Exam 15: Global Logistics and Distribution

In Japan, until early 1990s, the _____ gave small retailers and wholesalers disproportionate influence over the Japanese market by requiring firms planning to open a large store to submit their business plan to the local business regulation council, and other organizations.

_____ influences decisions regarding what activities and technologies a company should concentrate its investment and managerial resources in (in relation to its competitors in the industry).

Typical B2B procurement systems rely on auctions on a global basis.

All of the following factors contributed significantly to the increased complexity and cost of global logistics as compared to domestic logistics except:

Which of the following factors contribute significantly to the increased complexity and cost of global logistics as compared to domestic logistics?

_____ transportation refers to the seamless transfer of goods from one mode of transportation (such as an aircraft) to another (such as a ship) and vice versa without the hassle of unpacking and repackaging of goods to suit the dimensions of the mode of transportation being used.

_____ affects the company's decision about where to source and market, based on lower cost of labor and other resources in one country relative to another.

_____ usually provide tax- and duty-free treatment of production facilities whose output is meant to be exported.

_____ refers to coordinating production and distribution across geographic boundaries.

With electronic tracking technology, shippers are able to quickly react to any disruption in the shipments because the shipper knows where exactly the goods are in real time and:

As firms start operating on a global basis, _____ need to manage the shipping of raw materials, components, and supplies among various manufacturing sites at the most economical and reliable rates.

Wal-Mart is the largest retailer in the world.

In _____, store hours are limited and stores do not open on Sundays.

The trend toward third-party logistics is a result of the _____ and the _____.

The global logistics manager must understand the specific properties of the different modes of transportation in order to use them optimally.What are the most important factors in determining an optimal mode of transportation? List and briefly describe each of the factors.

The most important factors in determining an optimal mode of transportation for foreign markets are the value-to-volume ratio, perishability of the product, and:

The alternative rock band Pearl Jam uses FedEx to move their gear around for concerts.

Over time, core services may become a commodity.

By increasing _____ before imminent depreciation of a currency instead of holding cash, the firm may reduce its exposure to currency depreciation losses.

Sourcing strategy includes two basic choices.One of these is insourcing and the other is _____.