MIB Global Supply Chain Management 2

Question 1

What is a 'third-party logistics provider' (3PL)?

Accepted Answer

An external firm that manages logistics operations on behalf of a company

Answer

A company that manufactures products for clients

Answer

A firm that outsources its own logistics to others

Answer

A government customs agency

Question 2

Which Incoterm places the maximum responsibility on the seller, who delivers goods to the buyer's named destination?

Accepted Answer

DDP (Delivered Duty Paid)

Answer

EXW (Ex Works)

Answer

FOB (Free on Board)

Answer

CIF (Cost, Insurance, Freight)

Question 3

What does 'total landed cost' include in international supply chain analysis?

Accepted Answer

Purchase price plus all costs to deliver goods to their final destination

Answer

Only the purchase price of goods

Answer

Transportation costs only

Answer

Duty and tariff costs only

Question 4

The concept of 'reshoring' in global supply chains involves:

Accepted Answer

Returning previously offshored production back to the home country

Answer

Moving production to lower-cost offshore locations

Answer

Outsourcing to near-neighbor countries

Answer

Expanding to new international markets

Question 5

Which supply chain strategy prioritizes speed and responsiveness over cost efficiency, suited for unpredictable demand?

Accepted Answer

Agile supply chain

Answer

Lean supply chain

Answer

Efficient supply chain

Answer

Hub-and-spoke supply chain

Question 6

What is 'postponement' as a global supply chain strategy?

Accepted Answer

Deferring product customization until the last possible moment

Answer

Delaying supplier payments

Answer

Postponing market entry decisions

Answer

Delaying inventory ordering cycles