D471 Global Supply Chain Management
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Free D471 Global Supply Chain Management Questions
1. Which of the following is a common drawback associated with rail service in logistics?
- High speed of delivery
- Limited flexibility in routing
- Cost-effectiveness
- Extensive network coverage
Explanation
A common drawback of rail service is its limited flexibility in routing. Rail transport depends on fixed tracks and scheduled routes, making it less adaptable for door-to-door or last-mile delivery compared to trucking. While rail is efficient and cost-effective for long-distance and bulk shipments, its lack of route flexibility can cause delays and require additional transport modes to complete deliveries.
2. Explain the significance of DDP terms in international shipping and how they differ from EXW terms regarding the responsibilities of the transportation company.
- DDP terms require the seller to handle all costs and risks until delivery, while EXW terms place the burden on the buyer.
- DDP terms allow the buyer to take title immediately, whereas EXW terms require the seller to retain title until delivery.
- DDP terms only apply to domestic transactions, while EXW terms are used for international shipments.
- DDP terms require the transportation company to take title only after customs clearance, unlike EXW terms.
Explanation
Under DDP (Delivered Duty Paid) terms, the seller is responsible for all costs, transportation arrangements, customs clearance, and risks until the goods reach the buyer’s location. In contrast, EXW (Ex Works) places full responsibility on the buyer to manage shipping, export procedures, and associated risks from the seller’s premises onward. This makes DDP seller-heavy and EXW buyer-heavy in terms of responsibility and cost management.
3. What are the three primary factors that the Harmonized Tariff Schedule uses to calculate duties?
- Product weight, shipping method, and insurance costs
- Commodity classification, product value, and country of origin
- Importer reputation, market demand, and currency exchange rates
- Export documentation, freight charges, and delivery timelines
Explanation
The Harmonized Tariff Schedule (HTS) determines import duties based on three key factors: the commodity classification of the goods, their declared value, and their country of origin. These elements allow customs authorities to assess appropriate tariffs, enforce trade regulations, and determine eligibility for preferential duty rates under trade agreements. Accurate classification and documentation are essential for compliance and cost management in global trade.
4. Which term refers to the tools that analyze data from execution systems in the supply chain for insights and visualizations?
- Business intelligence
- Supply chain analytics
- Data warehousing
- Performance management
Explanation
Supply chain analytics refers to the tools and methods used to examine data from various supply chain execution systems to uncover patterns, generate insights, and support decision-making. These analytics help organizations improve forecasting accuracy, monitor performance, identify inefficiencies, and make data-driven adjustments that enhance supply chain visibility, agility, and profitability.
5. What is Bill of Lading (B/L)?
- A bill of lading is a contract of carriage between the shipper and the receiver.
- A bill of lading is a contract of carriage between the carrier and the receiver.
- A bill of lading is a contract of carriage between the shipper and the carrier.
- A bill of lading is a contract of carriage between the carrier and the intermediary.
Explanation
A Bill of Lading (B/L) is a legally binding document that serves as a contract of carriage between the shipper and the carrier. It outlines the terms and conditions under which goods are transported, serves as a receipt for the shipped cargo, and acts as a document of title, enabling ownership transfer of the goods during transit.
6. A company is experiencing delays in its supply chain due to unexpected demand fluctuations. Which feature of a Supply Chain Management tool would be most beneficial in addressing this issue?
- Automatic financial reporting
- Visibility of critical flows and early warning signals
- Social media integration for customer feedback
- Employee performance tracking
Explanation
Visibility of critical flows and early warning signals enables supply chain managers to monitor operations in real time and detect disruptions early. This feature helps anticipate demand surges, adjust production or inventory levels, and coordinate with suppliers promptly. By improving situational awareness, it minimizes delays and ensures the supply chain remains responsive and resilient under changing market conditions.
7. Which of the following is a legitimate disadvantage of offshoring?
- US competitiveness will decrease if businesses offshore processes
- US consumers will be charged higher prices due to offshoring
- Customers will lack choices in many industries due to offshoring
- Customer responsiveness may suffer due to offshoring
Explanation
A legitimate disadvantage of offshoring is that customer responsiveness may suffer. Offshoring often leads to longer supply chains and extended communication timelines, which can slow response times to customer needs or market changes. Differences in time zones, language, and logistics can also create delays in addressing service issues or adapting production quickly, reducing overall agility and customer satisfaction.
8. A company is planning to import electronics from overseas and is concerned about potential theft during transportation. Which combination of strategies should the company implement to mitigate this risk effectively?
- A. Use proper packaging, avoid high-risk routes, and select favorable INCOTERMS.
- B. Increase insurance coverage and hire a logistics consultant.
- C. Rely solely on local suppliers to avoid international shipping.
- D. Use generic packaging and choose the cheapest shipping option.
Explanation
The most effective strategy to reduce theft risk combines proper packaging, route planning, and favorable INCOTERMS. Secure, non-descriptive packaging conceals valuable goods, while avoiding high-risk routes minimizes exposure to theft-prone areas. Selecting appropriate INCOTERMS ensures clear allocation of risk and responsibility between buyer and seller, creating a balanced and protected logistics strategy.
9. Which of the following best describes accurate data in supply chain management?
- Data that is timely and relevant
- Data that is correct and free from errors
- Data that is comprehensive and detailed
- Data that is easily accessible and understandable
Explanation
In supply chain management, accurate data refers to information that is correct, reliable, and free from errors. Accurate data ensures that planning, forecasting, and operational decisions are based on true and dependable information. This accuracy reduces costly mistakes, improves efficiency, and strengthens trust across suppliers, manufacturers, and customers in the supply chain process.
10. Which of the following best explains why companies are operating globally?
- Lower exchange rate
- National priorities
- Increased tax deductions
- Increased opportunities for growth
Explanation
Companies expand globally primarily to access increased opportunities for growth. Operating on an international scale allows firms to reach new markets, access diverse customer bases, source materials more efficiently, and take advantage of competitive production costs. Global operations also help companies strengthen their brand presence, enhance innovation, and improve overall profitability through expanded market reach.
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