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NEW QUESTION # 230
What is the Japanese term for continuous improvement?
- A. keiretsu
- B. heijunka
- C. hoshin
- D. kaizen
- E. jidoka
Answer: D
NEW QUESTION # 231
All of the following are significant changes required in supply chain processes to build ademand-driven enterprise EXCEPT:
- A. access to real demand data (visibility)
- B. creation of independent monthly forecasts for each supply chain partner
- C. trust and collaboration among supply chain partners
- D. agility
Answer: B
NEW QUESTION # 232
Effective data acquisition for supply chain management requires:
- A. establishment of market standards for forecasting accuracy.
- B. establishment of a six-segment matrix classifying function and innovation.
- C. identification of products that have market predictability.
- D. identification of the proper supply chain profile for the product type.
Answer: D
NEW QUESTION # 233
A return material authorization (RMA) policy is used in reverse logistics to:
- A. physically transport returned items by using an efficient transportation mode.
- B. reduce the cost of returned items by refusing to accept items that should not be returned.
- C. minimize the number of returned items by involving product design and demand forecasting.
- D. reclaim substantial value from returned items by recycling.
Answer: B
NEW QUESTION # 234
The design of the supply chain typically needs to be reevaluated when changes occur in any ofthe following EXCEPT:
- A. product mix
- B. production processes
- C. demand patterns
- D. sourcing strategies
- E. employee scheduling
Answer: E
NEW QUESTION # 235
Which of the following is the most important result when a company implements customer relationship management?
- A. Product options are increased.
- B. Retention of key customers is increased.
- C. Transaction costs are decreased.
- D. Profits are maximized.
Answer: B
NEW QUESTION # 236
A juice manufacturer wants to determine the time required to convert a dollar spent on materials into a dollar received in sales. Which of the following metrics would be most appropriate to make this determination?
- A. Inventory carrying cost
- B. Activity-based costing
- C. Average financial turnover
- D. Cash-to-cash cycle time
Answer: D
NEW QUESTION # 237
The question below is based on the following flowchart:
Which of the following phrases most accurately describes the complete flow of demand information?
- A. From customer to supplier
- B. From supplier to customer
- C. From supplier to manufacturer
- D. From customer to manufacturer
Answer: A
NEW QUESTION # 238
Which of the following are advantages of a centralized procurement organization?
I. creates tax reduction opportunities II. can optimize staffing and systems costs
III.
should result in increased buying power
- A. I
- B. II & III
- C. II
- D. I & II & III
- E. III
Answer: D
Explanation:
Article : Capacity Planning : The Antidote to Supply chain constraints Empty Article: supply chain vs supply chain
NEW QUESTION # 239
Which of the following supply chain perspectives is being pursued if a company's initiativesinclude barcoding, RFIDs, and EDI as the primary drivers of supply chain excellence?
- A. BPR and operations innovation viewpoint
- B. procurement viewpoint
- C. information system viewpoint
- D. independent functional areas loosely coupled
- E. logistics viewpoint
Answer: C
NEW QUESTION # 240
Which of the following terms represents a time series forecasting technique?
- A. Causal
- B. Moving average
- C. Mean absolute deviation (MAD)
- D. Multiple regression
Answer: B
NEW QUESTION # 241
When are discrete operating units or so called procurement companies particularly beneficialfor global-procurement initiatives?
- A. communication between trading partners is difficult
- B. transactions cross borders
- C. centralized procurement initiatives focus on consolidation of the supplier base
- D. companies competitively bid against multiple suppliers
Answer: B
NEW QUESTION # 242
Which of the following tools is most appropriate for understanding why products fail?
- A. Pareto analysis
- B. Control chart
- C. Root cause analysis
- D. Run chart
Answer: C
NEW QUESTION # 243
What term is used to describe the basic product or service, the supply chain that delivers it,plus other features and factors that go along with the product or service?
- A. chain product
- B. extended product
- C. mature product
- D. global product
- E. functional product
Answer: B
NEW QUESTION # 244
What does the second T in C-TPAT stand for?
- A. trade-off
- B. trade
- C. terrorism
- D. tariff
- E. time
Answer: C
NEW QUESTION # 245
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