QUESTION: 21

A supply chain manager is revising their organization's supply chain strategy with a greater emphasis on collaborative supply chain relationships.
Which of the following barriers poses the greatest impediment to implementing their new strategy?

Internal operational silos
Vendor language and time zone differences
Transportation carrier's system limitations
Enterprise resource planning (ERP) complexity

Answer(s): B

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QUESTION: 22

Given the data below, calculate the reorder point (ROP).
Average daily demand = 30 units/day
Lead time = 4 days
Safety stock = 20

30 units
8 units
120 units
140 units

Answer(s): D

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QUESTION: 23

According to the Theory of Comparative Advantage, which of the following reasons justifies a country to export a product?

The exporting country produces the product utilizing less labor than other countries.
The exporting country's wage rate in producing the good is lower than in other countries.
The exporting country's productivity is higher in producing the good than the productivity of other countries.
The exporting country's cost of producing the good, relative to other goods, is at least as low as in other countries.

Answer(s): A

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QUESTION: 24

A non-profit transportation membership cooperative that arranges for the domestic or international shipment of member's cargo over any mode of transportation is known as a(n):

freight bureau.
freight broker association.
shipper's association.
integrated service provider.

Answer(s): C

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QUESTION: 21

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QUESTION: 24