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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:
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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:
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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:
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Question 242 - CSCP discussion

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Which of the following statements regarding transportation negotiation is correct?

A.
The lowest possible cost for transportation is the lowest total cost of logistics.
Answers
A.
The lowest possible cost for transportation is the lowest total cost of logistics.
B.
The lowest possible rate must be consistent with the level of service required.
Answers
B.
The lowest possible rate must be consistent with the level of service required.
C.
The key to effective negotiation is to maximize distributor profitability.
Answers
C.
The key to effective negotiation is to maximize distributor profitability.
D.
The key to building solid career relationships is the acceptance of a carrier's rate.
Answers
D.
The key to building solid career relationships is the acceptance of a carrier's rate.
Suggested answer: B

Explanation:

Transportation negotiation involves several critical factors beyond just cost. While it is important to aim for the lowest possible transportation rate, this rate must also align with the necessary level of service required by the logistics operation. This means that achieving the lowest rate is only beneficial if it does not compromise service quality, delivery timelines, reliability, and other essential factors that could affect the overall supply chain performance. Hence, option B emphasizes the balance between cost and service level, making it the correct statement in the context of transportation negotiation.

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

Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation. Pearson.

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asked 16/09/2024
Francesco D'Agostino
35 questions
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