QUESTIONS WITH ANSWERS GRADED A+
◍ Electronic Data Interchange (EDI) for document exchange, barcodes for
tracking inventory, and Radio Frequency Identification (RFID) for real-time
shipment identification, and satellite communication.
Answer: Basic communication systems in supply chain
◍ an international treaty under the World Trade Organization (WTO)aims to
protect human, animal, and plant life or health from risks related to food
safety and animal and plant diseases.
Answer: Agreement on the Application of Sanitary and Phytosanitary
Measures - SPS Agreement
◍ Which of the following describes the role of customs administration in
border security?.
Answer: preventing the illegal import/export of prohibited goods like drugs,
weapons and counterfeit items.
◍ pathways through which products move from manufacturers to consumers.
Answer: Distribution channels (Direct & Indirect)
◍ the portion of inventory that a business keeps on hand to meet expected
customer demand during a specific period.
Answer: Cycle stock
◍ characterized by flexible fulfillment and production planned across
functional boundaries, allowing quick responses to customer demand.
Answer: agile supply chain
◍ Efficient returns processing improves.
Answer: customer satisfaction, maintains inventory accuracy, and supports
reverse logistics operations
,◍ the fastest mode of transport used in logistics-Common for time-sensitive
shipments, high-value goods, urgent parts, pharmaceuticals, and fresh
produce. Used for small/medium loads.
Answer: Air transportation
◍ why has Supply chain security emerged.
Answer: from political fears regarding the potential misuse of global supply
chains for criminal and terrorist activities
◍ the average time it takes to store received products in their designated
locations within a warehouse.
Answer: put-away cycle time
◍ involves creating virtual boundaries using GPS or RFID to monitor the
movement of assets and vehicles within a defined area- This allows for
automated alerts and updates.
Answer: geofencing
◍ fundamental metrics that help assess logistics performance and customer
satisfaction-balances customer needs and satisfaction.
Answer: Service levels required and achieved
◍ recognizes
U. S. organizations across various sectors, including supply chain
management, for demonstrating excellence in performance and quality
management.
Answer: The Malcolm Baldrige National Quality Award
◍ What is a key characteristic of supply chain management compared to
classic logistics?.
Answer: It involves both suppliers and end users (customers) in the process
◍ quantitative projective forecasting methods.
Answer: Moving Average,Exponential Smoothing,Regression
Analysis,Time Series Models
◍ what does the WTO's Trade Facilitation Agreement (TFA) reduce.
, Answer: bureaucratic delays and costs associated with trade, ultimately
boosting global trade and economic growth
◍ What is the purpose of verification in the picking process?.
Answer: ensures the selected items match the order in terms of quantity,
quality, and specific requirements like lot numbers
◍ The primary aim of the WTO's Trade Facilitation Agreement (TFA).
Answer: to simplify, modernize, and harmonize international trade
processes, thereby expediting the movement, release, and clearance of goods
across borders
◍ A company wants to improve its put-away efficiency across its storage
network by using advanced systems. Which system can help the company
achieve this goal?.
Answer: Warehouse management system (WMS),
◍ a production strategy where items are manufactured only after a customer
places an order, allowing for high customization but often resulting in
longer lead times-custom tailored items (custom built computers, ordering
subway, etc).
Answer: Make-to-order
◍ The primary goal of supply chain management is.
Answer: to create value for customers by optimizing the flow of goods and
services to meet customer demand efficiently while minimizing costs
◍ the fluctuations in the rate at which goods are processed and delivered
within a supply chain-influenced by factors such as demand changes,
operational inefficiencies, and resource availability.
Answer: Throughput variability
◍ an online platform that connects shippers needing to transport goods with
carriers looking for freight to fill their vehicles. It streamlines the booking
process, enhances visibility.
Answer: digital freight exchange