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CIPS L6M10 - Global Logistics Strategy

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Total 197 questions

How does advanced IT integration benefit client organizations in the context of reverse logistics?

A.

It reduces the need for collaboration and trust among entities.

B.

It simplifies the reverse logistics process by focusing on individual tasks.

C.

It allows organizations to avoid using 3PLs' best practices.

D.

It enhances flexibility, collaboration, and real-time information sharing.

What does the volume of product returns need to be in order to justify the resources allocated for reverse logistics activities?

A.

Sufficient to ensure low resource utilization

B.

Significantly high for scale economies

C.

A small percentage of total sales

D.

Only a fraction of total production

What unique characteristic of reverse logistics contributes to the challenges of determining an adequate quantity/volume to justify the expense of retrieving a product?

A.

Single supplier dependency

B.

Volatility in supply

C.

Low product variety

D.

Minimal storage requirements

In a return transaction within the reverse logistics process, who are the two primary participants?

    Customers

    Competitors

    Distributors

    Suppliers

A.

1 and 2

B.

2 and 3

C.

3 and 4

D.

1 and 4

What is the main focus of "green supply chain management"?

A.

Monitoring and improving environmental performance.

B.

Increasing profits through efficiency.

C.

Minimizing waste disposal costs.

D.

Maximizing product life cycles through remanufacturing.

Why are online returns a significant concern in reverse logistics?

A.

Online retailers lack returns systems.

B.

Online sales reduce returns.

C.

Online returns are increasing faster than counter sales.

D.

Customers rarely return online purchases.

Which of the following is NOT one of the three flows mentioned in the CSCMP definition of logistics?

A.

Materials

B.

Financials

C.

Information

D.

Human resources

Which law influences XYZ Manufacturing’s reverse logistics?

A.

Equal Pay Act

B.

Occupational Safety Act

C.

Clean Air Act

D.

Americans with Disabilities Act

Emma, a senior manager, is reviewing potential projects for her organization. She believes that reverse logistics initiatives are essential but fears that they might not be given the necessary priority compared to other projects. What concern does Emma have about the implementation of reverse logistics initiatives?

A.

Lack of government support

B.

Inadequate technological infrastructure

C.

Difficulty in recruiting skilled labor

D.

Reverse logistics not receiving the required priority from top management