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New L6M10 Real Exam & Latest L6M10 Practice Questions
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Latest L6M10 Practice Questions | L6M10 Latest Dump
Our CIPS L6M10 practice exam simulator mirrors the CIPS L6M10 exam experience, so you know what to anticipate on Global Logistics Strategy day. Our CIPS L6M10 practice test software features various question styles and levels, so you can customize your CIPS L6M10 Exam Questions preparation to meet your needs.
CIPS Global Logistics Strategy Sample Questions (Q52-Q57):
NEW QUESTION # 52
What are the four categories in which reverse logistics systems can be classified, according to De Brito and Dekker?
- A. 2 and 4
- B. 1 and 2
- C. 1 and 3
- D. 3 and 4
Answer: C
Explanation:
The categories are product recovery systems, reverse logistics systems, product return networks, and enterprise returns management systems. [P-140]
NEW QUESTION # 53
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.
Each company must also take recommended actions to address its primary challenge.
Q: For Company A, what recommended action should the company manager take?
Answer Options:
- A. Implementing order batching
- B. Handling price fluctuations
- C. Leveraging economies of scale
- D. Implementing automation and machine learning
- E. Improving order accuracy
Answer: B
Explanation:
To address price volatility, Company A should focus on handling price fluctuations through better pricing strategies and demand forecasting. [P 166-169]
NEW QUESTION # 54
In the context of logistics flows, what does the term "bi-directional" refer to?
- A. Information flows only from upstream to downstream.
- B. Flows of materials and financials are interconnected.
- C. Flows that can occur in both directions, from point of origin to point of consumption and vice versa.
- D. Goods flow from the point of origin to the point of consumption.
Answer: C
Explanation:
Bi-directional flows involve movement in both forward (origin to consumption) and reverse (consumption to origin) directions, supporting processes like returns and feedback. [P-139]
NEW QUESTION # 55
Which technology is increasingly being used in storage and handling systems to manage material flows and operations efficiently?
- A. Paper-based systems
- B. Manual labor
- C. Traditional inventory management software
- D. Artificial intelligence (AI) and machine learning
Answer: D
Explanation:
AI and machine learning enhance efficiency in storage and handling by automating decision-making and optimizing material flows. [P-9]
NEW QUESTION # 56
Which international convention is known as the Vienna Convention and covers the contract of sale between an exporter and an importer?
- A. Warsaw Convention
- B. Economic Commission of West African States (ECOWAS)
- C. International Chamber of Commerce rules and terms of trade
- D. United Nations Conventions on Contracts for the International Sale of Goods (CISG)
Answer: D
Explanation:
The Vienna Convention refers to the United Nations Convention on Contracts for the International Sale of Goods (CISG), which governs international sales contracts. [P-118]
NEW QUESTION # 57
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