Exam 3: APICS Certified Supply Chain Professional

A firm has increased finished-goods inventories for several products to compensate for increased variability in demand. The firm analyzed shipment data and determined that the variability was due to a few customers placing large orders for single shipments to obtain discounts. Which of the following actions is the firm most likely to take to maintain sales and reduce variability in demand?

Customizing can be an effective warehousing strategy because it allows a company to:

Managing supply chain risks includes which of the following activities?

Which of the following responses to risk best describes the evolving concept of flexibility in supply chain risk management?

A firm is undertaking a revision of its financial metrics to make them more comprehensive and has decided to use metrics such as return on investment (ROI), return on assets (ROA), and economic value added (EVA). This is an example of utilizing which of the following types of metrics?

A product design that can be produced to requirements even when conditions in the production process are unfavorable typically is known as what type of design?

A supplier disputes a low rating generated by a company's enterprise resources planning (ERP) system. Which of the following actions by the purchasing agent is most appropriate?

Which of the following measures would be an appropriate indicator of the marketing and sales organization's support of the sales and operations planning (S&OP) process?

The four risks of supply chain risk management are supply, demand:

Replacing a raw material in a manufacturing process with an alternate material that reduces emissions is an example of using:

Which of the following statements best describes the goals of strategic sourcing?

A company seeking to maximize supply chain efficiency and to streamline order processing should first:

A company currently produces custom goods for a limited market. To increase market share, the company will implement a strategy to reduce the number of products it produces and reduce delivery lead time. The company can increase its chances of achieving the strategy by:

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?

On-time delivery performance in the supply chain can best be improved by aligning required capacity with what type of capacity?

A company most likely would implement a supplier certification program to:

Which of the following types of information would be an appropriate basis for a qualitative forecast?

A firm is expanding into a new market with import/export tariffs and needs a warehouse to accept, store, and ship its general merchandise product. What type of public warehouse in the new market would best meet the firm's needs?

The purchasing manager of a company wants to minimize stock-outs as well as obsolete inventory. Which of the following tools needs to be implemented?

Production of a company's highest profit items is dependent upon the purchase of high-quality circuit boards. Which level of collaboration should the company develop with their supplier?