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Which of the following Incoterms® 2020 rules should be used if the firm wants risk to transfer at the manufacturing plant?
A company purchases raw materials from a domestic supplier that offers competitive overland transportation rates. The firm requires the goods be delivered to its manufacturing plant. Which of the following Incoterms® 2020 rules should be used if the firm wants risk to transfer at the manufacturing plant?A . CIPB ....
An organization purchases material from several countries. These materials are assembled into products and sold in several other countries.
An organization purchases material from several countries. These materials are assembled into products and sold in several other countries. This firm's product specifications will MOST likely referenceA . International standardsB . Incoterms® 2010 rulesC . North American Free Trade ActD . exchange ratesView AnswerAnswer: A Explanation: For a firm purchasing...
Given this situation, which of the following will ensure that the firm has the proper planning in place?
A manufacturer of gas-powered motors realigns its supply chain to fit a new business segment. In the past, the firm focused on customized designs. Now, it wishes to compete in the electric motor market, which is highly competitive and price-sensitive. Given this situation, which of the following will ensure that...
Which of the following circumstances MOST warrants expediting?
Which of the following circumstances MOST warrants expediting?A . A new order placement for standard inventory partsB . A purchase order for a part under evaluation for an engineering changeC . A purchase order that is currently past due from the supplierD . A purchase order for parts with a...
Which of the following will be MOST helpful in resolving this problem?
A supply manager learns that parts used in manufacturing are arriving scratched and must be polished before use, thereby hampering production. Sending the parts back to the supplier is not an option, as they are needed to meet increased demand. Which of the following will be MOST helpful in resolving...
A warehouse manager notices that there has been a constant shortage of 4K TVs for the last few months. An investigation finds that the TVs have been stolen, even though warehouse access is strictly controlled by employee ID badge.
A warehouse manager notices that there has been a constant shortage of 4K TVs for the last few months. An investigation finds that the TVs have been stolen, even though warehouse access is strictly controlled by employee ID badge. In this situation, the warehouse manager's FIRST course of action should...
Which of the following would be the BEST way for the buying firm to maximize the benefits of this discount?
A supply manager negotiates a volume discount with a key supplier. The supplier will provide a discount on screws, bolts, and nuts, based on the quantity indicated on the purchase order (PO). Which of the following would be the BEST way for the buying firm to maximize the benefits of...
How can supply management positively impact this situation?
A manufacturer is concerned that excess packaging materials used for a product will send the wrong message to consumers who may have selected the product based on its sustainable design. How can supply management positively impact this situation?A . Verify that recyclable packaging materials are properly coded for sortingB ....
What is the maximum safety stock that should be maintained for this unit?
A supply manager is reviewing safety stock for a particular unit. The unit is small, Inexpensive, non-perishable, and easily stored, but is critical to the firm's manufacturing process. The following information is known about this unit: Maximum lead time = 8 Days Average lead time = 3 Days Maximum daily...
Which of the following is the GREATEST advantage of using component standardization in product design?
Which of the following is the GREATEST advantage of using component standardization in product design?A . Increasing the potential supply base for the standardized componentsB . Leveraging volume and simplifying new product developmentC . Reducing component costs and forecast complexityD . Reducing the effort required to maintain the supply chainView...
