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NEW QUESTION # 13
James is a supply chain manager for ABC furniture manufacturing company. He is considering implementing reverse logistics practices to reduce waste and costs. Based on the provided scenario, which of the following statements is most accurate?
Answer: A
Explanation:
Reverse logistics is generally seen as a cost center requiring tight cost controls and waste reduction efforts. In this scenario, the supply chain manager is considering implementing reverse logistics practices to reduce waste and costs. [P-142]
NEW QUESTION # 14
What is a key factor that organizations need to consider when making decisions about the location of distribution centers (DC) as part of their global logistics strategy?
Answer: A
Explanation:
Decisions about distribution center locations must consider how they facilitate storage and transportation, affecting inventory flow and efficiency within the logistics operation. [P-6]
NEW QUESTION # 15
Five companies from different industries are participating in a sustainability summit where they discuss and share their approaches to integrating the triple bottom line (TBL), corporate social responsibility (CSR), and green logistics into their business operations. The companies include:
EcoElectronics Inc. - An electronic device manufacturing company with a focus on environmentally friendly products. The company is committed to reducing its carbon footprint by using recycled materials in its products and minimizing electronic waste.
SocialSolutions Ltd. - A consulting firm specializing in social impact initiatives and community development. Their commitment to social impact involves working closely with local communities, implementing initiatives that empower individuals, and fostering sustainable development.
ProfitablePharma Corp. - A pharmaceutical company committed to balancing financial success with social and environmental responsibility. Beyond financial profitability, the company places a high value on moral pharmaceutical practices. This includes ensuring affordable access to medications and minimizing environmental impact in the manufacturing process.
ModernTrans Logistics - A logistics company that specializes in sustainable and eco-friendly carriage solutions. The company invests in a modern and eco-friendly fleet, utilizing alternative fuels and optimizing routes to reduce emissions.
TechInnovate Innovations - A technology company striving to incorporate green practices in its supply chain and operations. Their commitment includes sourcing ethically produced raw materials and adopting energy-efficient manufacturing processes, minimizing environmental impact while driving innovation in the technology sector.
You are required, for each company, to align the primary focus area and recommend the key factor.
What is the primary focus area of EcoElectronics Inc.?
Primary Focus Areas:
Answer: B
Explanation:
EcoElectronics Inc. focuses on environmental responsibility by producing environmentally friendly electronic devices, reducing its carbon footprint, and minimizing electronic waste. [P 166-169]
NEW QUESTION # 16
What is one approach Sarah, an experienced exporter, can take to minimize the risk of disputes over the interpretation of an international sales contract?
Answer: D
Explanation:
To minimize disputes, Sarah should explicitly specify variations or additions to Incoterms in her contract to ensure clarity. [P-123]
NEW QUESTION # 17
James is a supply chain manager for ABC furniture manufacturing company. He is considering implementing reverse logistics practices to reduce waste and costs. Based on the scenario, which statement is most accurate?
Answer: D
Explanation:
Reverse logistics is often treated as a cost center, necessitating cost management and efficiency. [P-142]
NEW QUESTION # 18
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