Online Access Free APICS.CSCP.v2023-01-30.q165 Practice Test (Page 5)

CSCP Exam Question 16

Which of the following types of raw materials would be most appropriate to source via an Internet-based trading exchange?

A.Expensive material that is critical to the finished good

B.Inexpensive material for which there are many sources

C.Inexpensive material that is critical to the finished good

D.Expensive material for which there are several substitutes

CSCP Exam Question 17

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?

A.Buy-back contracts

B.Advanced planning and scheduling (APS)

C.Blanket purchase order

D.Business-to-business integration software

CSCP Exam Question 18

A supplier has decided to improve its forecast accuracy by reducing the information lead time from the retailer. Which of the following actions would be most appropriate to achieve the desired result?

A.Reducing its quoted lead time

B.Eliminating sales and promotions

C.Utilizing electronic data interchange

D.Decentralizing demand information

CSCP Exam Question 19

Using financial tools to minimize the impact of currency fluctuations is an example of what type of risk management strategy?

A.Prevention

B.Diversification

C.Mitigation

D.Recovery

CSCP Exam Question 20

Which of the following considerations is an important supply chain design decision?

A.Product design

B.Selecting supporting information systems

C.Identifying labor force requirements

D.Identifying training programs

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