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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:
The purpose of price differentiation is to:
In a make-or-buy decision, if the product is modular and the company is dependent on knowledge and capacity, outsourcing most likely will be:
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:
Throughout most of the supply chain, safety stock will be de-emphasized as a result of improved:
The practice of supply chain members acting in close collaboration while retaining independent ownership is known as:
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 types of risk typically would be most difficult to plan for and mitigate?
For an item with high profit impact and low supply risk, what would be a likely procurement strategy to support the overall supply strategy?
Which of the following elements typically is considered to be an output of demand planning?

Question 300 - CSCP discussion

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Which of the following factors typically is most important to a company that uses the chase production strategy when evaluating potential suppliers for a component?

A.
Supplier's agility
Answers
A.
Supplier's agility
B.
Supplier's certification status
Answers
B.
Supplier's certification status
C.
Quoted delivery time
Answers
C.
Quoted delivery time
D.
Quoted total price
Answers
D.
Quoted total price
Suggested answer: A

Explanation:

The chase production strategy aims to match production rates to demand by adjusting output to meet fluctuating demand levels. For a company using this strategy, a supplier's agility is paramount. Agility refers to the supplier's ability to rapidly respond to changes in demand, which is critical for maintaining production schedules and minimizing inventory costs. The supplier's certification status, quoted delivery time, and quoted total price are also important but secondary to the ability to quickly adjust to changing needs, ensuring a smooth and responsive supply chain.

Stevenson, W. J. (2015). Operations Management.

https://www.supplychain247.com

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asked 16/09/2024
paloma giraudo
34 questions
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