CIM Global Supply Chain Coordination 5

Question 1

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

Accepted Answer

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

Answer

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

Question 2

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

Accepted Answer

Internet of Things (IoT) enabled tracking

Answer

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

Question 3

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

Accepted Answer

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

Answer

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.

Question 4

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

Accepted Answer

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

Answer

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

Question 5

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

Accepted Answer

Carbon emissions per unit shipped across the supply chain

Answer

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

(CIM) Certified Inventory Manager Practice Test

(CIM) Certified Inventory Manager Practice Test

CIM Global Supply Chain Coordination 5