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?
A. Close prototype phase and move to production phase
B. Stay in prototype phase and issue formal corrective action to address prototype yield only
C. Stay in prototype phase and issue formal corrective action to address all key performance indicators
D. Close prototype phase and move to production phase with verbal understanding that yield needs to increase
Which of the following inventory-related costs typically is used only for decision making?
A. Carrying costs
B. Procurement overhead
C. Demurrage
D. Obsolescence
Which of the following functions is most relevant for tactical purchasing?
A. Supplier selection
B. Target costing
C. Order placement
D. Product design
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:
A. cash-to-cash cycle time
B. supply chain cost
C. cost of goods sold (COGS)
D. order fulfillment cycle time
Overall supply chain risk may be increased by implementing which of the following strategies?
A. Single sourcing a product that makes the highest annual profit
B. Outsourcing products that are not well suited to a company's operations
C. Identifying multiple sources for a product with the potential for supply chain disruption
D. Internally manufacturing products with high levels of technical intellectual property
Which of the following tools allows supply chain partners to exchange information related to product demand and supply of their resources?
A. Global logistics and international standards
B. Collaborative planning, forecasting, and replenishment (CPFR)
C. Supplier relationship applications
D. Advanced planning and scheduling (APS) systems
Which of the following processes is a feature of supply chain event management (SCEM) software?
A. Posting transactions within a supply chain
B. Minimizing the total inventory level in a supply chain
C. Scheduling events to enable vendors and customers to conduct business efficiently
D. Triggering business rules when exceptional events occur in a supply chain
An retailer wants to implement customer relationship management (CRM). The first step in the implementation process is to:
A. update the customer master file
B. become customer-centric
C. decide on CRM software
D. select an implementation partner
A company striving to improve its supply chain financial performance should concentrate on which of the following metrics?
A. Order fill rate
B. Days of inventory
C. Takt time
D. Supply chain agility
The total cost of ownership (TCO) measurement includes:
A. accounts payable
B. tangible and intangible costs
C. return on investment (ROI)
D. net present value
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