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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:
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?
Which of the following elements of total quality management (TQM) results in a lower overall cost of the product?

Question 321 - CSCP discussion

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A company wants to improve its transportation strategy to focus on its core manufacturing competence and reduce costs. Which of the following options is most likely to enable the company to achieve its objectives?

A.
Implement a transportation management system (TMS)
Answers
A.
Implement a transportation management system (TMS)
B.
Transition to leased transportation equipment
Answers
B.
Transition to leased transportation equipment
C.
Engage a third-party logistics (3PL) company
Answers
C.
Engage a third-party logistics (3PL) company
D.
Redesign the distribution network
Answers
D.
Redesign the distribution network
Suggested answer: C

Explanation:

Improving a company's transportation strategy to focus on core manufacturing competencies and reduce costs involves leveraging specialized expertise and optimizing logistics processes. Engaging a third-party logistics (3PL) company is most likely to achieve these objectives due to the following reasons:

Specialized Expertise: 3PL providers have specialized knowledge and expertise in logistics, which can help streamline transportation processes and improve efficiency.

Cost Reduction: 3PL companies can offer economies of scale and negotiate better rates with carriers due to their larger volume of shipments, reducing transportation costs.

Focus on Core Competencies: By outsourcing logistics functions to a 3PL, the company can focus more on its core manufacturing activities, improving overall operational efficiency.

Flexibility and Scalability: 3PL providers offer flexible solutions that can scale according to the company's needs, accommodating changes in demand without requiring significant capital investment.

Council of Supply Chain Management Professionals (CSCMP)

'Logistics & Supply Chain Management' by Martin Christopher

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asked 16/09/2024
Dirk van der Watt
29 questions
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