CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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APICS Certified Supply Chain Professional CSCPPractice Questions 2023 - Part 14
1. Attaching a fuel tank cap to a fuel tank door on a car is an example of which of the following lean techniques?
A) Five Ss
B) Five whys
C) Poka-yoke
D) Kaizen
2. When evaluating several possible supply chain options, a firm considering the minimal total cost should:
A) ensure that the inventory levels are as low as possible to minimize holding costs while still providing adequate customer service.
B) account for the combined costs of holding buffer inventory and incurring inventory shortages.
C) consider the costs of acquiring, holding, and transporting inventory and of servicing customers.
D) place buffer inventory in the lowest cost locations that meet lead time and service level requirements from customers.
3. A primary objective of a lean enterprise is to:
A) analyze and focus the value stream along all functions to maximize value for the ultimate customer.
B) employ people who have enhanced abilities to learn and adapt to the corporate culture.
C) continuously improve processes and procedures to maintain a level production schedule.
D) create value for its suppliers by incorporating lean manufacturing principles into a supplier certification process.
4. Cost reduction, improvement of company focus, and freeing assets from noncore activities are among the results achieved through effective implementation of:
A) supply chain management.
B) service supplier management.
C) collaboration.
D) outsourcing.
5. Which of the following methods is used to minimize the bullwhip effect?
A) Outsourcing noncore business activities
B) Reducing the number of stock keeping units (SKUs)
C) Reducing lead time
D) Increasing factory inventory
A) Five Ss
B) Five whys
C) Poka-yoke
D) Kaizen
2. When evaluating several possible supply chain options, a firm considering the minimal total cost should:
A) ensure that the inventory levels are as low as possible to minimize holding costs while still providing adequate customer service.
B) account for the combined costs of holding buffer inventory and incurring inventory shortages.
C) consider the costs of acquiring, holding, and transporting inventory and of servicing customers.
D) place buffer inventory in the lowest cost locations that meet lead time and service level requirements from customers.
3. A primary objective of a lean enterprise is to:
A) analyze and focus the value stream along all functions to maximize value for the ultimate customer.
B) employ people who have enhanced abilities to learn and adapt to the corporate culture.
C) continuously improve processes and procedures to maintain a level production schedule.
D) create value for its suppliers by incorporating lean manufacturing principles into a supplier certification process.
4. Cost reduction, improvement of company focus, and freeing assets from noncore activities are among the results achieved through effective implementation of:
A) supply chain management.
B) service supplier management.
C) collaboration.
D) outsourcing.
5. Which of the following methods is used to minimize the bullwhip effect?
A) Outsourcing noncore business activities
B) Reducing the number of stock keeping units (SKUs)
C) Reducing lead time
D) Increasing factory inventory
1. Right Answer: A
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: A
Explanation:
4. Right Answer: C
Explanation:
5. Right Answer: C
Explanation: Explanation -Demand-driven material requirements planning (DDMRP) is a relatively new type of ordering system that can be used for dependent and independent demand items at any point in the supply chain. DDMRP strategically positions inventory to achieve all the benefits of modern supply chain management (reduce inventory, lead times to the customer, and the bullwhip effect and increase customer service and asset usage efficiency) without needing to rely on safety stocks of finished goods or a pure make-to-order environment. Instead, DDMRP determines how to shrink total lead times by creating buffer inventories of key components that have longer lead times than other components making up a finished good.
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: A
Explanation:
4. Right Answer: C
Explanation:
5. Right Answer: C
Explanation: Explanation -Demand-driven material requirements planning (DDMRP) is a relatively new type of ordering system that can be used for dependent and independent demand items at any point in the supply chain. DDMRP strategically positions inventory to achieve all the benefits of modern supply chain management (reduce inventory, lead times to the customer, and the bullwhip effect and increase customer service and asset usage efficiency) without needing to rely on safety stocks of finished goods or a pure make-to-order environment. Instead, DDMRP determines how to shrink total lead times by creating buffer inventories of key components that have longer lead times than other components making up a finished good.
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