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NEW QUESTION 1
Continuous process improvement is characterized by which two of the following key steps?
- A. Quality circles and benchmarking
- B. Process review and supplier audits
- C. Analysis and assessment
- D. Observation and selection
Answer: C
NEW QUESTION 2
Which of the following results can be expected from sharing a common understanding of demand and consumption patterns among supply chain participants?
- A. Improved transparency of collaboration relationships
- B. Increased performance in balanced scorecard
- C. Reduced inventory levels for key items
- D. Better synchronization of planning and operations
Answer: D
NEW QUESTION 3
A company uses multiple ingredients to make a product that is sold in multiple countries. Each country requires country-specific labels. A third-party supplier provides the country- specific labels. The most appropriate push-pull interface is:
- A. raw materials to product.
- B. product to labels.
- C. finished product with labels.
- D. customer to finished product.
Answer: B
NEW QUESTION 4
Continuous improvement is best described as:
- A. a never-ending effort to expose and eliminate root causes of problems.
- B. a never-ending effort by the management team to reduce cycle time.
- C. identifying and implementing big-step improvements within a process.
- D. a process in which a supplier commits to replenishing inventory based on demand without receiving replenishment orders.
Answer: A
NEW QUESTION 5
A manufacturer has direct relationships with its tier 1 suppliers. Which of the following supplier capabilities is a benefit to the manufacturer establishing a direct relationship with lower-tier suppliers?
- A. Provides smaller lot sizes
- B. Provides components with short lead times
- C. Provides Just in Time deliveries
- D. Provides information about impending shifts in the economy
Answer: D
NEW QUESTION 6
Which of the following measures effectively evaluates overall resources in a distribution warehouse?
- A. Throughput
- B. Cube utilization
- C. Filled pallet positions
- D. Labor efficiency
Answer: A
NEW QUESTION 7
Which of the following strategies is most appropriate for managing unknown risks in a global supply chain?
- A. Vertical integration
- B. Technology integration with suppliers
- C. Investing in redundancy
- D. Strengthening supplier relationships
Answer: C
NEW QUESTION 8
Effective sales and operation planning (S&OP) is most likely to result in which of the following benefits?
- A. Better customer service
- B. Better product quality
- C. Lower product cost
- D. Lower work-in-process (WIP) inventory
Answer: A
NEW QUESTION 9
The social dimension of sustainability typically would be addressed when developing and implementing policies regarding:
- A. accounting practices.
- B. biodiversity protection.
- C. conflicts of interest.
- D. waste reduction.
Answer: C
NEW QUESTION 10
The most appropriate reason for a business to comply with the United Nations (UN) Global Compact practices typically would be to:
- A. enhance the competitive advantage.
- B. gain access to proven management tools.
- C. reduce the threat of organized labor.
- D. reduce the cost of operating in multiple countries.
Answer: A
NEW QUESTION 11
Value stream mapping is a useful tool primarily because it:
- A. redefines supply chain relationships.
- B. is completed in 1 or 2 days.
- C. is used to improve efficiency in a specific area.
- D. looks at the entire supply chain rather than an isolated process.
Answer: D
NEW QUESTION 12
A company regularly issues sustainability reports in accordance with the Global Reporting Initiative (GRI) framework and uses the reports to track continuous improvement. Which of the following topics could be found in the sustainability reports?
- A. Labor practices
- B. Product specifications
- C. Raw material costs
- D. Currency exchange rates
Answer: A
NEW QUESTION 13
Marketing affects supply chain management decisions primarily by its involvement in:
- A. analyzing economic indicators.
- B. pricing, placing, and promoting products.
- C. determining product requirements.
- D. determining forecast error.
Answer: B
NEW QUESTION 14
Functional products require which of the following types of supply chain process?
- A. Restrictive
- B. Innovative
- C. Efficient
- D. Integrated
Answer: C
NEW QUESTION 15
Which of the following types of information would be an appropriate basis for a qualitative forecast?
- A. Leading indicators
- B. Market research data
- C. Order history
- D. Shipment history
Answer: B
NEW QUESTION 16
Which of the following statements describes a continuous replenishment strategy in a retail environment?
- A. Retailers make replenishment decisions.
- B. Retailers prepare individual orders and share sales data with vendors to improve customer service.
- C. Vendors use sales data and prepare shipments to maintain the desired level of inventory.
- D. Vendors take full control of inventory policy.
Answer: C
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