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 29
1. A company wants to improve its transportation strategy to focus on its core manufacturing competence and reduce costs. Which of the following options is most likely to enable the company to achieve its objectives?
A) Implement a transportation management system (TMS)
B) Transition to leased transportation equipment
C) . Engage a third-party logistics (3PL) company
D) Redesign the distribution network
2. Which of the following criteria are important when establishing a warehouse distribution system?
A) Cost of the overall system and service level desired
B) Material and handling costs and proximity to customers
C) Transportation costs and material handling costs
D) Service level desired and local presence
3. Which of the following objectives is emphasized most in an integrated logistics strategy?
A) Lowest transportation cost
B) Lowest total cost
C) Optimal warehouse location
D) Improved third-party logistics (3PL) collaboration
4. Which of the following types of competitive strategies most likely will be effective for an industry in which the product is a standardized commodity?
A) Low-cost leadership
B) Best-cost provider
C) Broad differentiation
D) Aligning partner performance based on channel-master requirements
E) Focused differentiation
5. Overall supply chain risk may be increased by implementing which of the following strategies?
A) Single sourcing a product that makes the highest annual profit
B) Outsourcing products that are not well suited to a company×?â?¬â?¢s operations
C) Identifying multiple sources for a product with the potential for supply chain disruption
D) Internally manufacturing products with high levels of technical intellectual property
A) Implement a transportation management system (TMS)
B) Transition to leased transportation equipment
C) . Engage a third-party logistics (3PL) company
D) Redesign the distribution network
2. Which of the following criteria are important when establishing a warehouse distribution system?
A) Cost of the overall system and service level desired
B) Material and handling costs and proximity to customers
C) Transportation costs and material handling costs
D) Service level desired and local presence
3. Which of the following objectives is emphasized most in an integrated logistics strategy?
A) Lowest transportation cost
B) Lowest total cost
C) Optimal warehouse location
D) Improved third-party logistics (3PL) collaboration
4. Which of the following types of competitive strategies most likely will be effective for an industry in which the product is a standardized commodity?
A) Low-cost leadership
B) Best-cost provider
C) Broad differentiation
D) Aligning partner performance based on channel-master requirements
E) Focused differentiation
5. Overall supply chain risk may be increased by implementing which of the following strategies?
A) Single sourcing a product that makes the highest annual profit
B) Outsourcing products that are not well suited to a company×?â?¬â?¢s operations
C) Identifying multiple sources for a product with the potential for supply chain disruption
D) Internally manufacturing products with high levels of technical intellectual property
1. Right Answer: C
Explanation: https://www.klipfolio.com/metrics/supply-chain/cash-to-cash-cycle-time
2. Right Answer: C
Explanation: Reference:
3. Right Answer: B
Explanation: https://courses.lumenlearning.com/wmopen-introbusiness/chapter/supply-chain-management-and-logistics-2/
4. Right Answer: A
Explanation: Reference:https://www.easynotecards.com/notecard_set/18716
5. Right Answer: C
Explanation: Reference:https://global.hitachi-solutions.com/blog/supply-chain-risk-management
Explanation: https://www.klipfolio.com/metrics/supply-chain/cash-to-cash-cycle-time
2. Right Answer: C
Explanation: Reference:
3. Right Answer: B
Explanation: https://courses.lumenlearning.com/wmopen-introbusiness/chapter/supply-chain-management-and-logistics-2/
4. Right Answer: A
Explanation: Reference:https://www.easynotecards.com/notecard_set/18716
5. Right Answer: C
Explanation: Reference:https://global.hitachi-solutions.com/blog/supply-chain-risk-management
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