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| Topic |
Details |
| Topic 1 |
- Assess the strategic factors that influence reverse logistics: This section measures the skills of Logistics Coordinators in comparing factors affecting the implementation of reverse logistics strategies. It discusses challenges such as lack of infrastructure, forecasting difficulties, and perceptions of reverse logistics as a cost rather than a value-addition opportunity.
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| Topic 2 |
- Understand the strategic logistical implications of globalization: This section measures the skills of Logistics Managers and focuses on evaluating the logistics challenges presented by globalization. It covers issues such as centralized versus regionalized inventory holdings, international logistics practices, and the impact of transportation pipelines on inventory costs. A key skill measured is identifying logistics challenges in a global context.
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| Topic 3 |
- Understand the concept of reverse logistics and its impact on global logistics strategy: This section measures the skills of the target audience in assessing strategic factors influencing reverse logistics, such as government policies, economic considerations, and environmental impacts. It emphasizes understanding how these factors affect reverse logistics planning. A key skill measured is evaluating sustainability strategies in reverse logistics.
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| Topic 4 |
- Understand global governance of the supply chain: This section measures the skills of Compliance Officers in assessing the impact of international legislation on globalized supply chains. It includes understanding jurisdictional issues and legal considerations affecting trade across multiple countries. A key skill measured is evaluating legal frameworks governing international trade.
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CIPS Global Logistics Strategy Sample Questions (Q42-Q47):
NEW QUESTION # 42
How do customers and suppliers differ in returns?
- A. Customers want remanufactured items.
- B. Both aim for remanufactured items.
- C. Customers prioritize refunds; suppliers seek residual value.
- D. Both seek quick refunds.
Answer: C
Explanation:
Customers focus on speedy resolutions, while suppliers aim to recover value. [P-181]
NEW QUESTION # 43
The following five companies are dealing with the challenge of managing a product portfolio, catering to diverse customer segments across international territories. Each company manager is tasked with prioritizing specific focus areas and allocating resources to overcome challenges.
Company A: A grocery store chain frequently offers special promotions and discounts, significantly affecting ordering patterns. These volatile prices make it challenging to maintain a consistent revenue stream.
Company B: A growing e-commerce business experiencing increased shipping costs due to the rapid expansion of product offerings and customer base. To maintain profitability, they need to reduce costs.
Company C: A custom-made furniture manufacturer facing order processing delays, leading to longer lead times and increased customer complaints.
Company D: A manufacturer of high-demand electronic gadgets experiencing demand exceeding supply, requiring order rationing. Customers are frustrated due to errors in the rationing system and have attempted to game the system.
Company E: A global electronics manufacturer struggling to manage its complex supply chain across multiple regions. The company needs to leverage technology to improve efficiency and reduce operational costs.
Q: For Company D, what recommended action should the company manager take?
Answer Options:
- A. Implementing order batching
- B. Handling price fluctuations
- C. Implementing automation and machine learning
- D. Improving order accuracy
- E. Leveraging economies of scale
Answer: D
Explanation:
To address errors in the rationing system, Company D should focus on improving order accuracy, ensuring fair distribution of limited supply. [P 166-169]
NEW QUESTION # 44
ABC company is considering adopting practices to reduce carbon consumption and emissions in its production and transportation processes to protect the environment. Which term is most relevant to the ABC company's environmental goals?
- A. Green logistics
- B. Waste management
- C. Closed loop supply chains
- D. Green supply chain management
Answer: A
Explanation:
Green logistics refers to reduction in carbon consumption and emission reduction in production and transportation processes with the aim of protecting the environment. [P-144]
NEW QUESTION # 45
Five companies from different industries are participating in a sustainability summit where they discuss and share their approaches to integrating the triple bottom line (TBL), corporate social responsibility (CSR), and green logistics into their business operations. The companies include:
EcoElectronics Inc. - An electronic device manufacturing company with a focus on environmentally friendly products. The company is committed to reducing its carbon footprint by using recycled materials in its products and minimizing electronic waste.
SocialSolutions Ltd. - A consulting firm specializing in social impact initiatives and community development. Their commitment to social impact involves working closely with local communities, implementing initiatives that empower individuals, and fostering sustainable development.
ProfitablePharma Corp. - A pharmaceutical company committed to balancing financial success with social and environmental responsibility. Beyond financial profitability, the company places a high value on moral pharmaceutical practices. This includes ensuring affordable access to medications and minimizing environmental impact in the manufacturing process.
ModernTrans Logistics - A logistics company that specializes in sustainable and eco-friendly carriage solutions. The company invests in a modern and eco-friendly fleet, utilizing alternative fuels and optimizing routes to reduce emissions.
TechInnovate Innovations - A technology company striving to incorporate green practices in its supply chain and operations. Their commitment includes sourcing ethically produced raw materials and adopting energy-efficient manufacturing processes, minimizing environmental impact while driving innovation in the technology sector.
You are required, for each company, to align the primary focus area and recommend the key factor.
Q: What is the recommended key factor for ProfitablePharma Corp.?
- A. Ethical Business Practices
- B. Community Development Initiatives
- C. Sustainable Product Design and Manufacturing
- D. Sustainable Transportation Solutions
- E. Integration of Green Practices in Technology Operations
Answer: A
Explanation:
The recommended key factor for ProfitablePharma Corp. is "Ethical Business Practices", ensuring they maintain moral pharmaceutical practices and provide affordable access to medications. [P 166-169]
NEW QUESTION # 46
What role does commitment to environmental issues and ethical standards play in the implementation of reverse logistics programs within an organization?
- A. It helps reduce the need for efficient processes.
- B. It adds complexity to the supply chain.
- C. It hinders the organization's competitiveness.
- D. It enhances the likelihood of successful reverse logistics programs.
Answer: D
Explanation:
Organizational commitment to environmental issues increases the likelihood of successful reverse logistics programs. [P-180]
NEW QUESTION # 47
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