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A large manufacturer wanting to be more competitive in the global market place decided to outsource its transportation and return processing to other companies on a contractual basis.
A large manufacturer wanting to be more competitive in the global market place decided to outsource its transportation and return processing to other companies on a contractual basis. The companies providing the services would be referred to as: A. fourth party logistics providers. B. third party logistics providers. C. retail...
Which of the following forecasting methods relies on the opinions of a panel of experts?
Which of the following forecasting methods relies on the opinions of a panel of experts?A . Delphi techniqueB . Survey methodC . Causal methodD . Time series analysisView AnswerAnswer: A Explanation: The Delphi technique is a structured forecasting method that relies on the opinions of a panel of experts. Here’s...
An advantage of using a third-party logistics service (3PL) is improved:
An advantage of using a third-party logistics service (3PL) is improved: A. on-time delivery of shipments due to higher inventory levels. B. cost structure due to economies of scale. C. access to smaller markets due to localization. D. risk visibility due to inventory consolidation.View AnswerAnswer: B Explanation: Context: Third-party logistics...
Which of the following types of information would be an appropriate basis for a qualitative forecast?
Which of the following types of information would be an appropriate basis for a qualitative forecast?A . Leading indicatorsB . Market research dataC . Order historyD . Shipment historyView AnswerAnswer: B Explanation: Qualitative forecasting techniques are often used when there is little to no historical data available, or when the...
Which of the following approaches would be most appropriate?
A manufacturer of plastic components that are sold either directly or through distributors wants to identify the requirements of the end customers for each market segment. Which of the following approaches would be most appropriate?A . Analyzing the buying history for each of the market segmentsB . Asking the manufacturer's...
A remanufacturer of equipment is most likely to have what type of supply chain?
A remanufacturer of equipment is most likely to have what type of supply chain?A . Modular logisticsB . Reverse logisticsC . Mixed modelD . LateralView AnswerAnswer: B Explanation: A remanufacturer of equipment typically engages in reverse logistics. This type of supply chain involves the processes associated with the return of...
Which of the following outcomes is a benefit typically expected of customer relationship management (CRM)?
Which of the following outcomes is a benefit typically expected of customer relationship management (CRM)? A. Reducing the size of the sales force by automating activities B. Gaining a better understanding of customer requirements C. Implementing automated inter-organizational processes D. Focusing sales efforts on the most profitable customersView AnswerAnswer: B...
Incorporating supplier input into product and process design helps to:
Incorporating supplier input into product and process design helps to:A . maintain quality.B . stabilize product costs.C . reduce time to market.D . save costs to the buyer.View AnswerAnswer: C Explanation: Incorporating supplier input into product and process design can significantly enhance various aspects of the product development process: Early...
Which of the following considerations is an important supply chain design decision?
Which of the following considerations is an important supply chain design decision?A . Product designB . Selecting supporting information systemsC . Identifying labor force requirementsD . Identifying training programsView AnswerAnswer: B Explanation: Selecting supporting information systems is a crucial supply chain design decision. Effective information systems are essential for managing...
Reverse supply chain activity typically peaks nearest the beginning of which of the following stages of the product life cycle?
Reverse supply chain activity typically peaks nearest the beginning of which of the following stages of the product life cycle? A. Introduction B. Growth C. Maturity D. DeclineView AnswerAnswer: D Explanation: Context: Reverse supply chain activity includes returns, recycling, and disposal processes. Product Life Cycle Stages: A. Introduction: Focus is...
