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 47
1. Which of the following objectives is a major principle of theory of constraints (TOC) accounting when applied to a supply chain?
A) Total inventory reduction
B) Maximize process utilization
C) Maximize revenue generation
D) Product design simplification
2. The design process by which a firm structures and manages the supply chain to achieve optimization is called:
A) an information network.
B) network planning.
C) smoothing.
D) logistical planning.
3. A company distributes its products through wholesale, retail stores, and its e-commerce website. Inventory and demand forecasting for each channel is managed separately. The company is experiencing high levels of obsolete inventory. Which of the following strategies is most likely to reduce the levels of obsolescence?
A) Place smaller orders with suppliers.
B) Pool inventory and the forecast.
C) Open more outlet stores.
D) Negotiate lower costs with suppliers.
4. For an item with high profit impact and low supply risk, what would be a likely procurement strategy to support the overall supply strategy?
A) Ensure supply, even at a premium cost.
B) Vertically integrate the supply chain.
C) Exploit purchasing power and minimize cost.
D) Form a strategic sourcing group.
5. Which of the following factors typically is most important to a company that uses the chase production strategy when evaluating potential suppliers for a component?
A) Supplier×?â?¬â?¢s agility
B) Supplier×?â?¬â?¢s certification status
C) Quoted delivery time
D) Quoted total price
A) Total inventory reduction
B) Maximize process utilization
C) Maximize revenue generation
D) Product design simplification
2. The design process by which a firm structures and manages the supply chain to achieve optimization is called:
A) an information network.
B) network planning.
C) smoothing.
D) logistical planning.
3. A company distributes its products through wholesale, retail stores, and its e-commerce website. Inventory and demand forecasting for each channel is managed separately. The company is experiencing high levels of obsolete inventory. Which of the following strategies is most likely to reduce the levels of obsolescence?
A) Place smaller orders with suppliers.
B) Pool inventory and the forecast.
C) Open more outlet stores.
D) Negotiate lower costs with suppliers.
4. For an item with high profit impact and low supply risk, what would be a likely procurement strategy to support the overall supply strategy?
A) Ensure supply, even at a premium cost.
B) Vertically integrate the supply chain.
C) Exploit purchasing power and minimize cost.
D) Form a strategic sourcing group.
5. Which of the following factors typically is most important to a company that uses the chase production strategy when evaluating potential suppliers for a component?
A) Supplier×?â?¬â?¢s agility
B) Supplier×?â?¬â?¢s certification status
C) Quoted delivery time
D) Quoted total price
1. Right Answer: D
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: C
Explanation: Reference:https://www.mindtools.com/pages/article/newSTR_49.htm
5. Right Answer: A
Explanation:
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: C
Explanation: Reference:https://www.mindtools.com/pages/article/newSTR_49.htm
5. Right Answer: A
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