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| Section | Objectives |
|---|---|
| Topic 1: E-Supply Chain Management | - Modern Fulfilment Tools and Applications in Supply Chain - Big Data and IoT in Supply Chain - Differences Between Logistics and Supply Chain Management - Warehouse Management System (WMS) - Information Flows and Information Systems Integration |
| Topic 2: Distribution and Operations Management | - Transport Management - Order Management - Stock Management - Introduction to Distribution Network - Warehouse Management |
| Topic 3: Major Supply Chain Issues: Sourcing Materials and Services | - Introduction to Global Supply Chain Management - Role of Logistics in Supply Chains - Inventory Management - Developing Productive Supplier Relationships in a Competitive Market - Major Challenges in Supply Chain Management Today |
| Topic 4: Demand Planning and Forecasting | - Issues and Trade-offs in Global Supply Chain Management - Revenue Management - Demand Forecasting and Purchase Price Variance (PPV) Savings - Integrated View of Procurement, Manufacturing and Operations Management - Supply Chain Issues for Short Life Cycle Products - Spreadsheet Newsvendor Models |
| Topic 5: Principles of Supply Chain Management & Logistics | - Supply Chain Processes - Introduction to Supply Chain Management - Management Components of Supply Chain Management - Factors Affecting Supply Chain Management |
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NEW QUESTION # 80
If your logistics fleet is short handed and you contract out some of your contracts you are exhibiting what part of SCM that can affect the outcomes?
Answer: B
Explanation:
Contracting transportation or logistics activities to an external specialist is an example of Third-Party Logistics (3PL) . A 3PL provider performs logistics functions on behalf of another organization, commonly including transportation, warehousing, distribution, freight management, order fulfillment, or combinations of these activities.
In the scenario, the company's own fleet lacks sufficient labor or operating capacity. Outsourcing part of the workload allows external logistics capacity to supplement the internal network. This can preserve customer service, increase flexibility, and avoid the immediate need to acquire vehicles or recruit additional permanent personnel. Third-party capacity can be particularly useful during peak demand, geographic expansion, temporary labor shortages, or network disruptions.
However, outsourcing also affects supply-chain outcomes because service reliability, freight cost, visibility, carrier performance, contractual controls, and customer experience may now depend partly on an external provider. Consequently, supplier selection and performance management become important governance activities.
Supply-chain literature specifically recognizes third-party logistics providers as an effective mechanism for managing transportation execution and capacity. The ACSCP curriculum likewise includes transportation and logistics as core functional areas.
Therefore, the correct answer is C. Third-Party Logistics .
Reference Topic: Logistics, Warehousing and Transportation Management - Third-Party Logistics, Outsourcing, and Transportation Capacity.
NEW QUESTION # 81
This area of supply chain management is important in knowledge-based work economy. Information on products is vital to every aspect of production.
Answer: C
Explanation:
The correct answer is Information . Supply-chain performance increasingly depends on the timely availability, accuracy, and dissemination of information across procurement, production, inventory, transportation, distribution, and customer-facing activities.
Production requires information about demand, product specifications, bills of materials, inventory availability, supplier status, schedules, capacity, quality requirements, and customer commitments. Without reliable information, even adequate physical resources can be poorly coordinated, resulting in shortages, overproduction, excess inventory, delayed shipments, and incorrect priorities.
In a knowledge-based economy, information therefore functions as a coordinating mechanism across the entire supply chain. It allows organizations to understand demand and supply trends, monitor changing conditions, make planning decisions, and synchronize activities between functional areas and business partners.
Supply-chain component literature explicitly states that information is crucial in a knowledge-based world economy and that organizations must remain informed about all aspects of their production and markets.
AAPSCM's ACSCP curriculum similarly includes information flows, information-system integration, modern fulfillment technologies, Big Data, IoT, and WMS within E-Supply Chain Management.
Reference Topic: Technology, Analytics and Digital Transformation - Supply Chain Information, Visibility, and Systems Integration.
NEW QUESTION # 82
When demand is steady, cycle inventory and lot size are related as