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A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
The purpose of price differentiation is to:
In a make-or-buy decision, if the product is modular and the company is dependent on knowledge and capacity, outsourcing most likely will be:
A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:
For an item with high profit impact and low supply risk, what would be a likely procurement strategy to support the overall supply strategy?
Supply chains delivering products or services are most able to respond quickly to changing market requirements when:
Throughout most of the supply chain, safety stock will be de-emphasized as a result of improved:
The primary risk associated with outsourcing innovative components to suppliers is:
The practice of supply chain members acting in close collaboration while retaining independent ownership is known as:
A company considers moving a portion of its production to a distant country to support a major customer. Which of the following actions is most effective in mitigating the risk of financial loss in the event of a global economic downturn?

Question 227 - CSCP discussion

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Export

A company exports products to emerging markets. Which of the following approaches would be used to enhance compliance, minimize risks, and connect supply chain activities?

A.
Logistics network planning
Answers
A.
Logistics network planning
B.
Distribution requirements planning
Answers
B.
Distribution requirements planning
C.
Supply chain event management
Answers
C.
Supply chain event management
D.
Global trade management
Answers
D.
Global trade management
Suggested answer: D

Explanation:

Global trade management (GTM) is essential for companies exporting products to emerging markets as it enhances compliance, minimizes risks, and connects supply chain activities. GTM involves the use of technology and strategies to manage and optimize international trade processes, including compliance with various regulatory requirements, tariff management, and efficient cross-border logistics. This approach ensures that the company adheres to international trade laws and regulations, reduces the risk of penalties, and streamlines global supply chain operations. Logistics network planning, distribution requirements planning, and supply chain event management are useful, but GTM specifically addresses the complexities of international trade compliance and integration.

Coyle, J. J., Langley, C. J., Novack, R. A., & Gibson, B. J. (2016). Supply Chain Management: A Logistics Perspective. Cengage Learning.

Manuj, I., & Mentzer, J. T. (2008). Global Supply Chain Risk Management. Journal of Business Logistics.

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asked 16/09/2024
Yosra Chabchoub
38 questions
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