Question 1

What is the primary focus of the codification approach to supply chain knowledge management?

Options :

A : Extracting knowledge from individuals

B : Making knowledge available centrally

C : Documenting historical data

D : Personalizing knowledge access

Answer: B

Question 2

A procurement professional is tasked with optimizing the global pipeline for a multinational organization. They want to eliminate non-value-adding processes and improve efficiency. What technique should they consider using?

Options :

A : Implementing cloud-based technologies

B : Conducting physical visits to suppliers

C : Value stream mapping

D : Increasing the number of supply partners

Answer: C

Question 3

What does the consideration of "health and safety for the movement of hazardous material" and "security where a product is of high value and low weight" fall under in the selection of a suitable mode of transport?

Options :

A : Consignment factors

B : Operational factors

C : Transport mode characteristics

D : Cost and service requirements

Answer: A

Question 4

What forms can governmental incentives take to encourage investment in infrastructure and export industries in a region?

Options :

A : Tax credits and tax rebates

B : Grants and subsidies

C : All of the above

D : Tax holidays and investment allowances

Answer: C

Question 5

What does waste reduction refer to in manufacturing and consumption processes?

Options :

A : Reducing the production of goods.

B : Reducing the use of resources.

C : Reducing the number of reworks and scrapped items.

D : Reducing the need for reverse logistics.

Answer: C