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 80
1. Which of the following actions by a group of trading partners is most likely to quickly improve their economic performance?
A) Developing a comprehensive product and service strategy
B) Implementing collaborative interorganizational systems
C) Outsourcing interorganizational business processes
D) Redesigning product packaging to reduce volume and weight
2. One key factor to consider when selecting suppliers for their potential to sustain long-term, mutually profitable relationships is:
A) landed cost.
B) quality metrics.
C) operational performance.
D) financial viability.
3. A high level of which of the following attributes is considered to be undesirable in a supply chain?
A) Velocity
B) Variability
C) Visibility
D) Variety
4. Which of the following measures best describes fill rate?
A) Ratio of available inventory to cost of goods sold (COGS)
B) Ratio of cost of goods sold to available inventory
C) Percentage of demand satisfied by available inventory
D) Percentage of closed orders to total orders
5. Which of the following statements regarding transportation negotiation is correct?
A) The lowest possible cost for transportation is the lowest total cost of logistics.
B) The lowest possible rate must be consistent with the level of service required.
C) The key to effective negotiation is to maximize distributor profitability.
D) The key to building solid career relationships is the acceptance of a carrier×?â?¬â?¢s rate.
A) Developing a comprehensive product and service strategy
B) Implementing collaborative interorganizational systems
C) Outsourcing interorganizational business processes
D) Redesigning product packaging to reduce volume and weight
2. One key factor to consider when selecting suppliers for their potential to sustain long-term, mutually profitable relationships is:
A) landed cost.
B) quality metrics.
C) operational performance.
D) financial viability.
3. A high level of which of the following attributes is considered to be undesirable in a supply chain?
A) Velocity
B) Variability
C) Visibility
D) Variety
4. Which of the following measures best describes fill rate?
A) Ratio of available inventory to cost of goods sold (COGS)
B) Ratio of cost of goods sold to available inventory
C) Percentage of demand satisfied by available inventory
D) Percentage of closed orders to total orders
5. Which of the following statements regarding transportation negotiation is correct?
A) The lowest possible cost for transportation is the lowest total cost of logistics.
B) The lowest possible rate must be consistent with the level of service required.
C) The key to effective negotiation is to maximize distributor profitability.
D) The key to building solid career relationships is the acceptance of a carrier×?â?¬â?¢s rate.
1. Right Answer: A
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: C
Explanation:
5. Right Answer: B
Explanation:
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: B
Explanation:
4. Right Answer: C
Explanation:
5. Right Answer: B
Explanation:
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