CIM Global Supply Chain Coordination 4

Question 1

Which global trade compliance program allows pre-approved importers expedited customs clearance in the United States?

Accepted Answer

Customs-Trade Partnership Against Terrorism (C-TPAT)

Answer

C-TPAT is a voluntary public-private partnership program that certifies companies with secure supply chains for expedited customs processing.

Question 2

A company's global supply chain has a Cash-to-Cash (C2C) cycle time of 90 days. What does this indicate?

Accepted Answer

The company takes 90 days from paying for inventory to collecting payment from customers

Answer

Cash-to-Cash cycle time measures the time between paying suppliers for inventory and receiving payment from customers, reflecting working capital efficiency.

Question 3

What is 'dual sourcing' and why is it used in global supply chain management?

Accepted Answer

Purchasing the same item from two competing suppliers to ensure supply continuity and price competition

Answer

Dual sourcing uses two suppliers for the same item to reduce supply disruption risk and maintain competitive pricing through supplier competition.

Question 4

In global supply chain coordination, what is a 'third-party logistics provider' (3PL)?

Accepted Answer

A company that provides outsourced logistics services including transportation, warehousing, and fulfillment

Answer

3PLs are external companies hired to manage some or all of a company's supply chain and logistics functions on an outsourced basis.

Question 5

Which factor MOST directly contributes to inventory accuracy problems in global supply chains?

Accepted Answer

Lack of real-time visibility across international shipments and warehouse locations

Answer

Without real-time visibility into inventory positions across global locations and in-transit shipments, inventory records become inaccurate and unreliable.

(CIM) Certified Inventory Manager Practice Test

(CIM) Certified Inventory Manager Practice Test

CIM Global Supply Chain Coordination 4