Exam 3: APICS Certified Supply Chain Professional

A company recently implemented a new supplier rating system. Data was collected from the enterprise resources planning system about each vendor's rating for cost, quality, and delivery over 12 months. A cutoff point was established for poor performers. The responsible purchasing agent then scheduled meetings with each supplier. Which of the following actions is most appropriate to take with suppliers whose ratings were below the cutoff point?

Risk pooling enables a lower total inventory level without affecting service levels based on which of the following assumptions?

A supply chain manager wishes to reduce the time required to execute the order delivery process. Which of the following would be an appropriate first step for this initiative?

Which of the following activities occurs as part of the sales and operations planning process?

A clothing company focuses its attention on high-fashion products and rapid product development. Which of the following types of value is the company trying to create?

Distribution from which of the following types of sites enables goods to enter a country, undergo further modification, and then be exported without paying customs duties?

The design process by which a firm structures and manages the supply chain to achieve optimization is called:

Cost reduction, improvement of company focus, and freeing assets from noncore activities are among the results achieved through effective implementation of:

Which of the following actions typically would be the first step in implementing the philosophy of customer relationship management?

Using financial tools to minimize the impact of currency fluctuations is an example of what type of risk management strategy?

Which of the following organizational design choices is an example of vertical integration?

A company wants to reduce lead time while minimizing inventory costs. Which of the following approaches is most appropriate to implement?

Interpersonal communication skills and negotiation with suppliers is important because it:

Which of the following strategies would increase overall supply chain risk?

A company's decision to charge different prices for the same service sold in different market segments is most likely based on which of the following metrics?

Which of the following actions most accurately describe the enforcement for violations of the Global Reporting Initiative (GRI) sustainable reporting guidelines?

A manufacturer's inventory levels are growing and service levels are dropping. Which of the following supply chain strategies is most appropriate to reduce inventory and improve service?

The probability of customer dissatisfaction is highest when which of the following conditions exists?

Which of the following strategies can be used to help manage global risks?

When deciding whether to make a component internally or to outsource production, a company must: