APICS APICS Certifications CSCP Questions & Answers

• Question 961:

  What is the first step in devising an effective supply chain strategy ?

  A. analyze the product life cycle

  B. consider the nature of demand for products

  C. make demand predictable

  D. increase product variety

  E. decrease market standard for lead time

  Correct Answer: B

• Question 962:

  Which of the following is a major reason why the cost of supply chains have risen to unprecedented levels?

  A. adversarial relations between supply chain partners

  B. mass-customization

  C. lean principles have not been effectively applied

  D. lack of technology

  E. b and c are correct

  Correct Answer: A

• Question 963:

  What is the primary purpose of a market-responsive supply chain?

  A. supply predictable demand efficiently at the lowest possible cost

  B. shorten lead times as long as it doesn't increase cost

  C. respond quickly to unpredictable demand

  D. maintain high average utilization rate

  Correct Answer: C

• Question 964:

  For functional products, what is the average margin of error in the forecast at the time production is committed?

  A. 5%

  B. 40%

  C. 15%

  D. 10%

  E. None of the above

  Correct Answer: D

• Question 965:

  What practice corresponds to stocking up in response to a product price cut?

  A. demand lumping

  B. forward buying

  C. sell-through

  D. turn-and-earn

  E. none of the above

  Correct Answer: B

• Question 966:

  What has caused dysfunctional industry practices that have caused supply chain costs to rise?

  A. price promotion

  B. new technology implementations

  C. mass customization

  D. ISO standards

  Correct Answer: A

• Question 967:

  All of the following are reasons why companies introduce innovation to traditionally functional product categories EXCEPT:

  A. increase in the number of competitors

  B. increase in the rate of new product introductions in the market

  C. a move towards cost reduction practices in industry

  D. increase in the efforts of current competitors to protect or increase their profit margins

  Correct Answer: C

• Question 968:

  All of the following are part of a physically efficient supply chain EXCEPT:

  A. manufacturing focus is maintain high average utilization rate

  B. select suppliers primarily for cost and quality

  C. high number of inventory turns

  D. supply predictable demand efficiently

  E. aggressively reduce lead-times Product?

  Correct Answer: E

• Question 969:

  What are the main functions of the supply chain?

  A. Physical Function

  II. Marketing Function

  III. Market Mediation Function

  B. I only

  C. II only

  D. III only

  E. I and III

  F. I, II, and III

  Correct Answer: D

• Question 970:

  Match the product type (functional and innovative. and the supply chain type (efficient and responsive).

  A. Functional-Responsive, Innovative-Responsive

  B. Functional-Responsive, Innovative-Efficient

  C. Functional-Efficient, Innovative-Responsive

  D. Functional-Efficient, Innovative-Efficient

  Correct Answer: C