A firm is undertaking a revision of its financial metrics to make them more comprehensive and has decided to use metrics such as return on investment (ROI), return on assets (ROA), and economic value added (EVA). This is an example of utilizing which of the following types of metrics?
A. Activity based
B. Stakeholder focused
C. Financial sustainability
D. Value chain
Inventory parameters established using analytic inventory techniques typically are based on balancing:
A. supply and dependent demand.
B. customer service and inventory costs.
C. transportation and warehousing costs.
D. inventory levels and decision-making costs.
Which of the following statements about the use of bar code labels for product identification in the supply chain is true?
A. They have been replaced by radio frequency identification tags.
B. They can be read by devices 1 to 3 meters from the item.
C. They facilitate the capture of information about the location of items.
D. Each of the trading partners must apply a unique label.
The customer who provides point-of-sale data remains the sole decision-maker regarding order quantities when what type of inventory strategy is used?
A. Continuous replenishment
B. Advanced continuous replenishment
C. Vendor-managed replenishment
D. Quick response
What is the primary benefit of using a central storage warehouse for all components rather than using point-of-use storage?
A. Reduced need for bar codes and radio frequency identification technology
B. Reduced material handling costs
C. Ease of control and count accuracy
D. Maintain a cleaner shop floor
A company that has consistently achieved a high level of on-time delivery performance has decided to reduce its inventory level significantly. Which of the following outcomes is the most likely effect of that decision on the company's on time delivery performance?
A. There will be no effect.
B. It will decline and then stabilize at a lower level.
C. It will improve and then stabilize at a higher level.
D. It will decline until sales erode.
Allowing for organizational restructuring is an example of which of the following steps in creating successful strategic alliances among suppliers?
A. Managing multifaceted relationships
B. Negotiating a win-win deal
C. Planning for change
D. Conducting pulse checks
The strategy to implement supplier relationship management has been developed. The most appropriate next step is to:
A. develop criteria for prospective partners.
B. develop policies for alliances.
C. select initial partners.
D. conduct a pilot implementation.
What are the steps in the supplier relationship process?
A. Measure, fulfill, document, model
B. Source, document, manage
C. Measure, procure, fulfill, model
D. Source, procure, fulfill, manage
The best way to manage a business relationship is to measure performance to:
A. cost of ownership metrics.
B. quality targets.
C. on-time delivery.
D. agreed-upon metrics.
Nowadays, the certification exams become more and more important and required by more and more enterprises when applying for a job. But how to prepare for the exam effectively? How to prepare for the exam in a short time with less efforts? How to get a ideal result and how to find the most reliable resources? Here on Vcedump.com, you will find all the answers. Vcedump.com provide not only APICS exam questions, answers and explanations but also complete assistance on your exam preparation and certification application. If you are confused on your CSCP exam preparations and APICS certification application, do not hesitate to visit our Vcedump.com to find your solutions here.