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NEW QUESTION # 124
John is the supply chain manager for a well-established clothing brand that has been in the market for many years. The brand is looking to optimize its manufacturing processes to improve profit margins. Considering the life cycle of the clothing brand's products, which factor is likely to become more important in the later phases?
Answer: C
Explanation:
As products progress through their life cycle, particularly in later phases, the focus shifts towards cost efficiency to optimize profit margins and reduce expenses. [P-184]
NEW QUESTION # 125
A manufacturing company is considering outsourcing its logistics and supply chain management operations to a third-party service provider. They want to focus on business development and sales. Which of the following advantages is most likely to attract the company to using a third-party logistics (3PL) provider?
Answer: A
Explanation:
3PL providers offer cost savings and require low capital investment, allowing companies to focus on core activities like business development. [P-97]
NEW QUESTION # 126
Sarah, a supply chain manager, is considering implementing a reverse logistics strategy in her organization. She's concerned about potential obstacles that might hinder its success. She believes that a lack of resources and expertise might be a challenge. What potential barrier is Sarah worried about when implementing a reverse logistics strategy?
Answer: A
Explanation:
Sarah is concerned that there might be a lack of knowledgeable and expert human resources required to develop, execute, and manage the required reverse logistics program. This aligns with the option "No infrastructure and insufficient resources." [P-182]
NEW QUESTION # 127
ABC company is considering adopting practices to reduce carbon consumption and emissions. Which term aligns with their environmental goals?
Answer: A
Explanation:
Green logistics specifically targets reducing carbon emissions in production and transportation. [P-144]
NEW QUESTION # 128
Five companies from different industries are participating in a sustainability summit where they discuss and share their approaches to integrating the triple bottom line (TBL), corporate social responsibility (CSR), and green logistics into their business operations. The companies include:
EcoElectronics Inc. - An electronic device manufacturing company with a focus on environmentally friendly products. The company is committed to reducing its carbon footprint by using recycled materials in its products and minimizing electronic waste.
SocialSolutions Ltd. - A consulting firm specializing in social impact initiatives and community development. Their commitment to social impact involves working closely with local communities, implementing initiatives that empower individuals, and fostering sustainable development.
ProfitablePharma Corp. - A pharmaceutical company committed to balancing financial success with social and environmental responsibility. Beyond financial profitability, the company places a high value on moral pharmaceutical practices. This includes ensuring affordable access to medications and minimizing environmental impact in the manufacturing process.
ModernTrans Logistics - A logistics company that specializes in sustainable and eco-friendly carriage solutions. The company invests in a modern and eco-friendly fleet, utilizing alternative fuels and optimizing routes to reduce emissions.
TechInnovate Innovations - A technology company striving to incorporate green practices in its supply chain and operations. Their commitment includes sourcing ethically produced raw materials and adopting energy-efficient manufacturing processes, minimizing environmental impact while driving innovation in the technology sector.
You are required, for each company, to align the primary focus area and recommend the key factor.
Q: What is the primary focus area of SocialSolutions Ltd.?
Answer: B
Explanation:
SocialSolutions Ltd. is a consulting firm specializing in social impact and community development, making "Social Impact" their priority area. [P 166-169]
NEW QUESTION # 129
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