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Global Logistics Strategy practice exam guide & L6M10 actual test cram

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CIPS L6M10 Exam Syllabus Topics:

Topic
Details

Topic 1

Assess the strategic factors that influence reverse logistics: This section measures the skills of Logistics Coordinators in comparing factors affecting the implementation of reverse logistics strategies. It discusses challenges such as lack of infrastructure, forecasting difficulties, and perceptions of reverse logistics as a cost rather than a value-addition opportunity.

Topic 2

Understand the concept of reverse logistics and its impact on global logistics strategy: This section measures the skills of the target audience in assessing strategic factors influencing reverse logistics, such as government policies, economic considerations, and environmental impacts. It emphasizes understanding how these factors affect reverse logistics planning. A key skill measured is evaluating sustainability strategies in reverse logistics.

Topic 3

Understand global governance of the supply chain: This section measures the skills of Compliance Officers in assessing the impact of international legislation on globalized supply chains. It includes understanding jurisdictional issues and legal considerations affecting trade across multiple countries. A key skill measured is evaluating legal frameworks governing international trade.

Topic 4

Understand the strategic logistical implications of globalization: This section measures the skills of Logistics Managers and focuses on evaluating the logistics challenges presented by globalization. It covers issues such as centralized versus regionalized inventory holdings, international logistics practices, and the impact of transportation pipelines on inventory costs. A key skill measured is identifying logistics challenges in a global context.

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CIPS Global Logistics Strategy Sample Questions (Q23-Q28):

NEW QUESTION # 23
The following five companies are dealing with the challenge of managing a product portfolio, catering to diverse customer segments across international territories. Each company manager is tasked with prioritizing specific focus areas and allocating resources to overcome challenges.
Company A: A grocery store chain frequently offers special promotions and discounts, significantly affecting ordering patterns. These volatile prices make it challenging to maintain a consistent revenue stream.
Company B: A growing e-commerce business experiencing increased shipping costs due to the rapid expansion of product offerings and customer base. To maintain profitability, they need to reduce costs.
Company C: A custom-made furniture manufacturer facing order processing delays, leading to longer lead times and increased customer complaints.
Company D: A manufacturer of high-demand electronic gadgets experiencing demand exceeding supply, requiring order rationing. Customers are frustrated due to errors in the rationing system and have attempted to game the system.
Company E: A global electronics manufacturer struggling to manage its complex supply chain across multiple regions. The company needs to leverage technology to improve efficiency and reduce operational costs.
Q: For Company B, what recommended action should the company manager take?
Answer Options:

A. Implementing automation and machine learning
B. Improving order accuracy
C. Handling price fluctuations
D. Leveraging economies of scale
E. Implementing order batching

Answer: D

Explanation:
To reduce costs, Company B should focus on leveraging economies of scale to achieve cost savings in logistics and operations. [P 166-169]

NEW QUESTION # 24
How does reverse logistics support repair and maintenance?

A. Moving products to end users for repair.
B. Irrelevant for repairs.
C. Sending goods back to manufacturers for repair.
D. Only applies to recycling.

Answer: C

Explanation:
Reverse logistics facilitates returning defective products to manufacturers for repair. [P-152]

NEW QUESTION # 25
Emma is a logistics manager for a company that collaborates with several third-party logistics (3PL) partners to manage its supply chain. She's working on establishing a mutually beneficial partnership. What issue does Emma need to address to ensure compatibility between her organization and its 3PL partners?

A. Flexibility of the 3PL partners
B. Compatibility between the organization and its contributing stakeholders
C. Innovation and adaptation strategies
D. Cost reduction initiatives

Answer: B

Explanation:
Emma must ensure compatibility between her organization, 3PL partners, and all contributing stakeholders to achieve an effective collaboration. [P-184]

NEW QUESTION # 26
In the context of logistics flows, what does the term "bi-directional" refer to?

A. Flows that can occur in both directions, from point of origin to point of consumption and vice versa.
B. Flows of materials and financials are interconnected.
C. Information flows only from upstream to downstream.
D. Goods flow from the point of origin to the point of consumption.

Answer: A

Explanation:
"Bi-directional" in the context of logistics flows refers to the fact that the flows of goods, information, and financials can occur in both directions: from the point of origin to the point of consumption (forward flow), and from the point of consumption to the point of origin (reverse flow). [P-139]

NEW QUESTION # 27
What explains the growing influence of reverse logistics?

A. Rise in returns and economic/environmental factors.
B. Stricter transportation regulations.
C. Need to reduce operational costs.
D. Complexity of forward logistics.

Answer: A

Explanation:
Increased returns and factors like legislation drive reverse logistics adoption. [P-149]

NEW QUESTION # 28
......

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