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Why is import/export documentation more complex in international transactions compared to domestic ones?
Why is import/export documentation more complex in international transactions compared to domestic ones?A . Domestic transactions involve more individuals and institutions.B . International transactions have fewer disputes.C . International transactions have fewer import/export policies.D . The nature of multi-modal transport requirements adds complexity.View AnswerAnswer: D Explanation: The use of multi-modal...
Which key performance objective focuses on maintaining products at their manufactured specification and ensuring the accuracy of inventory information?
Which key performance objective focuses on maintaining products at their manufactured specification and ensuring the accuracy of inventory information?A . QualityB . SpeedC . DependabilityD . FlexibilityView AnswerAnswer: A Explanation: The key performance objective Quality ensures that inventory is maintained at its manufactured specification and that all inventory-related information remains...
What is the significance of end-to-end integration in capturing efficiencies from new technologies?
What is the significance of end-to-end integration in capturing efficiencies from new technologies?A . It reduces the need for global logisticsB . It allows companies to focus solely on domestic marketsC . It increases production costsD . It helps companies realize the full potential of new technologies in production and...
What is the primary purpose of adopting a strategy of "localisation" in global logistics?
What is the primary purpose of adopting a strategy of "localisation" in global logistics?A . Reducing transportation costsB . Increasing product availability in foreign marketsC . Expanding the organization's capital equipment capacityD . Adapting products and processes to suit target locationsView AnswerAnswer: D Explanation: Localisation ensures products and processes are...
To achieve this goal, which of the following strategies should the organization consider implementing?
An organization is seeking to reduce inventory supply in its supply chain while benefiting from economies of scale and batching. To achieve this goal, which of the following strategies should the organization consider implementing?A . Keeping long resupply lead timesB . Implementing electronic data interchange (EDI)C . Increasing safety stock...
What actions should a procurement professional take to protect the supply chain from transportation and/or pipeline breakdowns? (Select all that apply)
What actions should a procurement professional take to protect the supply chain from transportation and/or pipeline breakdowns? (Select all that apply)A . Increasing inventoryB . Information sharing with supply partnersC . Ignore the economic impactD . Introduction of EDIE . Collaborative planning with supply partnersView AnswerAnswer: B, D, E Explanation:...
What does the management of global logistics involve beyond examining physical assets and locations in the supply chain operational system?
What does the management of global logistics involve beyond examining physical assets and locations in the supply chain operational system?A . Developing competitive relationships with suppliersB . Managing the information flow throughout the supply chain networkC . Coordinating production facilities across different regionsD . Reducing supply chain complexityView AnswerAnswer: B...
