Which of the following technologies are transforming the role of distribution centers within the supply chain network? (Select all that apply)
Answer(s): A,C,D,E
Voice picking: Uses speech recognition for efficient order picking. Semi-autonomous machines: Enhance automation and predictive maintenance. Facility management: Manages distribution center systems for efficiency. Detection systems: Improve safety and machine monitoring. Blockchain technology is not listed as a transformative technology for distribution centers. [P-48]
In the context of virtual centralization for information dissemination in a global supply chain, what is one of the challenges commonly associated with this approach?
Answer(s): B
One of the challenges associated with virtual centralization is that the virtual team can be perceived as 'gatekeepers' rather than partners in timely information dissemination. This perception can affect the effectiveness of the approach. [P-104]
What are common methods of payment used in international trade? (Select ALL that apply)
Answer(s): A,B,C,E
Common payment methods in international trade include telegraphic transfer, mail transfer, banker's draft, and documentary letter of credit (LC/LOC). These methods facilitate secure and efficient cross- border transactions. Debit card payments are more commonly used for domestic transactions. [P- 135]
Which of the following contracts is responsible for setting out the rights and obligations of the carrier and the shipper regarding the transportation of goods?
Answer(s): C
The contract of carriage defines the rights and obligations of both the carrier and the shipper in the transportation of goods. [P-122]
ABC global firm has been primarily using a centralized organizational structure for decades. However, due to increasing competition and the need to adapt to local markets, the firm is considering restructuring. What organizational change might align better with its current challenges?
Answer(s): D
A virtual team approach allows firms to maintain coordination while adapting to local conditions, leveraging information and communication technologies. [P-104]
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