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 78
1. A firm supplies a single line of products to consumers using retail stores and on-line sales, distributors, and wholesalers. Currently the firm has common pricing and response times for sales in each sales channel. Which of the following tools is most appropriate to employ to improve profitability?
A) Customer segmentation
B) Customer-facing ordering systems
C) Customer relationship management (CRM)
D) Supply Chain Operations Reference (SCORֲ®)
2. A company has been delivering a global product that no longer appears profitable. Senior management's best response is to:
A) analyze product profitability by market segment.
B) discontinue the product based on eroding profitability.
C) provide additional incentives to the sales force.
D) increase promotional activity across all markets.
3. Which of the following statements represents a major assumption needed to effectively use days of supply as a measure?
A) The reorder point for the inventory has been calculated correctly.
B) The forecast for the item usage is reasonably accurate.
C) The item is in the growth phase of the product life cycle.
D) The item is subjected to statistical process control (SPC) during production.
4. Attaching a fuel tank cap to a fuel tank door on a car is an example of which of the following lean techniques?
A) Five Ss
B) Five whys
C) Poka-yoke
D) Kaizen
5. When evaluating several possible supply chain options, a firm considering the minimal total cost should:
A) ensure that the inventory levels are as low as possible to minimize holding costs while still providing adequate customer service.
B) account for the combined costs of holding buffer inventory and incurring inventory shortages.
C) consider the costs of acquiring, holding, and transporting inventory and of servicing customers.
D) place buffer inventory in the lowest cost locations that meet lead time and service level requirements from customers.
A) Customer segmentation
B) Customer-facing ordering systems
C) Customer relationship management (CRM)
D) Supply Chain Operations Reference (SCORֲ®)
2. A company has been delivering a global product that no longer appears profitable. Senior management's best response is to:
A) analyze product profitability by market segment.
B) discontinue the product based on eroding profitability.
C) provide additional incentives to the sales force.
D) increase promotional activity across all markets.
3. Which of the following statements represents a major assumption needed to effectively use days of supply as a measure?
A) The reorder point for the inventory has been calculated correctly.
B) The forecast for the item usage is reasonably accurate.
C) The item is in the growth phase of the product life cycle.
D) The item is subjected to statistical process control (SPC) during production.
4. Attaching a fuel tank cap to a fuel tank door on a car is an example of which of the following lean techniques?
A) Five Ss
B) Five whys
C) Poka-yoke
D) Kaizen
5. When evaluating several possible supply chain options, a firm considering the minimal total cost should:
A) ensure that the inventory levels are as low as possible to minimize holding costs while still providing adequate customer service.
B) account for the combined costs of holding buffer inventory and incurring inventory shortages.
C) consider the costs of acquiring, holding, and transporting inventory and of servicing customers.
D) place buffer inventory in the lowest cost locations that meet lead time and service level requirements from customers.
1. Right Answer: A
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: C
Explanation:
Explanation:
2. Right Answer: A
Explanation:
3. Right Answer: D
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: C
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