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 92
1. Which supply chain strategy should be implemented when lead time is short and demand is known?
A) Continuous replenishment
B) Push inventory
C) Flexible supply chain
D) Collaborative planning, forecasting, and replenishment (CPFR)
2. A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
A) cash-to-cash cycle of slow-moving items
B) inventory turn of slow-moving items
C) use of break-bulk warehousing
D) inventory days of supply of fast-moving items
3. A company embarking on the establishment of strategic partnerships and ready to relinquish control over inventory management would choose which of the following customer-supplier interactions?
A) Continuous replenishment
B) Collaborative planning, forecasting, and replenishment (CPFR)
C) Quick response
D) Vendor-managed inventory (VMI)
4. Which of the following procurement strategies would be most appropriate for items required by a bottleneck operation?
A) Long-term contracts
B) Global sourcing
C) Automated ordering processes
D) Decentralized policy
5. Which of the following financial measurements is common to reverse logistics?
A) Scrap as a percentage of total cost
B) Warranty reserves
C) Quality appraisal cost
D) Accounts receivable
A) Continuous replenishment
B) Push inventory
C) Flexible supply chain
D) Collaborative planning, forecasting, and replenishment (CPFR)
2. A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
A) cash-to-cash cycle of slow-moving items
B) inventory turn of slow-moving items
C) use of break-bulk warehousing
D) inventory days of supply of fast-moving items
3. A company embarking on the establishment of strategic partnerships and ready to relinquish control over inventory management would choose which of the following customer-supplier interactions?
A) Continuous replenishment
B) Collaborative planning, forecasting, and replenishment (CPFR)
C) Quick response
D) Vendor-managed inventory (VMI)
4. Which of the following procurement strategies would be most appropriate for items required by a bottleneck operation?
A) Long-term contracts
B) Global sourcing
C) Automated ordering processes
D) Decentralized policy
5. Which of the following financial measurements is common to reverse logistics?
A) Scrap as a percentage of total cost
B) Warranty reserves
C) Quality appraisal cost
D) Accounts receivable
1. Right Answer: A
Explanation: Reference:https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjmlPTY_pztAhX3QEEAHf8HACAQFjAJegQIERAC&url=https%3A%2F%2Fwww.rolandberger.com%2Fpublications%2Fpublication_pdf%2Froland_berger_supply_chain_planning.pdf&usg=AOvVaw2EZZZxsgSNHHH- qvwgLM1-
2. Right Answer: B
Explanation:
3. Right Answer: D
Explanation: Reference:https://www.supplychain247.com/images/pdfs/the_extended_enterprise.pdf(87)
4. Right Answer: A
Explanation:
5. Right Answer: B
Explanation: Reference:https://cerasis.com/reverse-logistics-system/
Explanation: Reference:https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&ved=2ahUKEwjmlPTY_pztAhX3QEEAHf8HACAQFjAJegQIERAC&url=https%3A%2F%2Fwww.rolandberger.com%2Fpublications%2Fpublication_pdf%2Froland_berger_supply_chain_planning.pdf&usg=AOvVaw2EZZZxsgSNHHH- qvwgLM1-
2. Right Answer: B
Explanation:
3. Right Answer: D
Explanation: Reference:https://www.supplychain247.com/images/pdfs/the_extended_enterprise.pdf(87)
4. Right Answer: A
Explanation:
5. Right Answer: B
Explanation: Reference:https://cerasis.com/reverse-logistics-system/
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