their customer service levels and reduce order cycle time, a company is considering adding two additional warehouses to their overall operations.As a result, which of the following statements best reflects the cost impact of the additional warehouses?

Lower inventory costs and higher facility costs

Higher inventory costs and lower facility costs

Higher inventory costs and higher inbound transportation costs

Lower inventory costs and lower inbound transportation costs

An international organization has a pricing strategy that allows it to sell its product at different prices depending on the country where the product is sold.Which of the following unintended consequences is a result of this strategy?

Counterfeit products in the supply chain

Gray market products in the supply chain

Hostile takeover by a conglomerate

Decrease in profits due to variable revenues

In warehouse operations, picking process occurs when:

when a customer order needs to be replaced by a new product die to engineering changes.

customer orders for product are ready to be shipped or to replenish a forward case or unit pick area.

immediately after a product is stored in a designated location in order to be shipped to the customer.

a Kanban signal arrives to replenish material in the workshop.

when a customer order needs to be replaced by a new product die to engineering changes.

APICS CLTD Practice Test 3 - Free Online Exam Questions 81-120

Which of the following rules specifies whether the importer is responsible for insuring cargo?

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