Scmn 3150 Final Study Guide Graded A+

What are key trends in global transportation rates? {Ans: -Service Rationalization -High demand for US bound equipment -Mergers and acquisitions -Net Impact, the pricing pendulum has swung in favor of carriers. -Reduced Capacity higher rates.}What is the purpose of global sourcing? What costs must be compared when considering global sourcing? {Ans: a. Aims to leverage global efficiencies in the creation of a product or service. The focus is on saving money. b. Materials Cost, Trans Cost, Inventory Carrying Cost, Cross-border taxes, tariffs, and duty costs, supply and operational performance, Supply and operational risk.}Why is documentation so important in global transactions? What are the primary documents used in global trade? {Ans: It drives the entire export process, provides for accuracy, ownership etc.}Why is port selection so critical? {Ans: It directly affects how well your goods flow efficiently and seamlessly through the supply chain. It can also minimize risk of damage, theft, and long lead times.}How is global SCM different from domestic SCM? How does globalization impact day-to-day? {Ans: a. As SCM globalization occurs the supply chain size and complexity grows dramatically. Challenges include Language, Currency Issues, Regulation, and Security. Greater distance, Extensive, Product handling, shipment visibility