CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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APICS Certified Supply Chain Professional CSCP new Practice Questions 2023 - Part 48
1. Using financial tools to minimize the impact of currency fluctuations is an example of what type of risk management strategy?
A) Mitigation
B) Recovery
C) Prevention
D) Diversification
2. Production of a company's highest profit items is dependent upon the purchase of high-quality circuit boards. Which level of collaboration should the company develop with their supplier?
A) Pull replenishment
B) Strategic partnership
C) Revenue sharing
D) Vendor-managed inventory (VMI)
3. A company has a single manufacturing facility. It distributes the products through retail stores located in various regions. Which of the following distribution strategies will minimize the company's warehousing costs?
A) Utilizing third-party logistics (3PL) providers
B) Pooling inventory in regional warehouses shipping to multiple retail
C) Shipping directly from the manufacturing facility to retail locations
D) Cross-docking at regional warehouses shipping to multiple retail stores
4. A firm has identified key benefits for developing a strategic alliance and has selected appropriate supply chain partners. Which of the following actions should the firm take to build a successful alliance with a supplier who is also a competitor?
A) Establish processes to control shared information.
B) Negotiate contracts that maximize the firm×?â?¬â?¢s profits.
C) Instruct employees to ignore the competitive aspect of the relationship.
D) Analyze market for competitive advantage.
5. Which of the following considerations are essential to a company's advanced supply chain strategy that utilizes cloud computing?
A) Understanding the history and evolution of supply chain technologies
B) Understanding the complexity of information services configuration
C) Understanding the content and scope of a company×?â?¬â?¢s cloud implementation
D) Understanding the product offering of local and global internet service providers (ISPs)
A) Mitigation
B) Recovery
C) Prevention
D) Diversification
2. Production of a company's highest profit items is dependent upon the purchase of high-quality circuit boards. Which level of collaboration should the company develop with their supplier?
A) Pull replenishment
B) Strategic partnership
C) Revenue sharing
D) Vendor-managed inventory (VMI)
3. A company has a single manufacturing facility. It distributes the products through retail stores located in various regions. Which of the following distribution strategies will minimize the company's warehousing costs?
A) Utilizing third-party logistics (3PL) providers
B) Pooling inventory in regional warehouses shipping to multiple retail
C) Shipping directly from the manufacturing facility to retail locations
D) Cross-docking at regional warehouses shipping to multiple retail stores
4. A firm has identified key benefits for developing a strategic alliance and has selected appropriate supply chain partners. Which of the following actions should the firm take to build a successful alliance with a supplier who is also a competitor?
A) Establish processes to control shared information.
B) Negotiate contracts that maximize the firm×?â?¬â?¢s profits.
C) Instruct employees to ignore the competitive aspect of the relationship.
D) Analyze market for competitive advantage.
5. Which of the following considerations are essential to a company's advanced supply chain strategy that utilizes cloud computing?
A) Understanding the history and evolution of supply chain technologies
B) Understanding the complexity of information services configuration
C) Understanding the content and scope of a company×?â?¬â?¢s cloud implementation
D) Understanding the product offering of local and global internet service providers (ISPs)
1. Right Answer: A
Explanation:
2. Right Answer: D
Explanation: In the vendor-managed inventory (VMI) model, the vendor, through mutual agreement, has access to the customer's POS inventory data for items they supply.The vendor is responsible for maintaining the inventory level required by the customer and performs actual resupply. The inventory is counted, damaged or outdated goods are removed, and the inventory is restocked to predefined levels. The vendor obtains a receipt for the restocked inventory and accordingly invoices the customer.
3. Right Answer: B
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: B
Explanation:
Explanation:
2. Right Answer: D
Explanation: In the vendor-managed inventory (VMI) model, the vendor, through mutual agreement, has access to the customer's POS inventory data for items they supply.The vendor is responsible for maintaining the inventory level required by the customer and performs actual resupply. The inventory is counted, damaged or outdated goods are removed, and the inventory is restocked to predefined levels. The vendor obtains a receipt for the restocked inventory and accordingly invoices the customer.
3. Right Answer: B
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: B
Explanation:
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