Supply chain disruption review

Which is an example of a moral issue that may affect a sourcing decision?

• A labor strike

• Federal regulations

• The use of child labor

• Tariffs

Why is it important to be very specific in the product description when sourcing from a foreign country?

• Differences in Quality Standards

• Cultural differences

• Language barriers

• Pricing

What is the number 1 reason U.S. companies source offshore?

• Lead Time

• Price

• Quality

• Trade Balance

What government action may increase the cost of importing certain goods from a specific country?

• Labor Strike

• The carbon Footprint

• Drought

• Tariffs

What is usually the primary factor influencing a decision to source onshore?

• Trade Balance

• Lead Time

• Patriotism

• Unforseen circumstances

Which is the most likely way companies mitigate the possibility of an unforeseen supply disruptions?

• Mantaine a reserve inventory

• Buy Insurance

• Cease Operation

• Outsource

How is lead time measured?

•        

  From delivery to production of finished goods

• From time of order until shipped from origin

• From time of order until its delivery

• The time needed to manufacture

What is NOT an example of an unforeseen circumstance?

• Drought

• Floods

• Labor Strike

• Laws

What is a breakdown in the production or distribution of commodities in the supply chain? (it’s what your project was about)

• Procurement management

• Sourcing analysis

• Supply Chain Disruption

• Globall logistics

What caused massive supply chain disruptions in Japan?

• A drought

• A Labor Strike

• An earthquake and subsequent tsunami

• Floods