QUESTIONS AND ANSWERS WITH
SOLUTIONS 2024
1.HWhatHareHkeyHsupplyHchainHinformationHrequirements?H-
HANSWERHa.HPortable,Haccurate,Htimely,Hreliable,Hrelevant,Haccessible
2.HWhatHbenefitsHandHcapabilitiesHareHcreatedHbyHsupplyHchainHinformationHtechnology?H-
HANSWERHa.HCrossHchainHvisibility,HspeedHupHprocess,HallowsHagility(adaptHandHchange),Hcollaboration,Hdiff
erentiation,HriskHmanagement
3.HWhatHareHtheHmajorHcategoriesHofHsupplyHchainHsoftware?HWhatHisHtheHpurposeHofHeachHcategory?H-
HANSWERHa.HSupplyHchainHplanning,Hexecution,HeventHmanagementH&Hvisibility,HbusinessHintelligence,Hfaci
litatingHtools
4.HHowHisHglobalHSCMHdifferentHfromHdomesticHSCM?HHowHdoesHglobalizationHimpactHday-to-
dayHoperations?H-
HANSWERHa.HGlobalHSCMHfocusesHonHplanning,Himplementing,HandHcontrollingHtheHcross-
borderHflowsHofHmaterials,HmoneyHandHinformationHbetweenHcompaniesHinHdifferentHcountries
5.HWhatHisHtheHpurposeHofHglobalHsourcing?HWhatHcostsHmustHbeHcomparedHwhenHconsideringHglobalHsou
rcing?H-HANSWERHa.HLoweringHsupplyHchainHcosts
6.HWhatHisHoffshoreHmanufacturing?HWhatHareHitsHadvantagesHandHdisadvantages?H-
HANSWERHa.HLoweringHsupplyHchainHcosts
6.HWhatHisHoffshoreHmanufacturing?HWhatHareHitsHadvantagesHandHdisadvantages?H-
HANSWERHa.HProductionHofHgoodsHbyHaHfirm,HunderHtheHlabelHofHanotherHfirm.HContractHmanufacturersHpr
ovideHservicesHtoHmultipleHfirmsHbasedHonHtheirHownHorHtheHcustomers'Hdesigns,Hformulas,HandHspecificati
ons.
8.HWhatHareHINCOTERMS?HHowHdoHtheyHhelpHorganizationsHmanageHglobalHoperationsHandHtransactions?H
MakeHsureHtoHknowHtheHgeneralHdifferencesHbetweenHE,HF,HC,HandHDHterms.H-
HANSWERHa.HTermsHofHtrade.HTheyHdetermineHwhoHisHresponsibleHforHwhatHwhileHgoodsHareHbeingHtransp
orted.