Global Supply Chain Coordination Flashcards

What is the primary challenge of implementing Just-in-Time (JIT) inventory in a global supply chain?

Answer: Long and variable international lead times make it difficult to receive goods precisely when needed

JIT requires predictable, short lead times, which are difficult to achieve with international suppliers due to ocean transit times and customs variability.

Which supply chain visibility tool uses sensors and GPS to track goods throughout the international supply chain?

Answer: Internet of Things (IoT) enabled tracking

IoT devices with GPS and environmental sensors provide real-time location and condition monitoring for goods throughout the global supply chain.

In global supply chain risk management, what is a 'single point of failure'?

Answer: A component, supplier, or node whose failure would halt the entire supply chain

A single point of failure is any element in the supply chain with no backup or alternative, making it capable of shutting down the entire operation if it fails.

What is the significance of HS codes (Harmonized System codes) in global supply chain management?

Answer: They classify products for customs purposes to determine applicable duties and trade regulations

HS codes are internationally standardized numerical codes that classify traded products and determine applicable tariff rates and regulatory requirements.

A global company wants to measure supply chain sustainability. Which metric is MOST relevant?

Answer: Carbon emissions per unit shipped across the supply chain

Carbon emissions per unit shipped is a direct measure of the environmental impact of supply chain operations and a key sustainability KPI.

What is 'supply chain visibility' and why is it critical for global inventory coordination?

Answer: Real-time access to information about inventory levels, shipment status, and supplier capacity across the supply chain

Supply chain visibility provides real-time data across all nodes and tiers, enabling proactive decision-making and faster response to disruptions.

Which global sourcing challenge is specifically associated with 'total cost of ownership' (TCO) analysis?

Answer: Identifying all direct and indirect costs beyond purchase price to make accurate sourcing decisions

TCO analysis captures all costs associated with sourcing, including purchase price, freight, duties, quality costs, and supply risk costs, for accurate comparison.