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NEW QUESTION # 182
A retailer that operates a three-level distribution network is considering eliminating one level in the network and shipping directly from the regional warehouses to the retail outlets. Which of the following outcomes is most likely to result?
- A. Total transportation costs will decrease.
- B. Risk pooling benefits will decrease.
- C. Deliveries to the retail outlets will decrease in number.
- D. Retail outlet order frequency will decrease.
Answer: C
NEW QUESTION # 183
Which of the following activities is the most appropriate use of an advanced planning and scheduling system?
- A. Creating a daily demand forecast
- B. Identifying constraints within a facility
- C. Optimizing transportation routes
- D. Selecting the target market for a product
Answer: B
Explanation:
An advanced planning and scheduling (APS) system is designed to enhance the efficiency and effectiveness of the production process. Its primary functions include:
* Constraint Identification: APS systems are highly effective at identifying constraints within a facility, such as bottlenecks, capacity limits, and material shortages. By pinpointing these constraints, the system helps in planning and optimizing the use of available resources.
* Production Optimization: They optimize scheduling by considering various constraints and ensuring that production schedules align with capacity and material availability.
* Scenario Analysis: APS systems allow for the simulation of different production scenarios to determine the best course of action in response to changing conditions.
* Real-Time Adjustments: They provide real-time data and feedback, enabling quick adjustments to production plans to address issues as they arise.
References
* "Advanced Planning and Scheduling in Manufacturing and Supply Chain Management" by Hermann Meyr, Marc Salomon, and Carlo Veilleux
* APICS, "Advanced Planning and Scheduling Systems: An Overview"
NEW QUESTION # 184
Which production strategy has the push-pull boundary between product design and purchasingof raw materials?
- A. assemble-to-order
- B. made-to-order
- C. make-to-stock
- D. engineer-to-order
Answer: B
NEW QUESTION # 185
Which of the following benefits of supplier relationship management typically results from collaboration with a few critical suppliers?
- A. Automation of supplier sales activities
- B. Reduction in customer and supplier inventories
- C. Elimination of formal contracts
- D. Standardization of communications
Answer: B
NEW QUESTION # 186
A firm has captured the following information for a product family:
The cash-to-cash cycle time is how many days?
- A. 0
- B. 1
- C. 2
- D. 3
Answer: B
Explanation:
Section: Implementation and Operations
NEW QUESTION # 187
A company is seeking to attract recent college graduates as customers. Which of the following market characteristics should the company use in order to segment its customers?
- A. Cultural
- B. Demographic
- C. Price sensitivity
- D. Geographic
Answer: B
NEW QUESTION # 188
A third-party logistics (3PL) provider most likely will add the greatest contributed value in the supply chain by:
- A. allowing a company to improve focus on core competencies.
- B. increasing a company's transportation assets.
- C. lowering a company's logistics budget.
- D. enhancing a company's own logistics organization.
Answer: A
NEW QUESTION # 189
All of the following are key supply chain management processes identified by the Global
Supply Chain Forum EXCEPT:
- A. Customer Relationship Management
- B. Product Development and Commercialization
- C. Information Systems Support
- D. Order Fulfillment
Answer: C
NEW QUESTION # 190
A firm supplies a single line of products to consumers using retail stores and on-line sales, distributors, and wholesalers. Currently the firm has common pricing and response times for sales in each sales channel.
Which of the following tools is most appropriate to employ to improve profitability?
- A. Customer segmentation
- B. Customer-facing ordering systems
- C. Customer relationship management (CRM)
- D. Supply Chain Operations Reference (SCOR®)
Answer: A
NEW QUESTION # 191
Which of the following costs is an example of carrying cost?
- A. Inspection labor
- B. Warehouse rent
- C. Transportation
- D. Training
Answer: C
NEW QUESTION # 192
Keeping all other factors equal, a company typically will try to maintain higher service levels for products with:
- A. higher profit margins.
- B. shorter lead time.
