Question 1

A company wants to reduce lead time while minimizing inventory costs. Which of the following approaches is most appropriate to implement?

Accepted Answer

The answer of A company wants to reduce lead time...

Question 2

Two individuals are travelling by train to the same location, departing from two different cities. Both purchased tickets when they arrived for departure, yet paid different prices. Which of the following pricing strategies was most likely practiced by the train company?

Accepted Answer

The answer of Two individuals are travelling by train to...

Question 3

A retailer wants to implement customer relationship management (CRM). The first step in the implementation process is to:

Accepted Answer

The answer of A retailer wants to implement customer relationship...

Question 4

A firm wants to start doing business with a supplier on another continent. Which of the following methods to minimize financial risk would best protect the supplier and customer?

Accepted Answer

The answer of A firm wants to start doing business...

Question 5

The total cost of ownership (TCO) measurement includes:

Accepted Answer

The answer of The total cost of ownership (TCO) measurement...

Question 6

Overall supply chain risk may be increased by implementing which of the following strategies?

Accepted Answer

The answer of Overall supply chain risk may be increased...

Question 7

A team has been given a project which requires them to design a new product with the following key performance indicators (KPIs) and prototype results:  What should be the next step of the project?

Accepted Answer

The answer of A team has been given a project...

Question 8

A brewing company recently acquired a trucking company to deliver products to the brewery's distribution centers (DCs). Which of the following terms most accurately describes the firms' relationship?

Accepted Answer

The answer of A brewing company recently acquired a trucking...

Question 9

A company striving to improve its supply chain financial performance should concentrate on which of the following metrics?

Accepted Answer

The answer of A company striving to improve its supply...

Question 10

In order to decrease shipping costs, a shipper would take which of the following actions?

Accepted Answer

The answer of In order to decrease shipping costs, a...

Question 11

A master scheduler receives a new order with a due date inside the demand time fence (DTF). The best response is to:

Accepted Answer

The answer of A master scheduler receives a new order...

Question 12

Which of the following functions is most relevant for tactical purchasing?

Accepted Answer

The answer of Which of the following functions is most...

Question 13

When choosing a supplier in a market-responsive supply chain, a company most appropriately would make the selection on the basis of quality and:

Accepted Answer

The answer of When choosing a supplier in a market-responsive...

Question 14

A chief financial officer is concerned about a company's supply chain performance. The key performance indicator (KPI) most likely to be reviewed is the:

Accepted Answer

The answer of A chief financial officer is concerned about...

Question 15

Successful implementation of a new supply chain process first requires:

Accepted Answer

The answer of Successful implementation of a new supply chain...

Question 16

Understanding the unique needs and wants of a market segment is important because segments may have:

Accepted Answer

The answer of Understanding the unique needs and wants of...

Question 17

A railway company investing in a signaling system to help identify and restore service quickly is an example of:

Accepted Answer

The answer of A railway company investing in a signaling...

Question 18

A work center's demonstrated capacity for the last week was 160 standard hours. Its demonstrated capacity for the last 6 weeks was 140 standard hours. Which of the following numbers would be best to use to determine the appropriate future load for the work center?

Accepted Answer

The answer of A work center's demonstrated capacity for the...

Question 19

Which of the following supply chain metrics is the best indicator of order fulfillment performance?

Accepted Answer

The answer of Which of the following supply chain metrics...

Question 20

The SA8000 guidelines differ from other sustainability standards in that they only look at a firm's:

Accepted Answer

The answer of The SA8000 guidelines differ from other sustainability...

Exam 3: APICS Certified Supply Chain Professional