21 June, 2023

Improve Certified Supply Chain Professional CSCP Preparation Labs

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Online CSCP free questions and answers of New Version:

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Total 399 questions Full Exam Access

Question 1

- (Topic 3)
A company that desires to implement a strategy for inventory management must define which of the following factors?

Reliability and maintainability requirements

Variability in the customer demand

Overall item effectiveness

Inventory carrying costs

Question 2

- (Topic 3)
Which of the following issues recently has caused companies to rethink implementation or continued use of a Just-in-Time system?

The upward trend in inventory carrying costs

The reduced number of potential suppliers

The elimination of billing documents

Higher transportation costs

Question 3

- (Topic 3)
A company is aggressively pursuing improvements in the financial performance of its supply chain. The company should first focus its efforts on which of the following metrics?

Process takt time

Cycle count accuracy

Number of inventory turns

Number of first-tier suppliers

Question 4

- (Topic 3)
Which of the following metrics is the most appropriate measure of supply chain responsiveness?

Order fulfillment lead times

Percentage of orders delivered on time

Retail inventory days of supply

Upside production flexibility

Question 5

- (Topic 3)
Which of the following costs is an example of ordering cost?

Inspection labor

Obsolesence

Cost of capital invested

Insurance

Question 6

- (Topic 3)
A firm has identified key benefits for developing a strategic alliance and has selected appropriate supply chain partners. Which of the following actions should the firm take to build a successful alliance with a supplier who is also a competitor?

Establish an internal committee to limit shared information.

Negotiate contracts that maximize the firm's profits.

Instruct employees to ignore the competitive aspect of the relationship.

Encourage employees to cooperate with the supplier.

Question 7

- (Topic 3)
Short order cycles to facilitate rapid replenishment will result in:

minimal in-process inventory.

fewer inventory moves.

improved communications to customers.

increased supplier collaboration.

Question 8

- (Topic 1)
Risk pooling enables a lower total inventory level without affecting service levels based on which of the following assumptions?

Inventory turnover ratio can be reduced.

Aggregate demand is more accurate than disaggregate demand.

The planning time fence can be adjusted as needed.

The supplier shares some risk for holding inventory.

Question 9

- (Topic 1)
Which of the following corporate strategies is most consistent with a flexible supply chain strategy?

Being the low-price leader

Providing the highest-quality service

Providing mature products with stable sales

Emphasizing the quality of the product

Question 10

- (Topic 1)
The focus of collaborative supply chain management differs from a transactional approach by its emphasis on the:

transportation of goods to the next link in the chain.

flow of product information up to the next level of the chain.

flow of demand information and cash up the chain.

flow of supply into an organization.

Question 11

- (Topic 3)
A company that locates manufacturing facilities in different countries so that an economic downturn in one country most likely will be offset by business in another country is employing what type of strategy?

Speculative

Hedge

Flexible

Forecast

Question 12

- (Topic 1)
A firm supplies products and services to a wide variety of industries with varying requirements for responsiveness and reliability. Many customers across these industries are not satisfied with the firm’s ability to meet the lead time and on time delivery requirements. Which of the following tools is most appropriate for the firm to use to improve
customer service?

Customer service ratio metrics

Market segmentation

Customer relationship management (CRM)

Supply Chain Operations Reference (SCOR®)

Question 13

- (Topic 3)
Use of a private warehouse is most appropriate when a firm needs to:

adjust warehouse capacity easily for seasonal products.

perform a limited number of specialized activities for customers.

control operating policies and hours to respond to changes in market demand.

take advantage of economies of scale and scope to increase profitability.

Question 14

- (Topic 3)
Managing risk should be a strategic part of supply chain management because:

the occurrence of unanticipated risks essentially can be eliminated.

not all members of the supply chain consider and respond to the same types of risks.

substantial financial penalties can be assessed if legal requirements are not met.

it helps to reduce the occurrence and consequences of unplanned negative events.

Question 15

- (Topic 3)
Which of the following factors typically is most critical to effective change management?

Early involvement of key stakeholders

Extensive stakeholder education

Analysis of the root causes of problems

Quantification of potential benefits of the change

Question 16

- (Topic 1)
Which of the following scenarios represents a correct application of the Supply-Chain Operations Reference-model (SCOR)?

Sales and marketing refers to SCOR to improve demand generation.

Production and engineering uses SCOR best practices to design a new "make" process flow.

Distribution and logistics selects suppliers from the SCOR reference list.

Marketing and development incorporates SCOR Level I metrics for new product design.

Question 17

- (Topic 2)
Customizing can be an effective warehousing strategy because it allows a company to:

allocate available storage space to optimize handling costs.

address trade-offs between space and material handling needs.

effectively design its inbound and outbound dock areas.

add value to the product through modification, labeling, and packaging.

Question 18

- (Topic 3)
The logistics value proposition involves matching:

identification of appropriate sourcing partners with service reliability metrics.

activity-based costing practices with supply chain financial strategy.

cost minimization practices with balanced scoreboard performance.

operating competency and commitment with key customer requirements.

Question 19

- (Topic 3)
Which of the following tools is most appropriate to use to determine projects that will achieve the greatest net benefits?

Pareto diagram

Fishbone diagram

Process flow diagram

Operation process chart

Question 20

- (Topic 1)
A large manufacturer wanting to be more competitive in the global market place decided to outsource its transportation and return processing to other companies on a contractual basis. The companies providing the services would be referred to as:

fourth party logistics providers.

third party logistics providers.

retail services providers.

distribution services providers.

Question 21

- (Topic 2)
Which of the following factors typically is most important in successfully implementing sales and operations planning (S&OP)?

Involvement of specialists from all functional groups within an organization

Creation of a dedicated S&OP organizational unit

Involvement and accountability at senior management level

Focus on 3 months to 18 months in the future

Question 22

- (Topic 2)
Which of the following measures effectively evaluates overall resources in a distribution warehouse?

Throughput

Cube utilization

Filled pallet positions

Labor efficiency

Question 23

- (Topic 1)
A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:

$29,000,000.

$15,750,000.

$10,500,000.

$ 5,250,000.

Question 24

- (Topic 3)
Which of the following procurement strategies is most appropriate for a high-risk, high- value item?

Procuring in bulk to take advantage of volume pricing

Using an electronic trading platform to source items securely

Entering into vendor managed inventory (VMI) agreement

Creating a close collaborative relationship with the supplier

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Total 399 questions Full Exam Access