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 81
1. Which of the following practices allows each process to operate at maximum efficiency rather than having the speed of the entire process constrained by the slowest operation?
A) Theory of constrains (TOC)
B) Supply/demand balancing
C) Decoupling
D) Pull production
2. Which of the following relationship activities is most impacted by a lack of trading partner trust?
A) Collaboration
B) Coordination
C) Cooperation
D) Communication
3. A role-based entry into a company's system that aggregates all required sources of information into a single environment is known as:
A) a portal.
B) a hub.
C) a local area network (LAN).
D) an extranet.
4. Enterprise resources planning (ERP) is defined as a:
A) framework for organizing, defining, and standardizing business processes to use its internal knowledge to seek external advantage.
B) production control system that determines priorities of in-process work.
C) software module used to determine whether sufficient capacity is available to ship customer orders on time.
D) process whereby sales, marketing, and operations determine what products will be sold and what resources will be required for production.
5. The use of break-bulk warehouses allows for reduced transportation costs by receiving:
A) large shipments and arranging for distribution to locations as smaller shipments.
B) sorting multiple receipts for outgoing shipments based on final destination.
C) converting individual pallets of goods into truckloads (TLs).
D) staging products for delayed delivery to customers.
A) Theory of constrains (TOC)
B) Supply/demand balancing
C) Decoupling
D) Pull production
2. Which of the following relationship activities is most impacted by a lack of trading partner trust?
A) Collaboration
B) Coordination
C) Cooperation
D) Communication
3. A role-based entry into a company's system that aggregates all required sources of information into a single environment is known as:
A) a portal.
B) a hub.
C) a local area network (LAN).
D) an extranet.
4. Enterprise resources planning (ERP) is defined as a:
A) framework for organizing, defining, and standardizing business processes to use its internal knowledge to seek external advantage.
B) production control system that determines priorities of in-process work.
C) software module used to determine whether sufficient capacity is available to ship customer orders on time.
D) process whereby sales, marketing, and operations determine what products will be sold and what resources will be required for production.
5. The use of break-bulk warehouses allows for reduced transportation costs by receiving:
A) large shipments and arranging for distribution to locations as smaller shipments.
B) sorting multiple receipts for outgoing shipments based on final destination.
C) converting individual pallets of goods into truckloads (TLs).
D) staging products for delayed delivery to customers.
1. Right Answer: C
Explanation: Decoupling allows economy of scale within a single facility and permits each process to operate at maximum efficiency rather than having the speed of the entire process constrained by the slowest.
2. Right Answer: A
Explanation: A lack of trust among trading partners often creates a condition where every transaction has to be scrutinized and verified, thereby increasing the transaction costs to an unacceptably high level. Productivity is lost and efficiency and effectiveness, cornerstones of supply chain goals, will be compromised. Creating value-added activities with such partners becomes almost impossible and the supply chain tools used to improve efficiency, effectiveness and productivity (such as vendor- managed inventory (VMI), cross-docking (CD), and collaborative forecasting, planning and replenishment (CFPR)) eventually become ineffective. Under the less than open-trust conditions, decision makers often spend their time mostly on analyzing their trading partner's credibility, reliability and trustworthiness, rather than optimizing their operations. Although there are studies focusing on the relationship between related variables and the level of trust, there is a lack of empirical studies that examine the relationship between trust and the ultimate facilitator of supply chain success, commitment. This study attempts to bridge the gap in supply chain management.
3. Right Answer: B
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: A
Explanation:
Explanation: Decoupling allows economy of scale within a single facility and permits each process to operate at maximum efficiency rather than having the speed of the entire process constrained by the slowest.
2. Right Answer: A
Explanation: A lack of trust among trading partners often creates a condition where every transaction has to be scrutinized and verified, thereby increasing the transaction costs to an unacceptably high level. Productivity is lost and efficiency and effectiveness, cornerstones of supply chain goals, will be compromised. Creating value-added activities with such partners becomes almost impossible and the supply chain tools used to improve efficiency, effectiveness and productivity (such as vendor- managed inventory (VMI), cross-docking (CD), and collaborative forecasting, planning and replenishment (CFPR)) eventually become ineffective. Under the less than open-trust conditions, decision makers often spend their time mostly on analyzing their trading partner's credibility, reliability and trustworthiness, rather than optimizing their operations. Although there are studies focusing on the relationship between related variables and the level of trust, there is a lack of empirical studies that examine the relationship between trust and the ultimate facilitator of supply chain success, commitment. This study attempts to bridge the gap in supply chain management.
3. Right Answer: B
Explanation:
4. Right Answer: A
Explanation:
5. Right Answer: A
Explanation:
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