CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
Inspirational journeys
Follow the stories of academics and their research expeditions
APICS Certified Supply Chain Professional CSCP new Practice Questions 2023 - Part 35
1. Interpersonal communication skills and negotiation with suppliers is important because it:
A) enables the buying organization to partner with suppliers
B) drives higher price breaks and lot size discounts
C) allows the most competitive suppliers to remain viable
D) is essential to achieve cost-cutting targets
2. Which of the following characteristics typically is required for a collaborative strategic relationship?
A) High levels of trust
B) History of successful collaboration
C) Awareness of cultural differences
D) Formal contracts defining the relationship
3. Which of the following measures would be an appropriate indicator of the marketing and sales organization's support of the sales and operations planning (S&OP) process?
A) Finished goods inventory as a percent of planned inventory
B) Percent of product introductions completed on schedule
C) Total revenue as a percent of planned revenue
D) New customers as a percent of total customers
4. A distributor wants to run a promotion on an item that a manufacturer has just introduced. Which of the following processes would provide the most useful input data for evaluating the impact of promotions?
A) Demand planning
B) Production scheduling
C) Inventory management
D) Transportation planning
5. A company plans to implement a new software application for inventory optimization. Which of the following actions will most likely reduce the implementation time?
A) Purchase the new software and host it on secure cloud servers
B) Develop the new software in-house and purchase additional hardware
C) Purchase the new software and customize it
D) Integrate the new software with supply chain partners
A) enables the buying organization to partner with suppliers
B) drives higher price breaks and lot size discounts
C) allows the most competitive suppliers to remain viable
D) is essential to achieve cost-cutting targets
2. Which of the following characteristics typically is required for a collaborative strategic relationship?
A) High levels of trust
B) History of successful collaboration
C) Awareness of cultural differences
D) Formal contracts defining the relationship
3. Which of the following measures would be an appropriate indicator of the marketing and sales organization's support of the sales and operations planning (S&OP) process?
A) Finished goods inventory as a percent of planned inventory
B) Percent of product introductions completed on schedule
C) Total revenue as a percent of planned revenue
D) New customers as a percent of total customers
4. A distributor wants to run a promotion on an item that a manufacturer has just introduced. Which of the following processes would provide the most useful input data for evaluating the impact of promotions?
A) Demand planning
B) Production scheduling
C) Inventory management
D) Transportation planning
5. A company plans to implement a new software application for inventory optimization. Which of the following actions will most likely reduce the implementation time?
A) Purchase the new software and host it on secure cloud servers
B) Develop the new software in-house and purchase additional hardware
C) Purchase the new software and customize it
D) Integrate the new software with supply chain partners
1. Right Answer: B
Explanation:
2. Right Answer: A
Explanation: Reference:https://www.researchgate.net/publication/287813045_Supply_Chain_A_Shift_from_Transactional_to_Collaborative_Partnerships
3. Right Answer: A
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: A
Explanation:
Explanation:
2. Right Answer: A
Explanation: Reference:https://www.researchgate.net/publication/287813045_Supply_Chain_A_Shift_from_Transactional_to_Collaborative_Partnerships
3. Right Answer: A
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: A
Explanation:
Tags:
certified management business standard web supply chain process concept quality industry organization guarantee warehouse storage audit factory company digital system guidelines requirement technology legal order export worker law manufacturing tablet office data corporate best import display compliant instruction compliance regulation mockup monitor agency policy table computer screen logistics regulatory administration supply0 Comments
Categories
Recent posts
CA Foundation Business Economics Questions 2023 - Part 31
Fri, 03 Mar 2023
CA Foundation Business Economics Questions 2023 - Part 30
Fri, 03 Mar 2023
Leave a comment