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 42
1. Direct shipment distribution typically offers which of the following advantages?
A) Risk pooling is facilitated.
B) Demand variability is reduced.
C) Service levels are increased.
D) Lead times are reduced.
2. Which of the following distribution approaches for a low-volume, high-variety product line typically will result in the highest level of customer service and the lowest total distribution costs?
A) Direct shipment from plant to customers
B) Shipment from a central distribution warehouse
C) Shipment through a multi-echelon distribution network
D) Outsourcing the distribution function
3. The most cost-effective way to increase the velocity of goods in a supply chain is to:
A) improve the way the supply chain handles goods that are not in motion.
B) switch to a faster mode of transportation.
C) establish warehouses near major retail outlets.
D) subcontract with multiple third-party logistics (3PL) providers who are located at strategic locations.
4. In a reverse supply chain, which of the following tools enables forecasting the usability of each part in the returned product?
A) Reverse network design
B) Warranty return rate analysis
C) A disassembly bill of material (BOM)
D) Design for service
5. A company has designed its supply chain so that financial losses in one part of the supply chain will be offset by gains in another part. The company is employing which of the following strategies to address global risk?
A) Speculation
B) Flexibility
C) Product shifting
D) Hedging
A) Risk pooling is facilitated.
B) Demand variability is reduced.
C) Service levels are increased.
D) Lead times are reduced.
2. Which of the following distribution approaches for a low-volume, high-variety product line typically will result in the highest level of customer service and the lowest total distribution costs?
A) Direct shipment from plant to customers
B) Shipment from a central distribution warehouse
C) Shipment through a multi-echelon distribution network
D) Outsourcing the distribution function
3. The most cost-effective way to increase the velocity of goods in a supply chain is to:
A) improve the way the supply chain handles goods that are not in motion.
B) switch to a faster mode of transportation.
C) establish warehouses near major retail outlets.
D) subcontract with multiple third-party logistics (3PL) providers who are located at strategic locations.
4. In a reverse supply chain, which of the following tools enables forecasting the usability of each part in the returned product?
A) Reverse network design
B) Warranty return rate analysis
C) A disassembly bill of material (BOM)
D) Design for service
5. A company has designed its supply chain so that financial losses in one part of the supply chain will be offset by gains in another part. The company is employing which of the following strategies to address global risk?
A) Speculation
B) Flexibility
C) Product shifting
D) Hedging
1. Right Answer: D
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: D
Explanation: Explanation -The third-party logistics provider is better positioned to adapt to different technologies used by the company's clients. This potentially expands the company's customer base at a reduced cost.
4. Right Answer: C
Explanation:
5. Right Answer: D
Explanation: Explanation -Hedge inventory is not a commonly used term in organizations, but many organizations do practice hedging when it comes to inventory. Hedging involves managing risk by building, buying, or contractually guaranteeing additional inventory at a set price if supply could be threatened or prices could rise. These decisions involve speculating on events such as the weather, the economy, labor strikes, civil strife, or political actions.
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: D
Explanation: Explanation -The third-party logistics provider is better positioned to adapt to different technologies used by the company's clients. This potentially expands the company's customer base at a reduced cost.
4. Right Answer: C
Explanation:
5. Right Answer: D
Explanation: Explanation -Hedge inventory is not a commonly used term in organizations, but many organizations do practice hedging when it comes to inventory. Hedging involves managing risk by building, buying, or contractually guaranteeing additional inventory at a set price if supply could be threatened or prices could rise. These decisions involve speculating on events such as the weather, the economy, labor strikes, civil strife, or political actions.
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