Free Access APICS.CSCP.v2023-09-15.q245 Practice Test (Page 14)

Question 61

An insurance broker is interested in increasing price competition among its carriers. Which of the following strategies would be an efficient way to enable the price reductions?

A.Automate manual processes.

B.Utilize business-to-business (B2B) e-marketplaces.

C.Consolidate the market.

D.Establish long-term partnerships.

Question 62

The use of standardized components typically results in:

A.more items, larger bills of material (BOMS), and increased material requirements planning (MRP) run time.

B.fewer inventory items and inventory levels.

C.increased planning and control efforts to avoid shortages.

D.smaller bills of materials, fewer routings, and fewer manufacturing orders.

Question 63

Which of the following is the key benefit obtained by using technology in supply chain?

A.Invoicing and payment can be done online improving cash-to-cash cycle time

B.Business can quickly tailor their service to customer expectations

C.Display product or service offerings online for easy access to information

D.Orders can be received online and shipped via online system quickly

Question 64

The use of a seasonal index as a forecasting technique measures the ratio of the:

A.average seasonal demand to the average demand for all periods.

B.standard deviation of the seasonal demand to the standard deviation of demand for all periods.

C.average demand for all periods to the average seasonal demand.

D.average seasonal demand to the standard deviation of the demand for all periods.

Question 65

Which of the following sustainability tools is most appropriate for managing environmental compliance with regulatory requirements?

A.ISO 26000

B.United Nations Global Compact

C.ISO 14000

D.Global Reporting Initiative (GRI)

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