- C. wider variety.
- D. lower sales volumes.
Answer: A
Explanation:
* Context: Companies often prioritize service levels based on the profitability of their products.
* Options Breakdown:
* A. Wider variety: While a wider variety can attract more customers, it does not directly influence the prioritization of service levels.
* B. Shorter lead time: Short lead times are desirable but not the primary reason for maintaining higher service levels.
* C. Higher profit margins: Products with higher profit margins contribute more significantly to the company's bottom line, justifying higher service levels to ensure customer satisfaction and
* repeat business.
* D. Lower sales volumes: Lower sales volumes typically do not warrant higher service levels due to their limited impact on overall profitability.
* Correct Answer Justification: Companies aim to maintain higher service levels for high-margin products to maximize profitability and customer retention.
References:
* Supply chain management textbooks
* Industry practices on service level prioritization
NEW QUESTION # 193
Which of the following is the key benefit obtained by using technology in supply chain?
- A. Display product or service offerings online for easy access to information
- B. Orders can be received online and shipped via online system quickly
- C. Business can quickly tailor their service to customer expectations
- D. Invoicing and payment can be done online improving cash-to-cash cycle time
Answer: D
Explanation:
The key benefit of using technology in supply chain management is the ability to handle invoicing and payment processes online, which significantly improves the cash-to-cash cycle time. This enhancement brings several advantages:
* Faster Transactions: Online invoicing and payment processing speed up financial transactions, reducing the time between paying for raw materials and receiving payment for finished goods.
* Improved Cash Flow: Quicker cash flow improves liquidity and provides better working capital management.
* Reduced Errors: Automated processes reduce the risk of human errors associated with manual invoicing and payments.
* Enhanced Visibility: Real-time tracking and reporting of financial transactions provide better visibility and control over the supply chain finances.
References:
* Hugos, M. H. (2018). Essentials of Supply Chain Management. Wiley.
* Jacobs, F. R., & Chase, R. B. (2018). Operations and Supply Chain Management. McGraw-Hill Education.
NEW QUESTION # 194
Which of the following actions is most appropriate when implementing a strategy to create customer- affordable value?
- A. Increase safety stock.
- B. Employ lean principles.
- C. Use a more rapid transportation mode.
- D. Extend product warranty.
Answer: B
NEW QUESTION # 195
The most important challenge to consider when sourcing globally is:
- A. balancing the difference between piece price and total cost.
- B. complying with specific import/export issues.
- C. the availability of low-cost labor and energy.
- D. the identification of sources capable of producing the materials.
Answer: A
NEW QUESTION # 196
Which of the following modes of transportation requires the lowest fixed investment?
- A. Air
- B. Water
- C. Rail
- D. Truck
Answer: B
Explanation:
Section: Mixed questions
Explanation/Reference: https://www.inc.com/encyclopedia/transportation.html
NEW QUESTION # 197
One key factor to consider when selecting suppliers for their potential to sustain long-term, mutually profitable relationships is:
- A. operational performance.
- B. quality metrics.
- C. financial viability.
- D. landed cost.
Answer: A
NEW QUESTION # 198
All of the following are reasons why firms use batch ordering EXCEPT:
- A. firms may need to order in batches to minimize transportation costs
- B. firms may need to order in batches to achieve quarterly or yearly sales quotas
- C. firms may need to order in batches to minimize raw material inventories
- D. firms facing fixed ordering costs may need to order in batches to minimize these costs
Answer: C
NEW QUESTION # 199
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APICS CSCP (Certified Supply Chain Professional) Exam is a globally recognized certification program that provides a comprehensive understanding of supply chain management principles. APICS, the Association for Supply Chain Management, offers this certification course to professionals who want to enhance their knowledge and expertise in supply chain management. The CSCP certification program covers different areas of supply chain management such as planning, sourcing, manufacturing, delivery, and return, providing comprehensive knowledge of end-to-end supply chain operations.
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