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 61
1. The practice of purchasing items in large quantities and requesting that shipments be delivered directly to customers is referred to as:
A) drop shipping.
B) cross-docking.
C) breaking bulk.
D) freight equalization.
2. Which of the following types of lead times is related most closely to a supplier performance measure?
A) Fulfillment
B) Replenishment
C) Overall
D) Process
3. Which of the following strategies is most appropriate for managing unknown risks in a global supply chain?
A) Vertical integration
B) Technology integration with suppliers
C) Investing in redundancy
D) Strengthening supplier relationships
4. Which of the following performance indicators can be used to measure the effectiveness of a vendor-managed inventory program?
A) Number of inventory receipts
B) Inventory usage
C) Inventory returns
D) In-stock rate
5. Which of the following statements best identifies the value of using a supplier rating system?
A) It provides an objective means for a company to determine outstanding suppliers.
B) It allows customers to post chargebacks to suppliers.
C) It offers a company an effective way to control suppliers' delivery processes.
D) It ensures that all suppliers are using the same quality standards to manufacture products.
A) drop shipping.
B) cross-docking.
C) breaking bulk.
D) freight equalization.
2. Which of the following types of lead times is related most closely to a supplier performance measure?
A) Fulfillment
B) Replenishment
C) Overall
D) Process
3. Which of the following strategies is most appropriate for managing unknown risks in a global supply chain?
A) Vertical integration
B) Technology integration with suppliers
C) Investing in redundancy
D) Strengthening supplier relationships
4. Which of the following performance indicators can be used to measure the effectiveness of a vendor-managed inventory program?
A) Number of inventory receipts
B) Inventory usage
C) Inventory returns
D) In-stock rate
5. Which of the following statements best identifies the value of using a supplier rating system?
A) It provides an objective means for a company to determine outstanding suppliers.
B) It allows customers to post chargebacks to suppliers.
C) It offers a company an effective way to control suppliers' delivery processes.
D) It ensures that all suppliers are using the same quality standards to manufacture products.
1. Right Answer: A
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: D
Explanation:
5. Right Answer: A
Explanation:
Explanation:
2. Right Answer: B
Explanation:
3. Right Answer: C
Explanation:
4. Right Answer: D
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