How is global SCM different from domestic SCM? correct answers Global SCM focuses on planning, implementing, and controlling the cross-border flows of materials, money and information between companies in different countries
What are the key channels for global SCM? correct answers Transaction C...
SCMN 3150 EXAM 3 GIBSON, SCMN EPISODE 8, SCMN,
EXAM 3 CHAPTER 10-12 || WITH ERROR-FREE
SOLUTIONS.
How is global SCM different from domestic SCM? correct answers Global SCM focuses on
planning, implementing, and controlling the cross-border flows of materials, money and
information between companies in different countries
What are the key channels for global SCM? correct answers Transaction Channel
Communication Channel
Distribution Channel
Transaction Channel correct answers Ownership transfer issues and responsibilities for freight
management
Communication Channel correct answers Documentation and information sharing activities
geared toward creating visibility and control
Distribution Channel correct answers Decisions regarding mode, carrier, and route selection to
promote efficient, safe, and reliable delivery
What are the key challenges for global SCM? correct answers -Complexity: International
transactions require more steps (up to 106)
-More regulations
-Longer Distances
-More lead time needed
-More risk
-More people using it
What is the purpose of global sourcing? correct answers Lowering supply chain costs
5 steps in global sourcing process correct answers 1. Evaluate the spend category and user
requirements
2. ID and qualify potential suppliers
3. Select the supplier and negotiate the details
4. Plan and execute the implementation
5. Monitor the results and take corrective action
What costs and risks must be considered for global sourcing? correct answers Costs:
1. Product costs
2. Landed costs
3. Unanticipated costs
Risks:
1. Lead time
, 2. Expenses
3. Damage
4. Theft
5. Visibility
What is offshore manufacturing? correct answers Production of goods by one firm, under the
label or brand of another firm. Contract manufacturers provide such service to multiple firms
based on their own or the customers' designs, formulas, and/or specifications
Advantages of offshore manufacturing correct answers 1. Lower operational costs
2. Tapping into skills or resources unavailable domestically
3. Multiple supplier opportunities
4. Increasing total supply capacity
Disadvantages of offshore manufacturing correct answers 1. Hidden costs
2. Exposure to political and financial risks
3. Risks of loss of intellectual property
4. Longer lead times
5. Quality issues
What are terms of trade? correct answers Determine the seller's and buyer's respective
obligations concerning responsibilities and charges for the transportation of goods from the
seller's premises to the buyer's place
How can terms of trade help global supply chain managers? correct answers -They can help
avoid misunderstandings
- Who is responsible for what ?
- Who is going to pay for what ?
- Where do my responsibilities begin and end?
- Who assumes risks?
What are INCOTERMS? correct answers International Commercial Terms
-Created by International Chamber of Commerce
-Group 1 Incoterms: apply to any mode of transport
-Group 2 Incoterms: apply to water transportation only
E terms correct answers Departure Terms
EXW
-Buyer has full responsibility from the door of seller
F terms correct answers Main Carriage Unpaid
FCA, FAS, FOB
-Seller responsible for packing the goods and getting the goods to named place, usually port or
export
-Buyer responsible from the named place to their location
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