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INTE Exam Dumps - Supply Management Integration

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Question # 41

Which of the following refers to the exporting of a product by a country or company at a price that is lower in the foreign importing market than the price charged in the exporter's domestic market?

A.

Short selling

B.

Dumping

C.

Hedging

D.

Recovery

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Question # 42

A specialized sewing shop quilts fabrics for use in upholstered furniture. Various patterns are produced on different machines, each of which has its own set-up routine. At times, one type of machine is idle while others are backed up. The sewing floor supervisor finds new software which makes the machines' patterns interchangeable. Which of the following is the MOST likely result of upgrading to the new software?

A.

Decreased cycle time and increased set up costs

B.

Increased productivity and decreased cycle time

C.

Increased equipment costs and reduced inventory

D.

Reduced inventory and increased productivity

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Question # 43

Which of the following modes of transportation BEST promotes international trade and offers a low cost option fortransporting large quantities of product?

A.

O Pipeline

B.

O Motor carriage

C.

O Rail

D.

Marine

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Question # 44

Which of the following refers to a computer-based system that determines the purchase requisition requirements that go into the manufacture of end items, and addresses an organization's operational, financial and marketing strategies?

A.

Electronic data interchange (EDI)

B.

Material requirements planning (MRP)

C.

Distribution requirements planning (DRP)

D.

Manufacturing resource planning (MRP II)

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Question # 45

A large retailer and one of its suppliers establish a process to combine intelligence from both organizations in order to improve product availability while reducing inventory, transportation, and logistics costs. This process is known as which of the following?

A.

Vendor-managed inventory

B.

Collaborative planning, forecasting and replenishment

C.

Sales and operations planning

D.

Enterprise resource planning

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Question # 46

A manufacturer of gardening products has many international suppliers. Because of extended lead-times and logistical concerns, it is critical that the company provides accurate seasonal demand planning data to its suppliers. Given this situation, which of the following types of feedback from the supplier would be MOST critical to the manufacturer?

A.

Price increases on key components

B.

Anticipated production schedules and capacity planning

C.

Notification of any constraints to meeting demands

D.

Planned delivery schedules

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Question # 47

Which of the following is the FIRST stage in the Retail Event Collaboration Process Overview (VICS CPFR Model)?

A.

Execution

B.

Strategy and planning

C.

Analysis

D.

Demand and supply management

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Question # 48

A company logistics manager is informed that, because of an emergency, part of the firm's ocean-going cargo had to be thrown overboard. The losses are to be split 50/50 between the shipper and the freight company. Which of the following pertains MOST closely to this issue?

A.

Incoterms® 2020 rules

B.

Maritime law

C.

Reverse logistics

D.

International law

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