Logistic

How many kinds of INCOTERMS

• 8

• 11

• 10

• 7

How many steps are in the shipping process?

• 6

• 8

• 7

• 5

Which of the following is NOT a common reason for customs delays?

• Increase in demand for goods

• Incomplete or inaccurate documentation

• Packaging issues

• Port and airport congestion

What are some factors that can impact shipping routes?

• Market competition

   

• Technological advancements

• Economic fluctuations

• Natural disasters

What does the second stage of the shipping process determine?

• The cost and risk involved in transportation

• The type of goods being transported

• The responsibilities of the seller

• The communication and operations efficiency

What are some potential consequences of customs delays and shipping route disruptions?

• Shorter waiting times for vessels

• Increased storage costs

• Lower freight rates

• Decreased supply chain flexibility

What is one recommended approach to deal with uncertainty in shipping?

• Exclude buffer time in shipment plans

• Ignore potential risks caused by port congestion

• Send shipments to congested ports

• Stay up-to-date with industry information

What is the purpose of safety stock management?

• To increase overall inventory levels

• To avoid running out of crucial items during unexpected high demand

• To minimize storage expenses

• To categorize inventory based on value and demand

What is one solution to address delays and errors caused by communication issues?

• Limit access to order status updates

• Avoid having regular meetings

• Schedule daily or weekly meetings

• Use multiple communication platforms

What is one strategy for building supply chain resilience?

• Decreasing supply chain visibility

• Diversifying suppliers

• Concentrating suppliers from a single source

• Avoiding contingency plans