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APICS CSCP Practice Test - Questions Answers, Page 46

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Question 451

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A company has a high product mix and has decided to increase its supply chain flexibility. The most appropriate action for the company to take is to:

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Question 452

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Which of the following entities assumes ownership of goods once loaded on an ocean vessel using Incoterms freight on board (FOB)?

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Question 453

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A large retailer would like to reduce inventory investment in its distribution network. Which of the following actions is most likely to produce the desired result in the shortest time?

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Question 454

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Companies with manufacturing facilities in one country are more cost-competitive in exporting goods to world markets when:

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Question 455

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An insurance broker is interested in increasing price competition among its carriers. Which of the following strategies would be an efficient way to enable the price reductions?

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Question 456

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Which of the following actions hedges against commodity price fluctuations in a supply chain?

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Question 457

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Which of the following warehousing approaches combines inventory from multiple suppliers into a consolidated shipment to a specific customer?

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Question 458

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Which of the following actions is most likely to reduce the risk of product shortages for a company planning to use a subcontractor to produce some of its products?

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Question 459

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Which of the following operations is the best example of reuse?

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Question 460

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Which of the following terms represents a time series forecasting technique?

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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?