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CIPS L6M10 - Global Logistics Strategy

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Total 197 questions

What strategic questions must global firms consider when managing virtually centralized teams?

A.

How to improve face-to-face communication

B.

How virtual teams fulfill tasks physically

C.

How to manage information complexity

D.

What types of tasks are best fulfilled by virtual teams

What distinguishes a co-located supply chain program from a distributed supply chain program?

A.

Co-located programs involve multiple activities at one location, while distributed programs operate from multiple geographical locations.

B.

Co-located programs are costlier to implement than distributed programs.

C.

Co-located programs are more environmentally friendly than distributed programs.

D.

Co-located programs focus on manufacturing, while distributed programs focus on distribution.

Under what conditions does the United Nations Convention on Contracts for the International Sale of Goods (CISG) typically apply to international sales contracts?

A.

Only when both transacting parties are residents of contracting countries

B.

When the contract is exclusively for the sale of services

C.

When the transacting parties explicitly choose the CISG in their contract

D.

When the transacting parties have not specified any applicable law

A multinational technology company operates in a highly competitive industry with rapidly changing technology. They release new product versions frequently, and their products have short lifecycles. Which of the following global logistics strategies would be most suitable for this company?

A.

Dynamic and flexible supply chain network

B.

Centralized inventory management

C.

Traditional organizational structure

D.

Static supply chain network

Which international convention is known as the Vienna Convention and covers the contract of sale between an exporter and an importer?

A.

Economic Commission of West African States (ECOWAS)

B.

International Chamber of Commerce rules and terms of trade

C.

United Nations Conventions on Contracts for the International Sale of Goods (CISG)

D.

Warsaw Convention

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?

A.

Reduced risk of duplication

B.

Perception of the virtual team as 'gatekeepers'

C.

Greater recognition of value delivered by the team

D.

Increased ease of establishing information technology standards

What should John, an international trade lawyer, consider when deciding whether to rely on precedent in an international trade dispute?

A.

He should rely on precedent regardless of the case's uniqueness.

B.

He should disregard precedent entirely to encourage creativity.

C.

He should consider whether the case involves entirely new circumstances.

D.

He should always rely on precedent to ensure consistency.

What is the practice of following precedence in national legal systems called in Common Law?

A.

Jurisprudence constant

B.

Rule of law

C.

Judicial creativity

D.

Stare decisis

What is one approach Sarah, an experienced exporter, can take to minimize the risk of disputes over the interpretation of an international sales contract?

A.

Rely solely on Incoterms® without any variations or additions.

B.

Explicitly specify variations or additions to Incoterms® relevant to the trade.

C.

Avoid specifying any terms in the contract to keep it flexible.

D.

Make small changes to Incoterms® without notifying the buyer.

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?

A.

Maintain the existing centralized structure to preserve stability.

B.

Further centralize its operations to achieve economies of scale.

C.

Diversify its product offerings to address global demands.

D.

Establish virtual teams for information management and customer service.