CIPS L6M10 - Global Logistics Strategy
A multinational corporation is considering expanding its operations to low-wage economies in developing countries to reduce labor costs and gain access to proprietary knowledge. Which of the following best describes this strategy?
A company is experiencing an increase in customer orders for a particular product, which exceeds the forecasted demand. What stage within the supply chain network activities is most relevant for addressing this situation?
What are potential causes of transportation and/or pipeline breakdowns? (Select all that apply)
What does the consideration of "health and safety for the movement of hazardous material" and "security where a product is of high value and low weight" fall under in the selection of a suitable mode of transport?
A procurement professional is tasked with optimizing logistics processes for an organization where extended transportation pipelines are causing concerns about product obsolescence and increased inventory holding costs. What strategy might the procurement professional consider?
ABC company operates in the global supply chain and wants to manage price and currency fluctuations effectively. Which surcharge could help them account for difficulties in navigating poor infrastructure, backlogs, and delays in transportation?
What is the primary focus of managing transportation in the context of global logistics?
How has the nature of competition in today's globalized markets evolved?
When selecting a location for logistics and supply chain operations, what are the key factors that an organization must consider? (Select all that apply)
What is the primary purpose of adopting a strategy of "localisation" in global logistics?
