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APICS CSCP Practice Test - Questions Answers, Page 31

List of questions

Question 301

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Using financial tools to minimize the impact of currency fluctuations is an example of what type of risk management strategy?

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Question 302

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Production of a company's highest profit items is dependent upon the purchase of high-quality circuit boards. Which level of collaboration should the company develop with their supplier?

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Question 303

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A company has a single manufacturing facility. It distributes the products through retail stores located in various regions. Which of the following distribution strategies will minimize the company's warehousing costs?

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Question 304

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A firm has identified key benefits for developing a strategic alliance and has selected appropriate supply chain partners. Which of the following actions should the firm take to build a successful alliance with a supplier who is also a competitor?

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Question 305

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Which of the following considerations are essential to a company's advanced supply chain strategy that utilizes cloud computing?

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Question 306

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Which of the following supply chain fulfillment strategies is more commonly associated with e-commerce enabled supply chains?

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Question 307

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Which of the following distribution strategies is characterized by items flowing through a warehouse in an almost continuous manner?

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Question 308

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A company's market is characterized be frequently changing product demand and pressure for short lead times. The company also faces intense competition. To enhance its competitiveness, the company should stress which of the following strategies?

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Question 309

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An effective company strategy results when combining innovative products with:

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Question 310

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Which type of purchase is best suited for single sourcing with a preferred supplier to reduce supply chain risk?

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A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:
Which of the following measures would be an appropriate indicator of the marketing and sales organization's support of the sales and operations planning (S&OP) process?
A company considers moving a portion of its production to a distant country to support a major customer. Which of the following actions is most effective in mitigating the risk of financial loss in the event of a global economic downturn?
Which of the following tools would help a team of operators to prioritize causes of equipment failures?
Which of the following forecasting techniques is most appropriate when data is scarce?
Which of the following statements defines the function of the bill of lading (B/L)?
Which of the following activities is an aspect of proper demand management?
Cash-to-cash cycle time is a measure of a firm's:
A company produces and distributes a family of soft drinks in a single country. It has developed and will introduce a new family of soft drinks for weight- and health-conscious individuals. There currently are no competitors with nationwide distribution for this category of soft drinks. Which of the following supply chain strategies would be most appropriate for the two product families?