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 16
1. Which of the following measures best describes fill rate?
A) Ratio of available inventory to cost of goods sold (COGS)
B) Ratio of cost of goods sold to available inventory
C) Percentage of demand satisfied by available inventory
D) Percentage of closed orders to total orders
2. Which of the following statements regarding transportation negotiation is correct?
A) The lowest possible cost for transportation is the lowest total cost of logistics.
B) The lowest possible rate must be consistent with the level of service required.
C) The key to effective negotiation is to maximize distributor profitability.
D) The key to building solid career relationships is the acceptance of a carrier×?â?¬â?¢s rate.
3. Which of the following practices allows each process to operate at maximum efficiency rather than having the speed of the entire process constrained by the slowest operation?
A) Theory of constrains (TOC)
B) Supply/demand balancing
C) Decoupling
D) Pull production
4. Which of the following relationship activities is most impacted by a lack of trading partner trust?
A) Collaboration
B) Coordination
C) Cooperation
D) Communication
5. A role-based entry into a company's system that aggregates all required sources of information into a single environment is known as:
A) a portal.
B) a hub.
C) a local area network (LAN).
D) an extranet.
A) Ratio of available inventory to cost of goods sold (COGS)
B) Ratio of cost of goods sold to available inventory
C) Percentage of demand satisfied by available inventory
D) Percentage of closed orders to total orders
2. Which of the following statements regarding transportation negotiation is correct?
A) The lowest possible cost for transportation is the lowest total cost of logistics.
B) The lowest possible rate must be consistent with the level of service required.
C) The key to effective negotiation is to maximize distributor profitability.
D) The key to building solid career relationships is the acceptance of a carrier×?â?¬â?¢s rate.
3. Which of the following practices allows each process to operate at maximum efficiency rather than having the speed of the entire process constrained by the slowest operation?
A) Theory of constrains (TOC)
B) Supply/demand balancing
C) Decoupling
D) Pull production
4. Which of the following relationship activities is most impacted by a lack of trading partner trust?
A) Collaboration
B) Coordination
C) Cooperation
D) Communication
5. A role-based entry into a company's system that aggregates all required sources of information into a single environment is known as:
A) a portal.
B) a hub.
C) a local area network (LAN).
D) an extranet.
1. Right Answer: C
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: C
Explanation: Decoupling allows economy of scale within a single facility and permits each process to operate at maximum efficiency rather than having the speed of the entire process constrained by the slowest.
4. Right Answer: A
Explanation: A lack of trust among trading partners often creates a condition where every transaction has to be scrutinized and verified, thereby increasing the transaction costs to an unacceptably high level. Productivity is lost and efficiency and effectiveness, cornerstones of supply chain goals, will be compromised. Creating value-added activities with such partners becomes almost impossible and the supply chain tools used to improve efficiency, effectiveness and productivity (such as vendor- managed inventory (VMI), cross-docking (CD), and collaborative forecasting, planning and replenishment (CFPR)) eventually become ineffective. Under the less than open-trust conditions, decision makers often spend their time mostly on analyzing their trading partner's credibility, reliability and trustworthiness, rather than optimizing their operations. Although there are studies focusing on the relationship between related variables and the level of trust, there is a lack of empirical studies that examine the relationship between trust and the ultimate facilitator of supply chain success, commitment. This study attempts to bridge the gap in supply chain management.
5. Right Answer: B
Explanation:
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: C
Explanation: Decoupling allows economy of scale within a single facility and permits each process to operate at maximum efficiency rather than having the speed of the entire process constrained by the slowest.
4. Right Answer: A
Explanation: A lack of trust among trading partners often creates a condition where every transaction has to be scrutinized and verified, thereby increasing the transaction costs to an unacceptably high level. Productivity is lost and efficiency and effectiveness, cornerstones of supply chain goals, will be compromised. Creating value-added activities with such partners becomes almost impossible and the supply chain tools used to improve efficiency, effectiveness and productivity (such as vendor- managed inventory (VMI), cross-docking (CD), and collaborative forecasting, planning and replenishment (CFPR)) eventually become ineffective. Under the less than open-trust conditions, decision makers often spend their time mostly on analyzing their trading partner's credibility, reliability and trustworthiness, rather than optimizing their operations. Although there are studies focusing on the relationship between related variables and the level of trust, there is a lack of empirical studies that examine the relationship between trust and the ultimate facilitator of supply chain success, commitment. This study attempts to bridge the gap in supply chain management.
5. Right Answer: B
Explanation:
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