Scmn 3150 Test 3 Gibson Already Passed

How can they protect themselves against such problems? (3) {Ans: 1. Damage prevention: proper packaging (waterproofing), international markings 2. Limit theft opportunities: Avoid high risk routs, congested ports, unknown carriers, and blatant marketing on cartons 3. Manage financial risk: Use appropriate INCOTERMS and purchase insurance}When a retailer sources goods to sell under its own name, what type of goods are they offering? {Ans: Private label goods}What are the critical success factors for documentation? (5) {Ans: 1. Right documents 2. Avalible prior to shipment 3. Accuracy 4. Impacts application of tariffs 5. Errors create delays and costs}In a global sourcing situation, which costs are likely to increase due to the greater amount of in-transit materials and the greater need for safety stock? {Ans: Inventory carrying costs}What risks do organizations face as freight moves through global supply chains? (7) {Ans: 1. Theft & piracy 2. Water damage 3. Handling & storage issues 4. Fortuitous losses 5. Contamination of cargo by other cargo 6. Stowaways pilfer or contaminate cargo 7. Poor port handling due to inadequate equipment}C terms {Ans: Main Carriage Paid CFR, CIF, CPI, CIP Seller responsible for getting goods through port of export, and delivered