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 64
1. Which of the following metrics is the most appropriate measure of supply chain responsiveness?
A) Order fulfillment lead times
B) Percentage of orders delivered on time
C) Retail inventory days of supply
D) Upside production flexibility
2. A company recently faced an increase in backorders. The company's marketing department recently ran a sales promotion. The purchasing and planning departments were not aware of the promotional activity. Which of the following processes will help to solve this type of problem in the future?
A) Sales and operations planning (S&OP)
B) Advanced planning and scheduling (APS)
C) Supplier relationship management (SRM)
D) Customer relationship management (CRM)
3. A company is aggressively pursuing improvements in the financial performance of its supply chain. The company should first focus its efforts on which of the following metrics?
A) Process takt time
B) Cycle count accuracy
C) Number of inventory turns
D) Number of first-tier suppliers
4. A company develops annual forecasts for key products and enters into annual contracts with key suppliers based on the forecasts. Which of the following benefits would the company most likely receive from this approach?
A) Shorter delivery lead times
B) Lower prices
C) Improved service
D) Higher-quality products
5. A company has applied lean thinking and tools to its internal operations over the last several years. The company is now concerned about its ability to recover from a supply disruption. Which of the following actions would be most appropriate for the company to take to increase its resiliency?
A) Arrange for multiple sources for key components.
B) Maintain 1 week×?â?¬â?¢s supply of safety stock for key components.
C) Require the suppliers of key components to maintain safety stock.
D) Add capacity to enable quick recovery from a disruption.
A) Order fulfillment lead times
B) Percentage of orders delivered on time
C) Retail inventory days of supply
D) Upside production flexibility
2. A company recently faced an increase in backorders. The company's marketing department recently ran a sales promotion. The purchasing and planning departments were not aware of the promotional activity. Which of the following processes will help to solve this type of problem in the future?
A) Sales and operations planning (S&OP)
B) Advanced planning and scheduling (APS)
C) Supplier relationship management (SRM)
D) Customer relationship management (CRM)
3. A company is aggressively pursuing improvements in the financial performance of its supply chain. The company should first focus its efforts on which of the following metrics?
A) Process takt time
B) Cycle count accuracy
C) Number of inventory turns
D) Number of first-tier suppliers
4. A company develops annual forecasts for key products and enters into annual contracts with key suppliers based on the forecasts. Which of the following benefits would the company most likely receive from this approach?
A) Shorter delivery lead times
B) Lower prices
C) Improved service
D) Higher-quality products
5. A company has applied lean thinking and tools to its internal operations over the last several years. The company is now concerned about its ability to recover from a supply disruption. Which of the following actions would be most appropriate for the company to take to increase its resiliency?
A) Arrange for multiple sources for key components.
B) Maintain 1 week×?â?¬â?¢s supply of safety stock for key components.
C) Require the suppliers of key components to maintain safety stock.
D) Add capacity to enable quick recovery from a disruption.
1. Right Answer: D
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: C
Explanation:
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: C
Explanation:
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