APICS CSCP Practice Test - Questions Answers, Page 19

Which of the following strategies is most appropriate for managing unknown risks in a global supply chain?

Which of the following performance indicators can be used to measure the effectiveness of a vendor-managed inventory program?

Which of the following statements best identifies the value of using a supplier rating system?

A company recently implemented a new supplier rating system. Data was collected from the enterprise resources planning system about each vendor's rating for cost, quality, and delivery over 12 months. A cutoff point was established for poor performers. The responsible purchasing agent then scheduled meetings with each supplier. Which of the following actions is most appropriate to take with suppliers whose ratings were below the cutoff point?

A firm experiences a supply chain interruption from a second-tier supplier. Which of the following actions is the firm likely to take to minimize future interruptions?

An organization is partnering with a supplier. The most appropriate tool to ensure that the supplier has the necessary capabilities is:

A company most likely would implement a supplier certification program to:

Supplier certification procedures verify that a supplier:

A large bicycle company has outsourced manufacturing and needs to respond immediately to any logistics problems in the supply chain. The best technological solution to meet this need is: