CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
Inspirational journeys
Follow the stories of academics and their research expeditions
APICS Certified Supply Chain Professional CSCP new Practice Questions 2023 - Part 21
1. A company is aggressively pursuing improvements in the financial performance of its supply chain. The company should first focus its efforts on which of the following metrics?
A) Process takt time
B) Cycle count accuracy
C) Number of inventory turns
D) Number of first-tier suppliers
2. A company develops annual forecasts for key products and enters into annual contracts with key suppliers based on the forecasts. Which of the following benefits would the company most likely receive from this approach?
A) Shorter delivery lead times
B) Lower prices
C) Improved service
D) Higher-quality products
3. A company has applied lean thinking and tools to its internal operations over the last several years. The company is now concerned about its ability to recover from a supply disruption. Which of the following actions would be most appropriate for the company to take to increase its resiliency?
A) Arrange for multiple sources for key components.
B) Maintain 1 week×?â?¬â?¢s supply of safety stock for key components.
C) Require the suppliers of key components to maintain safety stock.
D) Add capacity to enable quick recovery from a disruption.
4. Which of the following outcomes is achieved through the reduction in the number of a firm's suppliers?
A) Supplier operational integration
B) Supply localization
C) Volume consolidation
D) Value management
5. Which of the following tools would help a team of operators to prioritize probable causes of equipment failures?
A) Brainstorming
B) Control chart
C) Pareto chart
D) Process flowchart
A) Process takt time
B) Cycle count accuracy
C) Number of inventory turns
D) Number of first-tier suppliers
2. A company develops annual forecasts for key products and enters into annual contracts with key suppliers based on the forecasts. Which of the following benefits would the company most likely receive from this approach?
A) Shorter delivery lead times
B) Lower prices
C) Improved service
D) Higher-quality products
3. A company has applied lean thinking and tools to its internal operations over the last several years. The company is now concerned about its ability to recover from a supply disruption. Which of the following actions would be most appropriate for the company to take to increase its resiliency?
A) Arrange for multiple sources for key components.
B) Maintain 1 week×?â?¬â?¢s supply of safety stock for key components.
C) Require the suppliers of key components to maintain safety stock.
D) Add capacity to enable quick recovery from a disruption.
4. Which of the following outcomes is achieved through the reduction in the number of a firm's suppliers?
A) Supplier operational integration
B) Supply localization
C) Volume consolidation
D) Value management
5. Which of the following tools would help a team of operators to prioritize probable causes of equipment failures?
A) Brainstorming
B) Control chart
C) Pareto chart
D) Process flowchart
1. Right Answer: C
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: D
Explanation:
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: D
Explanation:
Tags:
certified management business standard web supply chain process concept quality industry organization guarantee warehouse storage audit factory company digital system guidelines requirement technology legal order export worker law manufacturing tablet office data corporate best import display compliant instruction compliance regulation mockup monitor agency policy table computer screen logistics regulatory administration supply0 Comments
Categories
Recent posts
CA Foundation Business Economics Questions 2023 - Part 31
Fri, 03 Mar 2023
CA Foundation Business Economics Questions 2023 - Part 30
Fri, 03 Mar 2023
Leave a comment