NEWEST 2025 MGCR 382 FINAL
EXAM/ACTUAL EXAM QUESTIONS WITH
ALL PASSED SOLUTIONS/NEWES T
UPDATE
Political System - answer-:,Collectivism vs Individualism
Democratic vs Totalitarianism
Transportation and its drivers - answer-:,Movement of raw material, component parts and
finished goods
- Largest percentage of logistics budget and more for global companies
1. Distance
2. Transport mode
- Ocean is the least expensive because of the size of vehicle used and the low friction of the
water
- Land is in the middle
- Air is most expensive because you need to defy gravity
3. Size of load
- Larger shipments are less expensive
4. Load characteristics: product density, value, potential for damage
5. Oil prices
,Reverse logistics - answer-:,Planning, implementing and controlling the efficient, cost-effective
flow of raw materials, inventory, finished goods from the point of consumption to the point of
origin
- Goal is to optimize the after-market activity or make it efficient
Consumers:
- Return products, exchange products, repair products, claim warranty
Company:
- Recycle products, manage unsold goods, reuse packaging
Global purchasing - answer-:,1. Companies and domestic purchasing
2. Companies and international purchasing as needed (reactive and uncoordinated)
3. Companies and international purchasing as part of the firm's SCM strategy (begin with well-
formulated and executed purchasing strategies)
4. Global purchasing activities integrated across worldwide locations
5. Global purchasing activities integrated across worldwide locations and functional groups
Role of just-in-time inventory - answer-:,Inventory logistics system designed to deliver parts to a
production process as needed, not before
- Speeds up inventory turnover
- Reduces inventory holding costs (warehousing and storage costs)
- Frees up working capital
- Boosts productivity
- Product quality
Role of Information Technology - answer-:,Enterprise Resource planning: Wide-ranging business
planning and control systems that includes supply chain-related subsystems
- Corrects lack of communicating among the functional area ISs. ERP system resolve this
problem by tightly integrating the functional area IS via a common database
,Coordination in Global Supply Chains - answer-:,Shared decision making creates a more
integrated, coherent, efficient and effective global supply chain
- Responsiveness
- Variance reduction
- Inventory reduction
- Shipment consolidation
- Quality
- Life-cycle support: integrate activities of reverse logistics, recycling, after-market service
Interorganizational Relationship - answer-:,Trust and commitment are essential
- Value between nodes and actors in global supply chains is a function of the cost (money and
nonmoney resources) given up in return for the quality (products, services
Pros of Role of just-in-time inventory - answer-:,- Pioneered by Japenese
- Economize on inventory holding costs by having materials arrive at manufacturing plants in
time to enter the production system and not before
- Cost savings by speeding up inventory turnover (less inventory holding costs such as
warehousing and storage)
- Frees up capital for other uses
- Improves product quality
Cons of just-in-time inventory - answer-:,No buffer stock of inventory (although it is expensive it
is helpful to respond quickly to increases in demand)
- September 11 no air travel
- SARS
Reduce risk:
, Use several suppliers located in different countries
Role of Information Technology - answer-:,Tracking component parts - accelerate production by
pulling key components out of regular supply chain and having them flown to the
manufacturing plant
- Electronic Date interchange between two or more companies
- Enterprise resource planning (has subsystems)
- Collaborative planning, forecasting and replenishment: Fill intergovernmental connections ERP
cannot fill
- Vendor management or inventory (VMI) allows for holistic overview with a single point of
control
- Warehouse management system: Operates with ERP systems, ERP system defines material
requirements
- Blockchains: synchronize all data and transactions across a global network
Global supply chain coordination - answer-:,Shared decision making operations and operational
collaboration of key global supply chain activities (joint consideration of replenishment,
inventory holdings costs, collaborative planning, batch size, product development)
1. Responsiveness: satisfy customer requirements
2. Variance reduction: Integrating control system
3. Inventory reduction: Integrating inventory system
4. Shipment consolidation: Combine small shipments and provide timely movement
5. Quality: zero defects
6. Life cycle support: Integrating the activities of reverse logistics, recycling, after-market service
Interorganizational relationships - answer-:,- Trust and commitment
- Upstream/ inbound portion:
- Downstream/ outbound portion:
