SCMN 2150 FINAL Exam Questions With Verified Solutions

SCMN 2150 FINAL Exam Questions With Verified Solutions Which global channel focuses on the documentation needed for government compliance, visibility, and control of goods moving globally. A.) Communication channel B.) Transaction channel C.) Distribution channel D.) Omni-channel A.) Communication channel According to a study by Stanford University, cross border trade processes can involve up to 106 steps. What problem does this cause? A.) Greater in-transit visibility B.) Lower inventory carrying costs C.) Higher order fill rates D.) Opportunities for freight delays D.) Opportunities for freight delays Brainpower Read More Previous Play Next Rewind 10 seconds Move forward 10 seconds Unmute 0:01 / 0:15 Full screen What is the first step in effective global sourcing? A.) develop an understanding of the supply base and investigate the capabilities of individual suppliers B.) Negotiate pricing, volume, and delivery schedules C.) Articulate your needs and maintain open lines of communication D.) Evaluate your spend category and user requirements. D.) Evaluate your spend category and user requirements. When a retailer sources goods to sell under its own name, what type of goods are they offering? A.) Private label goods B.) Generic goods C.) Branded goods D.) Outsourced goods A.) Private label goods What type of risk is created by the inability to maintain real-time control over a complex network of suppliers and carriers? A.) Visibility risks B.) Inventory carrying cost risks C.) In-transit damage risks D.) Intellectual property protection risks A.) Visibility risks What is the key to success for global manufacturers when competing with domestic companies? A.) Competitive landed costs B.) Low labor costs C.) Superior technology D.) Cheap logistics services A.) Competitive landed costs Production of goods by one firm, under the label or brand of another firm is called: A.) Global sourcing B.) Contract manufacturing C.) Exporting D.) Domestic production B.) Contract manufacturing