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SCMN 2150 EXAM 3 - ROBERT STRAW QUESTIONS WITH CORRECT ANSWERS

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SCMN 2150 EXAM 3 - ROBERT STRAW QUESTIONS WITH CORRECT ANSWERS

Institution
SCMN 2150
Course
SCMN 2150

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What drives a company to consider off-shoring or near-shoring outsourced
operations?


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- Increased global competition
- Pressure to reduce costs
- Become more competitive
- Become more innovative




What is a customs broker and how are they used?


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, Third-Party logistics professionals hired by importers to interpret complex
entry rules and help clear customs safely, securely, and quickly & ensure
legal minimum duties are paid.




Collaboration


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Access to a common data pools supports collaboration on strategies,
processes, and exception response... linking geographically dispersed
supply chains to achieve seamless/smooth information sharing.




4. __________ is the production of goods for sale in countries outside the home market of
the organization


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Global Manufacturing




Readings: According to BCG, what are the 6 recommended steps companies should
take to assess and adjust their supply chains?


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1. Align design principles with the new reality.
2. Segment the portfolio by supply chain risk and understand performance
drivers.
3. Identify levers and options at the segment level.
4. Evaluate supply chain design options for each segment.

, 5. Pressure test design choices across the company.
6. Put the network redesign in place and monitor performance.




What considerations should be made when choosing international shipment routings?


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- Port Capabilities
- Port Security
- Border Congestion




Purchasing


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Sourcing the materials, components, & modules for production.




Commercial Invoice


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Must identify the buyer and seller.




Optimization


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Institution
SCMN 2150
Course
SCMN 2150

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