supply chain exam 3 quizzes

module 12

global operations: import to receipt

Module 10

global operations: planning & production

module 11

global operations: preparation to export

When you see the letter "I" in an INCOTERM, what does it stand for?

insurance

If an air carrier destroys your shipment, what is the limit of their liability?

$28 per kilogram

If an ocean carrier damages your shipment, what is the limit of their liability?

$500 per package

Reduce costs, expand capacity, reduce risk, access new designs & specialized skills/ideas are all goals of what procurement strategy?

Global Sourcing

Which of the following is the final activity within Global Supply Chain Management?

International Delivery

Which technology supports software-as-a-service for supply chain tools that can be used by clients without having to own, repair, upgrade, or maintain it?

cloud computing

Match the following Global Trade Documents to their corresponding function/purpose.

commercial invoice: must identify the buyer & seller bill of lading: evidence of contract of carriage, receipt of goods, & documentation of title to the goods insurance certificate: assures the coverage of loss or damage to the freight during transit certificate of origin: verifies the country in which the goods were manufactured letter of credit: guarantees the seller will receive payment as long as the delivery conditions are met

INCOTERMS specify the delivery details - carrier name, voyage, and price

false

Match the following risk mitigation techniques to their corresponding examples/descriptions

focus on damage prevention: properly pack goods, use waterproof packaging, use marking on boxes to indicate proper orientation limit theft opportunities: work with trusted partners, avoid high-risk routes, stay away from highly congested ports, minimize brand markings on packaging manage the financial risk: purchase cargo insurance from an underwrite

In which scenario will Tiger Turntables have more risk?

FAS

The video breaks down Global Supply Chain Management into three logical blocks of activities. Which of the following is NOT one of the three?

Global Manufacturing

__________ is the production of goods for sale in countries outside the home market of the organization

Global Manufacturing

According to UNCTAD, maritime trade growth is expected to return to a positive territory in 2021 and expand by how much?

4.8%

Which of the following disruptive technologies is being leveraged by Maersk to create a global tamperproof system for digitizing trade workflow and tracking shipments end-to-end? This technology reduces delays, increases security, and decreases international barriers which could contribute to an increase in the total global trade volume of almost 15%.

Blockchain

Which of the following is the oldest form of insurance, going back almost 500 years, and can be provided as an add-on by the transportation carrier or from a third party?

Cargo Insurance

In which scenario will Tiger Turntables have more control?

FAS

In which scenario will Tiger Turntables pay less for transport?

DPU

Which of the following Global Supply Chain Management Activities involves negotiating the terms of trade, preparing the trade documents, and protecting the freight?

Export Preparations

Within the context of Freight Protection, which of the following is NOT a risk?

Poor Documentation

According to the module 9 video, which of the following is NOT one of the goals of Supply Chain technology?

Quality Control

According to the module 12 video, when deciding on a mode of international transportation, which of the following is NOT one of the main considerations mentioned by Dr. Gibson?

Reliability

According to Beth Stackpole, which one of these five top supply chain technologies involves an opportunity for connected and sensored items to communicate information and deliver insights that will upend traditional supply chain practices?

The Internet of Things (IoT)

When you see the letter "I" in an INCOTERM, who is responsible for purchasing it?

The seller

What is the purpose of Incoterms?

To specify risks and responsibilities for international transport

Which of the following domestic carrier mode has the advantages of Accessibility, Reliability, and Product Protection?

Trucks

You are responsible for shipping six containers of Mizuno running shoes. What can you do to prevent these $210 shoes from being stolen? (Select all that apply)

Work with reputable carriers Use low risk ports Avoid logos and pictures on cases Use ambiguous descriptions Use monitoring devices Load right shoes and left shoes in different containers select all!

High-quality data is essential to effective decision-making, match the following characteristics of High-quality data to their definitions?

accurate: data must be correct & depict reality accessible: data must be readily available for decision making purpose relevant: data must contain pertinent details for support and analysis timely: data must be current transferable: data must be portable and readable by multiple systems reliable: the data must come from credible sources and be unaltered usable: the data must support stronger decision making

Where are you most likely to have your goods stolen?

on the open seas by pirates on US highways at seaports and airports on US railways all of these! ^ Theft can and does occur across the global network

Match the three key pieces of international sourcing activities to their corresponding definition.

preparation: key questions & planning issues in global SCM purchasing: sourcing the materials, components, & modules for production production: creating the final goods, ready for distribution

Place the four decisions of international transportation in order by matching each decision with its corresponding step.

step 1: type of service step 2: mode of transportation step 3: carriers selection step 4: freight routing

_____________ software monitors the supply chain for unexpected events that are out of tolerance for the plan. Decision makers are alerted with recommendations on resolving the problem.

supply chain event management

___________ type of supply chain software "help manage problem scenarios and provide accurate, timely info to ensure that the right product gets to the right place at the right time"

supply chain event management applications

Order management systems, warehouse management systems, and transportation management systems are examples of _________________ software that help companies conduct day-to-day supply chain processes.

supply chain execution

Module 9

supply chain technology

If a ship gets hit by a typhoon off the coast of Hawaii, who is responsible for the costs of salvage, ship repair, and freight claims?

the freight owners

According to Louis Dejoie, there are three main ways to enter a foreign market and transact international business

true

NCOTERMS are not automatically included in contracts, they have to be specified.

true

Supply chain planning solutions support the forward-looking process of coordinating assets to optimize the delivery of goods, services and information from supplier to customer, balancing supply and demand.

true