A non-profit transportation membership cooperative that arranges for the domestic or international shipment of member's cargo over any mode of transportation is known as a(n):

A. freight bureau.

B. freight broker association.

C. shippers association.

D. integrated service provider.

A planning process specifically designed to balance demand and supply within an organization and arrive at a consensus forecast is known as:

A. advanced planning and scheduling (APS).

B. collaborative planning, forecasting, and replenishment (CPFR).

C. sales and operations planning (S&OP).

D. distribution requirements planning (DRP).

Which of the following outcomes is a potential advantage of operating an efficient reverse logistics process?

A. Provides competitive differentiation

B. Enables visibility throughout the supply chain

C. Improves the product life cycle

D. Reduces transportation costs

An ocean carrier's goal of maximizing total revenue of the entire ship by offering very competitive rates that cover their variable costs and then increasing rates according to what the traffic will bear is referred to as:

A. any-quantity service rate.

B. value of service rate.

C. limited service rate.

D. incentive rate.

Stockout frequency refers to:

A. the probability that a firm will not have inventory available to meet customer orders.

B. a single event where a firm will not have inventory available to meet customer orders.

C. the cost of sales that a firm will have when insufficientinventory is available to meetcustomer orders.

D. the percentage of days in which inventory necessary to meet customer orders is missing.

As a means to protect domestic industries, which of the following requirements is an example of a non-trade barrier?

A. Requesting a mandatory consular invoice

B. Utilizing Convention on International Sale of Goods (CISG)

C. Mandating compliance with triple bottom line (TBL)

D. Demanding process efficiency

The primary role of the World Trade Organization (WTO) is to:

A. establish an international system of payment.

B. stabilize international currency exchange rates.

C. enforce free trade on a global basis.

D. create global free trade agreements.

A company has a line haul cost between Point A and Point B of $5 per mile. The distance between the two points is 750 miles. What is the cost per hundredweight (cwt) for a shipment weighing 45.000 pounds?

A. $012

B. $5 00

C. $8.33

D. $9.00

A company is considering implementing collaborative planning, forecasting, and replenishment (CPFR). Which of the following statements best reflects one of the objectives of CPFR?

A. It represents a sequence of business processes between consumers and retailers.

B. It replaces traditional forecasting methods with a shared single forecast among trading partners.

C. It represents a sequence of business processes within the manufacturing environment.

D. It replaces traditional inventory management procedures with a vendor-managed inventory (VMI) system.

Random stocking can be greatly improved through the use of a(n):

A. advanced planning system (APS).

B. inventory management system (IMS).

C. transportation management system (TMS).

D. warehouse management system (WMS).

A company would like to implement a strategic initiative of enhancing its reverse logistics process. Which of the following statements best describes the profitability impact of such a strategy?

A. More profits due to higher return rate of customers

B. More profits due to larger volume of returned products

C. Less profits due to increase in investment costs

D. Less profits due to negative impact on brand image

While designing a logistics network, which of the following actions does a manager need to complete in order to identify the key logistics goals and perform benchmark analysis?

A. Define process steps

B. Conduct a supply chain audit

C. Examine network alternatives

D. Complete a facility location study