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Preparations of CSCP Exam 2021 Supply Chain Professional Unlimited 387 Questions
NEW QUESTION 134
The main benefit of a mass customization product design strategy is to:
- A. sell high quantities of product to specific customer segments.
- B. offer more product variety while keeping inventories low.
- C. achieve economies of scale in purchasing components.
- D. avoid assembly of finished products.
Answer: B
NEW QUESTION 135
Which of the following benefits of supplier relationship management typically results from collaboration with a few critical suppliers?
- A. Automation of supplier sales activities
- B. Elimination of formal contracts
- C. Standardization of communications
- D. Reduction in customer and supplier inventories
Answer: D
Explanation:
Section: Fundamentals of Supply Chain Management
NEW QUESTION 136
What is used to track all of the properties of each data element in a database?
- A. data manipulation language
- B. java programming language
- C. data dictionary
- D. data definition language
- E. structured query language
Answer: C
NEW QUESTION 137
A firm supplies a single line of products to consumers using retail stores and on-line sales, distributors, and wholesalers. Currently the firm has common pricing and response times for sales in each sales channel. Which of the following tools is most appropriate to employ to improve profitability?
- A. Customer relationship management (CRM)
- B. Customer segmentation
- C. Customer-facing ordering systems
- D. Supply Chain Operations Reference (SCOR®)
Answer: B
NEW QUESTION 138
An increase in the inventory turnover rate for a supply chain typically would indicate that there has been a reduction in:
- A. supply chain cost of sales.
- B. the manufacturer's inventory.
- C. prices to the end user.
- D. the total supply chain inventory.
Answer: D
NEW QUESTION 139
In large supply chain transformation efforts, companies often ignore which critical component of change?
- A. Technology
- B. Customers
- C. Suppliers
- D. Culture
Answer: A
Explanation:
Section: Mixed questions
NEW QUESTION 140
Which pricing strategy will help diminish the bullwhip effect?
- A. quarterly sales quotas
- B. periodic price promotions
- C. everyday low pricing strategy
- D. seasonal promotions
- E. variable pricing
Answer: C
NEW QUESTION 141
The most cost-effective way to increase the velocity of goods in a supply chain is to:
- A. establish warehouses near major retail outlets.
- B. subcontract with multiple third-party logistics (3PL) providers who are located at strategic locations.
- C. switch to a faster mode of transportation.
- D. improve the way the supply chain handles goods that are not in motion.
Answer: B
NEW QUESTION 142
A company's decision to charge different prices for the same service sold in different market segments is most likely based on which of the following metrics?
- A. Internal rate of return (IRR)
- B. Lifetime customer value (LCV)
- C. Net present value (NPV)
- D. Return on investment (ROI)
Answer: B
NEW QUESTION 143
Which of the following is the most important result when a company implements customer relationship management?
- A. Retention of key customers is increased.
- B. Profits are maximized.
- C. Transaction costs are decreased.
- D. Product options are increased.
Answer: A
Explanation:
Section: Fundamentals of Supply Chain Management
Explanation
NEW QUESTION 144
All of the following are typically contributed exclusively by operations during an S&OPmeeting EXCEPT:
- A. methods for information exchange
- B. alternate paths to end-users
- C. new product plans and requirements
- D. production locations and third party sources
- E. capacity constraints and plans for addressing them
Answer: C
NEW QUESTION 145
A business is changing from a business to business model to a business to consumer model. Which of the following statements about this supply chain change is true?
- A. Average supplier order size will increase.
- B. Number of customer orders will increase.
- C. Number of supplier orders will increase.
- D. Returns from customers will decrease.
Answer: B
Explanation:
Section: Supply Chain Strategy, Design, and Compliance
NEW QUESTION 146
Which of the following activities typically would be an appropriate application of the ISO 31000 Risk Management Principles and Guidelines?
- A. Projecting the ability of a facility to recover from an event
- B. Preparing for risk management accreditation
- C. Establishing external risk communications processes
- D. Calculating a risk index for each facility
Answer: C
Explanation:
Section: Supply Chain Strategy, Design, and Compliance
NEW QUESTION 147
Which of the following is a reason why optimizing supply chain performance is difficult?
- A. inherent certainty of demand
- B. dynamic nature of the supply chain
- C. inherent certainty of supply
- D. tradeoffs are practically non-existent
- E. trading partners have similar objectives
Answer: B
NEW QUESTION 148
Risk pooling enables a lower total inventory level without affecting service levels based on which of the following assumptions?
- A. The planning time fence can be adjusted as needed.
- B. Inventory turnover ratio can be reduced.
- C. Aggregate demand is more accurate than disaggregate demand.
- D. The supplier shares some risk for holding inventory.
Answer: C
NEW QUESTION 149
Which of the following corresponds to the area labeled "A" in the House of Quality shownbelow?
- A. "what" or customer requirements
- B. correlation matrix
- C. "how much"
- D. "why" or competitive assessment
- E. "how" or product/service features
Answer: A
NEW QUESTION 150
A possible risk of licensing other companies to manufacture products is:
- A. the products being over priced
- B. the products becoming a commodity
- C. the other companies becoming competitors
- D. losing market share.
Answer: D
NEW QUESTION 151
What is the primary role of marketing in supporting supply chain management?
- A. Working with research and development on slow-moving products
- B. Selecting favored supplier partners
- C. Developing efficient customer channels
- D. Focusing on short-term forecasting accuracy
Answer: C
Explanation:
Section: Fundamentals of Supply Chain Management
NEW QUESTION 152
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