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How has the nature of competition in today's globalized markets evolved?

A.

Competition is supply chain versus supply chain, rather than company versus company

B.

Competition is limited to domestic markets

C.

Competition is now primarily between companies within the same industry

D.

Competition is no longer a significant factor in global markets

ABC company operates in the global supply chain and wants to manage price and currency fluctuations effectively. Which surcharge could help them account for difficulties in navigating poor infrastructure, backlogs, and delays in transportation?

A.

Peak season surcharge

B.

Bunker adjustment factor

C.

War risk surcharge

D.

Currency adjustment factor

The quarterly Global Supply Chain Risk Report measures strategic logistical risks across industry sectors using four key risk metrics. Which metric examines the impact of the exchange rate when transactions occur between the buying organization and supply partners who use different currencies?

A.

Global sourcing risk

B.

Supplier criticality

C.

Supplier financial risk

D.

Foreign exchange risk

A multinational company is expanding its operations globally and considering the benefits and challenges of sourcing, outsourcing, and offshoring. Which challenge is likely to be hard to overcome due to trade across borders and geographic, time, and language differences?

A.

Compliance issues

B.

Logistics and production scheduling

C.

Quality expectations

D.

Lead time factors

In the context of original equipment manufacturers (OEMs) and their strategic choices, what is a key factor that may influence whether an OEM chooses to build their own brand or work as a supply partner to a major buyer?

A.

The size of the OEM's manufacturing capability

B.

The availability of new market opportunities

C.

The strength of the OEM's marketing and distribution capabilities

D.

The relationship between the OEM and the buyer

In the context of managing an extended transportation pipeline, what is the primary concern associated with implementing a "just in time" (JIT) inventory system?

A.

Minimizing the reliance on warehousing and storage

B.

Reducing the cost of inventory holding

C.

Increasing the risk of disruptions if material flow or labor is interrupted

D.

Reducing transportation costs through last-minute logistics planning

A company is looking to improve cost efficiency while remaining responsive to customer demands in its supply chain operations. Which practice involves outsourcing core logistics capabilities to specialist providers like DHL and FedEx?

A.

Total external asset management

B.

Third-party logistics (3PL)

C.

Fourth-party logistics (4PL)

D.

Stock and inventory management

A global organization is considering implementing a tiered supply chain network. What would be the primary benefit of this approach?

A.

To centralize production facilities in one location

B.

To eliminate competition among suppliers

C.

To increase demand uncertainty

D.

To reduce the complexity of the supply chain

What is the primary purpose of adopting a strategy of "localisation" in global logistics?

A.

Reducing transportation costs

B.

Increasing product availability in foreign markets

C.

Expanding the organization's capital equipment capacity

D.

Adapting products and processes to suit target locations