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UARK SCMT 3443 - Exam 2- Solved
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UARK SCMT 3443 - Exam 2- Solved
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UARK SCMT 3443 - Exam 2- Solved*Customs-Trade Partnership Against Terrorism (C-TPAT) - ANSWER-improve
international supply chain and US border security through voluntary gov. business
cooperative relationships
*Free and Secure Trade (FAST) - ANSWER-security and safety of North America via
commercial processing program alignment at U.S./Canada and U.S./Mexico ports of
entry (reserved for known low risk shipments)
-provides expedited processing for participants
3PL - ANSWER-firms that manage and/or provide multiple logistics services for use by
customers
3PL Relationship Development Process - ANSWER-Step 1: perform strategic
assessment
Step 2: decision to form relationship
Step 3: evaluate alternatives
Step 4: select partners
Step 5: structure operating model
Step 6: implementation and continuous improvement
4 Step Risk Management Process - ANSWER-1. Risk Identification
2. Risk Assessment - evaluate impact and place priorities on identified risks
3. Risk Management Strategies - create plans for cost effective mitigation and
management of risks
4. Risk Review - monitoring and updating
4PL - ANSWER-firms that provide a broader scope of services to help manage
elements of supply chain
Action plans should reflect on of the following approaches... - ANSWER-1. Risk
Avoidance
2. Risk Reduction
3. Risk Transfer
4. Risk Retention
Air carriers pay for the use of the airport through: - ANSWER--landing fees
-rent and lease payments for space
-taxes on fuel and airline tickets
-aircraft registration taxes
Air Forwarding - ANSWER-consolidate small shipments for long-haul movement,
primarily using major passenger and freight airlines
, Airline Market Structure - ANSWER-A relatively large number of airline companies exist,
but a small number (10) account for more than 90 % of the total revenue.
Airport Cost Structure - ANSWER--high variable: fuel (34%), labor (25%), operating cost
(vary by different types of aircraft used)
-low fixed: mostly attributable to publicly provided airways and terminals.
Asset Based - ANSWER-owns assets and labor force needed to run transport and
logistics activities
-EX: UPS, JB Hunt, FedEx
Asset Based: Advantages - ANSWER-readily available capacity, permanent employees,
and direct control of the customers' freight
Asset Based: Disadvantages - ANSWER-potential for bias toward 3PL own internal
resources in developing solutions for customers
Bill of Lading - ANSWER-the transportation contract between shipper/carrier
Business Continuity Planning (BCP) - ANSWER-the processes and procedures an
organization puts in place to ensure that essential functions can continue during and
after a disruption or disaster
-includes advance planning to develop readiness plans in event of a disruption
-fire drill approach
Cargo Competition (Air) - ANSWER--low transit time emphasis
-door-to-door service contracts
-increased competition from surface carriers entering air cargo business.
Cargo Pricing - ANSWER-is dependent mainly on weight and/or cubic dimensions.
Other factors affecting cargo rates:
-over-dimensional charge for low-density cargo (< 8 cubic ft.)
-special services (e.g. armed guards)
Champlin Oil Case - ANSWER-after WWII, US Supreme Court ordered pipelines to
operate as common carriers
Coastal Carriers - ANSWER--operate ocean-going ships and barges along Atlantic,
Pacific, and Gulf of Mexico coasts.
-move large quantities of crude oil from Alaska ports to refineries along the Pacific
Coast.
Constraints : Pipeline - ANSWER--limited responsiveness due to slow speed
-limited geographic flexibility
-limited variety of products carried
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