CA Foundation Business Economics Questions 2023 - Part 32
Fri, 03 Mar 2023
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APICS Certified Supply Chain Professional CSCP new Practice Questions 2023 - Part 11
1. A warehouse supervisor has discovered a shortage of material to fulfill a customer order. If the inventory report shows that there should be enough material to fill the order, what should be done next?
A) Ask customer to provide safety lead time
B) Review service level for the safety stock
C) Perform daily inventory counts
D) Analyze root cause of inventory differences
2. A large wholesaler formerly owned a number of delivery trucks. The wholesaler sold all of its trucks and now purchases transportation services from fleet operators. This is an example of using which of the following distribution models?
A) Fourth-party logistics (4PL) provider
B) Forward logistics provider
C) Third-party logistics (3PL) provider
D) Spot stock warehousing
3. What technology embeds intelligence into physical objects, thereby allowing a company to communicate with businesses and consumers?
A) Internet-enabled identification
B) Universal product code
C) Radio frequency identification (RFID)
D) Product markup language
4. Which of the following statements best describes a fundamental requirement for developing and maintaining good business relationships in an effective supplier partnership?
A) The supplier must commit to meeting the customer×?â?¬â?¢s performance metrics
B) The buyer must commit to improving processes
C) A means of periodic feedback must be in place for issue resolution
D) Both parties must focus on cost reduction to improve competitiveness
5. A company's competitive advantage is product differentiation. The company has multiple new products with unique features targeted to various customer groups.It plans to sell its products via retail channels and online. One of the activities the company should focus on first when determining inventory levels for each product is:
A) identifying and documenting each market segment×?â?¬â?¢s need
B) planning equivalent inventory levels for each product
C) setting price points for each product
D) determining inventory levels at retail outlets
A) Ask customer to provide safety lead time
B) Review service level for the safety stock
C) Perform daily inventory counts
D) Analyze root cause of inventory differences
2. A large wholesaler formerly owned a number of delivery trucks. The wholesaler sold all of its trucks and now purchases transportation services from fleet operators. This is an example of using which of the following distribution models?
A) Fourth-party logistics (4PL) provider
B) Forward logistics provider
C) Third-party logistics (3PL) provider
D) Spot stock warehousing
3. What technology embeds intelligence into physical objects, thereby allowing a company to communicate with businesses and consumers?
A) Internet-enabled identification
B) Universal product code
C) Radio frequency identification (RFID)
D) Product markup language
4. Which of the following statements best describes a fundamental requirement for developing and maintaining good business relationships in an effective supplier partnership?
A) The supplier must commit to meeting the customer×?â?¬â?¢s performance metrics
B) The buyer must commit to improving processes
C) A means of periodic feedback must be in place for issue resolution
D) Both parties must focus on cost reduction to improve competitiveness
5. A company's competitive advantage is product differentiation. The company has multiple new products with unique features targeted to various customer groups.It plans to sell its products via retail channels and online. One of the activities the company should focus on first when determining inventory levels for each product is:
A) identifying and documenting each market segment×?â?¬â?¢s need
B) planning equivalent inventory levels for each product
C) setting price points for each product
D) determining inventory levels at retail outlets
1. Right Answer: B
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: A
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: A
Explanation:
Explanation:
2. Right Answer: C
Explanation:
3. Right Answer: A
Explanation:
4. Right Answer: B
Explanation:
5. Right Answer: A
Explanation:
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