CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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APICS Certified Supply Chain Professional CSCP new Practice Questions 2023 - Part 16
1. In an effort to reduce total cost of ownership (TCO), a company is outsourcing a major component to an overseas supplier. What is the most appropriate action to reduce supply chain risk?
A) Increase forecast accuracy
B) Deploy strategic inventory buffers
C) Invest in redundant manufacturing process
D) Negotiate a competitive cost contract for transportation
2. Throughout most of the supply chain, safety stock will be de-emphasized as a result of improved:
A) cycle stock
B) planning
C) supply
D) information
3. In a supply chain with the sequence of factory, distributor, wholesaler, retailer, which entity is most likely to experience the greatest variability in demand resulting from the bullwhip effect?
A) Factory
B) Distributor
C) Wholesaler
D) Retailer
4. A firm decides to improve its operations efficiency by reducing the costs and delays in transaction processing with partners. Implementing which of the following tools would be most appropriate in this situation?
A) Radio frequency identification (RFID)
B) Electronic data interchange (EDI)
C) Advanced planning and scheduling (APS)
D) Supply Chain Operations Reference (SCORֲ®) model
5. In order to decrease shipping costs, a shipper would take which of the following actions?
A) Utilize less-than-truckload (LTL) shipments vs. truckload (TL)
B) Use a common carrier rather than a contract carrier
C) Decrease the weight shipped and use break-bulk shipments
D) Increase the weight shipped and consolidate shipments
A) Increase forecast accuracy
B) Deploy strategic inventory buffers
C) Invest in redundant manufacturing process
D) Negotiate a competitive cost contract for transportation
2. Throughout most of the supply chain, safety stock will be de-emphasized as a result of improved:
A) cycle stock
B) planning
C) supply
D) information
3. In a supply chain with the sequence of factory, distributor, wholesaler, retailer, which entity is most likely to experience the greatest variability in demand resulting from the bullwhip effect?
A) Factory
B) Distributor
C) Wholesaler
D) Retailer
4. A firm decides to improve its operations efficiency by reducing the costs and delays in transaction processing with partners. Implementing which of the following tools would be most appropriate in this situation?
A) Radio frequency identification (RFID)
B) Electronic data interchange (EDI)
C) Advanced planning and scheduling (APS)
D) Supply Chain Operations Reference (SCORֲ®) model
5. In order to decrease shipping costs, a shipper would take which of the following actions?
A) Utilize less-than-truckload (LTL) shipments vs. truckload (TL)
B) Use a common carrier rather than a contract carrier
C) Decrease the weight shipped and use break-bulk shipments
D) Increase the weight shipped and consolidate shipments
1. Right Answer: B
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: D
Explanation: Reference:https://sloanreview.mit.edu/article/the-bullwhip-effect-in-supply-chains/
4. Right Answer: B
Explanation:
5. Right Answer: D
Explanation:
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: D
Explanation: Reference:https://sloanreview.mit.edu/article/the-bullwhip-effect-in-supply-chains/
4. Right Answer: B
Explanation:
5. Right Answer: D
Explanation:
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