Pass CIPS L6M10 Test | Test L6M10 Pdf
Pass CIPS L6M10 Test | Test L6M10 Pdf
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CIPS L6M10 Exam Syllabus Topics:
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CIPS Global Logistics Strategy Sample Questions (Q193-Q198):
NEW QUESTION # 193
Which of the following is NOT a way in which reverse logistics creates value for organizations?
- A. Recovering value from used/returned goods
- B. Increasing product life cycles
- C. Obtaining feedback for product improvements
- D. Reducing customer satisfaction and loyalty
Answer: D
Explanation:
Reverse logistics enhances customer satisfaction by addressing returns and repairs, rather than reducing loyalty. [P-139]
NEW QUESTION # 194
What does waste reduction refer to in manufacturing and consumption processes?
- A. Reducing the need for reverse logistics.
- B. Reducing the use of resources.
- C. Reducing the production of goods.
- D. Reducing the number of reworks and scrapped items.
Answer: D
Explanation:
Waste reduction in manufacturing and consumption processes refers to actions taken to decrease the amount of waste produced, such as reducing the number of reworks and scrapped items. [P-143]
NEW QUESTION # 195
What is the practice of following precedence in national legal systems called in Common Law?
- A. Stare decisis
- B. Jurisprudence constant
- C. Judicial creativity
- D. Rule of law
Answer: A
Explanation:
In Common Law, the principle of following legal precedence is known as stare decisis. [P-119]
NEW QUESTION # 196
Which of the following methods help reduce price and currency fluctuations in a global supply chain? (Select all that apply)
- A. Currency choice
- B. Supply chain optimization
- C. Just-in-time inventory
- D. Currency options
Answer: A,D
Explanation:
There are five methods for reducing price and currency fluctuations in a global supply chain. Among these methods, the following two are mentioned:
Currency choice: Setting transaction pricing in the currency of the buyer to transfer foreign exchange risk to the customer.
Currency options: Buying contracts that give the organization the right to buy or sell currency at an agreed price within a specific time period, reducing the risk of unfavorable fluctuations.
The other options (B and C) are not mentioned as methods for reducing currency fluctuations in the text. [P-21]
NEW QUESTION # 197
The following five companies are dealing with the challenge of managing a product portfolio, catering to diverse customer segments across international territories. Each company manager is tasked with prioritizing specific focus areas and allocating resources to overcome challenges.
Company A: A grocery store chain frequently offers special promotions and discounts, significantly affecting ordering patterns. These volatile prices make it challenging to maintain a consistent revenue stream.
Company B: A growing e-commerce business experiencing increased shipping costs due to the rapid expansion of product offerings and customer base. To maintain profitability, they need to reduce costs.
Company C: A custom-made furniture manufacturer facing order processing delays, leading to longer lead times and increased customer complaints.
Company D: A manufacturer of high-demand electronic gadgets experiencing demand exceeding supply, requiring order rationing. Customers are frustrated due to errors in the rationing system and have attempted to game the system.
Company E: A global electronics manufacturer struggling to manage its complex supply chain across multiple regions. The company needs to leverage technology to improve efficiency and reduce operational costs.
Q: For Company C, what recommended action should the company manager take?
Answer Options:
- A. Handling price fluctuations
- B. Leveraging economies of scale
- C. Implementing order batching
- D. Improving order accuracy
- E. Implementing automation and machine learning
Answer: C
Explanation:
To reduce order delays, Company C should implement order batching to streamline order processing and improve efficiency. [P 166-169]
NEW QUESTION # 198
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