EXAM/ACTUAL EXAM QUESTIONS WITH
ALL PASSED SOLUTIONS/NEWES T
UPDATE
Political System - answer-:,Collectivism vs Individualism
Democratic vs Totalitarianism
Transportation and its drivers - answer-:,Movement of raw material, component parts and
finished goods
- Largest percentage of logistics budget and more for global companies
1. Distance
2. Transport mode
- Ocean is the least expensive because of the size of vehicle used and the low friction of the
water
- Land is in the middle
- Air is most expensive because you need to defy gravity
3. Size of load
- Larger shipments are less expensive
4. Load characteristics: product density, value, potential for damage
5. Oil prices
,Reverse logistics - answer-:,Planning, implementing and controlling the efficient, cost-effective
flow of raw materials, inventory, finished goods from the point of consumption to the point of
origin
- Goal is to optimize the after-market activity or make it efficient
Consumers:
- Return products, exchange products, repair products, claim warranty
Company:
- Recycle products, manage unsold goods, reuse packaging
Global purchasing - answer-:,1. Companies and domestic purchasing
2. Companies and international purchasing as needed (reactive and uncoordinated)
3. Companies and international purchasing as part of the firm's SCM strategy (begin with well-
formulated and executed purchasing strategies)
4. Global purchasing activities integrated across worldwide locations
5. Global purchasing activities integrated across worldwide locations and functional groups
Role of just-in-time inventory - answer-:,Inventory logistics system designed to deliver parts to a
production process as needed, not before
- Speeds up inventory turnover
- Reduces inventory holding costs (warehousing and storage costs)
- Frees up working capital
- Boosts productivity
- Product quality
Role of Information Technology - answer-:,Enterprise Resource planning: Wide-ranging business
planning and control systems that includes supply chain-related subsystems
- Corrects lack of communicating among the functional area ISs. ERP system resolve this
problem by tightly integrating the functional area IS via a common database
,Coordination in Global Supply Chains - answer-:,Shared decision making creates a more
integrated, coherent, efficient and effective global supply chain
- Responsiveness
- Variance reduction
- Inventory reduction
- Shipment consolidation
- Quality
- Life-cycle support: integrate activities of reverse logistics, recycling, after-market service
Interorganizational Relationship - answer-:,Trust and commitment are essential
- Value between nodes and actors in global supply chains is a function of the cost (money and
nonmoney resources) given up in return for the quality (products, services
Pros of Role of just-in-time inventory - answer-:,- Pioneered by Japenese
- Economize on inventory holding costs by having materials arrive at manufacturing plants in
time to enter the production system and not before
- Cost savings by speeding up inventory turnover (less inventory holding costs such as
warehousing and storage)
- Frees up capital for other uses
- Improves product quality
Cons of just-in-time inventory - answer-:,No buffer stock of inventory (although it is expensive it
is helpful to respond quickly to increases in demand)
- September 11 no air travel
- SARS
Reduce risk:
, Use several suppliers located in different countries
Role of Information Technology - answer-:,Tracking component parts - accelerate production by
pulling key components out of regular supply chain and having them flown to the
manufacturing plant
- Electronic Date interchange between two or more companies
- Enterprise resource planning (has subsystems)
- Collaborative planning, forecasting and replenishment: Fill intergovernmental connections ERP
cannot fill
- Vendor management or inventory (VMI) allows for holistic overview with a single point of
control
- Warehouse management system: Operates with ERP systems, ERP system defines material
requirements
- Blockchains: synchronize all data and transactions across a global network
Global supply chain coordination - answer-:,Shared decision making operations and operational
collaboration of key global supply chain activities (joint consideration of replenishment,
inventory holdings costs, collaborative planning, batch size, product development)
1. Responsiveness: satisfy customer requirements
2. Variance reduction: Integrating control system
3. Inventory reduction: Integrating inventory system
4. Shipment consolidation: Combine small shipments and provide timely movement
5. Quality: zero defects
6. Life cycle support: Integrating the activities of reverse logistics, recycling, after-market service
Interorganizational relationships - answer-:,- Trust and commitment
- Upstream/ inbound portion:
- Downstream/ outbound portion:
