Free Access APICS.CSCP.v2022-07-28.q245 Practice Test (Page 18)

Question 81

A company has designed its supply chain so that financial losses in one part of the supply chain will be offset by gains in another part. The company is employing which of the following strategies to address global risk?

A.Product shifting

B.Speculation

C.Flexibility

D.Hedging

Question 82

What is the impact on annual holding costs of decreasing the order quantity?

A.annual holding costs remains constant

B.annual holding costs increase

C.annual holding costs decrease

D.cannot tell impact on annual holding cost

Question 83

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 which of the following strategies?

A.Using a third-party logistics provider.

B.Selling and leasing back equipment.

C.Using an owner-operator fleet.

D.Renting equipment on consignment.

Question 84

All of the following are situations where a product-centric supply chain would be preferredEXCEPT:

A.varied customer base with differing requirements

B.multiple products with differing production technologies

C.cost-driven business

D.capital-intensive production technology

E.homogeneous customer base

Question 85

A primary objective of a lean enterprise is to:

A.continuously improve processes and procedures to maintain a level production schedule.

B.create value for its suppliers by incorporating lean manufacturing principles into a supplier certification process.

C.employ people who have enhanced abilities to learn and adapt to the corporate culture.

D.analyze and focus the value stream along all functions to maximize value for the ultimate customer.

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Question 81

Question 82

Question 83

Question 84

Question 85

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