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  5. Global Logistics Strategy Questions and Answers

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Questions # 51:

What is the significance of end-to-end integration in capturing efficiencies from new technologies?

Options:
A.

It reduces the need for global logistics

B.

It allows companies to focus solely on domestic markets

C.

It increases production costs

D.

It helps companies realize the full potential of new technologies in production and logistics

Expert Solution
Questions # 52:

How has the nature of competition in today's globalized markets evolved?

Options:
A.

Competition is supply chain versus supply chain, rather than company versus company

B.

Competition is limited to domestic markets

C.

Competition is now primarily between companies within the same industry

D.

Competition is no longer a significant factor in global markets

Expert Solution
Questions # 53:

An organization with a cost leadership strategy is considering choosing a supply partner. What is the trade-off that this organization needs to consider?

Options:
A.

A trade-off between cost margins and compensation claims

B.

A trade-off between cost efficiency and responsiveness

C.

A trade-off between digital platforms and Lean processes

D.

A trade-off between robotics and batch processes

Expert Solution
Questions # 54:

A company is experiencing difficulties in managing supply chain complexity and information flow across multiple tiers of suppliers. Which strategy can help them address these challenges?

Options:
A.

Eliminating all lower-tier suppliers

B.

Implementing layering and tiering in the supply chain network

C.

Increasing the use of subcontractors

D.

Focusing on competitive relationships with suppliers

Expert Solution
Questions # 55:

What is the primary focus of managing transportation in the context of global logistics?

Options:
A.

Minimizing transportation costs

B.

Directly contacting customers or end users during transportation

C.

Creating opportunities for improving operational systems

D.

Maximizing the value of transportation assets

Expert Solution
Questions # 56:

What is a key benefit of increasing supply chain visibility?

Options:
A.

Receiving real-time information about supply chain performance

B.

Minimizing the role of digital technology

C.

Reducing the need for dual sourcing

D.

Eliminating the need for strategic planning with supply partners

Expert Solution
Questions # 57:

A procurement professional is tasked with optimizing the global pipeline for a multinational organization. They want to eliminate non-value-adding processes and improve efficiency. What technique should they consider using?

Options:
A.

Increasing the number of supply partners

B.

Value stream mapping

C.

Implementing cloud-based technologies

D.

Conducting physical visits to suppliers

Expert Solution
Questions # 58:

What forms can governmental incentives take to encourage investment in infrastructure and export industries in a region?

Options:
A.

Grants and subsidies

B.

Tax credits and tax rebates

C.

Tax holidays and investment allowances

D.

All of the above

Expert Solution
Questions # 59:

What is the primary challenge addressed by a global logistics strategy?

Options:
A.

Navigating the world trade system effectively

B.

Managing and upgrading logistics and distribution channels

C.

Competing in the global market

D.

Maximizing profitability through cost-effective execution of orders

Expert Solution
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