Global Supply Chain Coordination Flashcards
7 cards from real CIM practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Global Supply Chain Coordination flashcards as text
Which global trade compliance program allows pre-approved importers expedited customs clearance in the United States?
Answer: Customs-Trade Partnership Against Terrorism (C-TPAT)
C-TPAT is a voluntary public-private partnership program that certifies companies with secure supply chains for expedited customs processing.
A company's global supply chain has a Cash-to-Cash (C2C) cycle time of 90 days. What does this indicate?
Answer: The company takes 90 days from paying for inventory to collecting payment from customers
Cash-to-Cash cycle time measures the time between paying suppliers for inventory and receiving payment from customers, reflecting working capital efficiency.
What is 'dual sourcing' and why is it used in global supply chain management?
Answer: Purchasing the same item from two competing suppliers to ensure supply continuity and price competition
Dual sourcing uses two suppliers for the same item to reduce supply disruption risk and maintain competitive pricing through supplier competition.
In global supply chain coordination, what is a 'third-party logistics provider' (3PL)?
Answer: A company that provides outsourced logistics services including transportation, warehousing, and fulfillment
3PLs are external companies hired to manage some or all of a company's supply chain and logistics functions on an outsourced basis.
Which factor MOST directly contributes to inventory accuracy problems in global supply chains?
Answer: Lack of real-time visibility across international shipments and warehouse locations
Without real-time visibility into inventory positions across global locations and in-transit shipments, inventory records become inaccurate and unreliable.
What does 'postponement' strategy mean in a global supply chain context?
Answer: Deferring product differentiation or customization until the latest possible point in the supply chain
Postponement delays final product configuration or customization to reduce inventory risk and enable mass customization closer to the point of demand.
A US importer is evaluating a new supplier in a country with an active US Free Trade Agreement (FTA). What is the MAIN benefit?
Answer: Reduced or eliminated import tariffs on qualifying goods
Free Trade Agreements reduce or eliminate tariffs on goods that meet rules of origin requirements, lowering landed cost for qualifying imports.