Question 1

Producing finished goods in a manufacturing environment has which of the following financial impacts?

Accepted Answer

A)  Conversion of assets to overhead costs 
B)  Conversion of overhead costs to assets 
C)  Conversion of overhead costs to liabilities 
D)  Conversion of assets to equity 
A)  Conversion of assets to overhead costs 
B)  Conversion of overhead costs to assets 
C)  Conversion of overhead costs to liabilities 
D)  Conversion of assets to equity

Question 2

Which of the following circumstances must exist to implement a warehouse management system (WMS)?

Accepted Answer

A)  The warehouse must utilize a random location system 
B)  The facility must be able to put away product and identify the physical product location 
C)  The facility must have implemented radio frequency identification (RFI
D)  
D)  The warehousing and enterprise resources planning (ERP) systems must directly interact 
A)  The warehouse must utilize a random location system 
B)  The facility must be able to put away product and identify the physical product location 
C)  The facility must have implemented radio frequency identification (RFI
D)  
D)  The warehousing and enterprise resources planning (ERP) systems must directly interact

Question 3

A large wholesaler formerly owned a number of delivery trucks. The wholesaler sold all of its trucks and now purchases transportation services from fleet operators. This is an example of using which of the following distribution models?

Accepted Answer

A)  Fourth-party logistics (4PL) provider 
B)  Forward logistics provider 
C)  Third-party logistics (3PL) provider 
D)  Spot stock warehousing 
A)  Fourth-party logistics (4PL) provider 
B)  Forward logistics provider 
C)  Third-party logistics (3PL) provider 
D)  Spot stock warehousing

Question 4

In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage:

Accepted Answer

A)  top performing suppliers in the areas of quality, cost, and availability. 
B)  crowdsourcing for design capital requirements. 
C)  e-commerce trading methods. 
D)  concurrent engineering or participative design. 
A)  top performing suppliers in the areas of quality, cost, and availability. 
B)  crowdsourcing for design capital requirements. 
C)  e-commerce trading methods. 
D)  concurrent engineering or participative design.

Producing finished goods in a manufacturing environment has which of the following financial impacts?

Which of the following circumstances must exist to implement a warehouse management system (WMS)?

A large wholesaler formerly owned a number of delivery trucks. The wholesaler sold all of its trucks and now purchases transportation services from fleet operators. This is an example of using which of the following distribution models?

In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage:

Certification in Logistics, Transportation and Distribution

CPIM - Basics of Supply Chain Management

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Exam 3: APICS Certified Supply Chain Professional

Producing finished goods in a manufacturing environment has which of the following financial impacts?

Which of the following circumstances must exist to implement a warehouse management system (WMS)?

A large wholesaler formerly owned a number of delivery trucks. The wholesaler sold all of its trucks and now purchases transportation services from fleet operators. This is an example of using which of the following distribution models?

In order to bring a new product to market quickly while maximizing customer value and minimizing costs, a company should leverage:

Certification in Logistics, Transportation and Distribution

CPIM - Basics of Supply Chain Management

Filters