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CIPS Global Logistics Strategy Sample Questions (Q72-Q77):
NEW QUESTION # 72
Jane, a supply chain manager, is attending a seminar on reverse logistics. She is curious about the factors contributing to the increasing influence of reverse logistics. Which of the following options best explains the reasons for this growing influence?
- A. The increasing complexity of forward logistics operations.
- B. The implementation of stricter regulations on transportation and supply chain management.
- C. The rise in product returns and various economic, environmental, and social factors.
- D. The need for organizations to reduce their operational costs.
Answer: C
Explanation:
The growing influence of reverse logistics is primarily attributed to the increase in product returns and various factors such as economic, marketing, environmental, legislative, and social aspects. [P-149]
NEW QUESTION # 73
Which is an external factor influencing reverse logistics?
- A. Employee satisfaction
- B. Technological advancements
- C. Government regulations
- D. Internal audit procedures
Answer: C
Explanation:
External factors include government regulations mandating environmental compliance. [P-173]
NEW QUESTION # 74
What are the four categories in which reverse logistics systems can be classified, according to De Brito and Dekker?
Product recovery systems, reverse logistics systems
Distribution channels, financial systems
Product return networks, enterprise returns management systems
Resource management systems, customer service networks
- A. 1 and 3
- B. 3 and 4
- C. 1 and 2
- D. 2 and 4
Answer: A
Explanation:
Reverse logistics systems can be classified into four categories: product recovery systems, reverse logistics systems, product return networks, and enterprise returns management systems. [P-140]
NEW QUESTION # 75
In the context of managing an extended transportation pipeline, what is the primary concern associated with implementing a "just in time" (JIT) inventory system?
- A. Increasing the risk of disruptions if material flow or labor is interrupted
- B. Reducing the cost of inventory holding
- C. Minimizing the reliance on warehousing and storage
- D. Reducing transportation costs through last-minute logistics planning
Answer: A
Explanation:
JIT inventory systems reduce storage costs but increase vulnerability to supply chain disruptions due to material flow or labor interruptions. [P-13]
NEW QUESTION # 76
What forms can governmental incentives take to encourage investment in infrastructure and export industries in a region?
- A. All of the above
- B. Grants and subsidies
- C. Tax holidays and investment allowances
- D. Tax credits and tax rebates
Answer: A
Explanation:
Governmental incentives can take multiple forms, including grants, subsidies, tax credits, tax rebates, tax holidays, and investment allowances to promote infrastructure and export growth. [P-53]
NEW QUESTION # 77
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