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SCMN 2150 TEST 3 QUESTIONS WITH CORRECT ANSWERS

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SCMN 2150 TEST 3 QUESTIONS WITH CORRECT ANSWERS

Institution
SCMN 2150
Course
SCMN 2150

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When you see the letter "I" in an INCOTERM, what does it stand for?


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Insurance




Production of goods from one firm, under the label or brand of another firm.


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Contract Manufacturing




According to the Gartner article, " digital a competitive necessity for delivering
effieicieny" what is the top expected benefit of becoming a digital business?

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Improve operational efficiencies




High Quality Data is essential to effective decision-making, match the following
characteristics of High-Quality data to their definitions.


Accurate, Accessible, Relevant, Timely, Transferable, Reliable, Usable


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accurate: data must be correct & depict reality
accessible: data must be readily available for decision making purpose
relevant: data must contain pertinent details for support and analysis
timely: data must be current
transferable: data must be portable and readable by multiple systems
reliable: the data must come from credible sources and be unaltered
usable: the data must support stronger decision making




What is the first step in the customs clearance process?


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Entry Filing




In 2014, the University of Tennessee Global Supply Chain Institute white paper titled,
"Managing Risk In the Global Supply Chain". What was the highest ranked risk
mitigation strategy listed by supply chain executives.


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Institution
SCMN 2150
Course
SCMN 2150

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