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APICS CSCP (Certified Supply Chain Professional) Exam is a credential that is recognized globally for professionals who are looking to advance their careers in supply chain management. CSCP exam is designed to test an individual’s knowledge and abilities in the areas of supply chain strategy, planning, sourcing, production, delivery, and returns. The CSCP Certification is the only certification in supply chain management that is endorsed by the American Production and Inventory Control Society (APICS).
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APICS Certified Supply Chain Professional Sample Questions (Q376-Q381):
NEW QUESTION # 376
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?
Answer: C
NEW QUESTION # 377
Which of the following relationships has the maximum degree of independence ofownershipand the minimum degree of integration?
Answer: A
NEW QUESTION # 378
A firm has determined its cash-to-cash cycle time to be 60 days. The number of days' payables outstanding is
25, and number of days' sales outstanding is 35. If the firm reduces its inventory by 20%, the new cash-to-cash cycle time, in days, will be approximately:
Answer: C
Explanation:
The cash-to-cash cycle time is calculated as the sum of days' sales outstanding (DSO), days' inventory outstanding (DIO), and minus days' payables outstanding (DPO). Given:
* Cash-to-cash cycle time = 60 days
* DSO = 35 days
* DPO = 25 days
First, determine the DIO: =60+2535=50 daysDIO=60+2535=50 days
If inventory is reduced by 20%, the new DIO is: =50×(10.20)=40 daysDIOnew=50×(10.20)=40 days Now, calculate the new cash-to-cash cycle time: New cash-to-cash cycle time=+New cash-to-cash cycle time= DSO+DIOnewDPO New cash-to-cash cycle time=35+4025=50 daysNew cash-to-cash cycle time=35+4025=50 days Therefore, the new cash-to-cash cycle time will be approximately 50 days. References:
* Coyle, J. J., Langley, C. J., Novack, R. A., & Gibson, B. (2016). Supply Chain Management: A Logistics Perspective. Cengage Learning.
* Jacobs, F. R., & Chase, R. B. (2020). Operations and Supply Chain Management. McGraw-Hill Education.
NEW QUESTION # 379
A company faces highly unpredictable demand for an end item. Which of the following production methods would work best for meeting customer demand within a reasonable lead time?
Answer: C
NEW QUESTION # 380
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?
Answer: D
Explanation:
Advanced planning and scheduling (APS) systems are designed to optimize production schedules, manage supply chain operations, and balance supply and demand. APS systems use algorithms and data to generate feasible and efficient production plans, considering constraints such as capacity, lead times, and demand variability. By accurately planning inventory needs, APS helps minimize stock-outs and reduces the risk of holding obsolete inventory. While tools like blanket purchase orders, buy-back contracts, and business-to-business integration software have their benefits, APS provides a comprehensive solution for aligning inventory levels with demand forecasts and production schedules. References:
* Vollmann, T. E., Berry, W. L., Whybark, D. C., & Jacobs, F. R. (2005). Manufacturing Planning and Control for Supply Chain Management. McGraw-Hill Education.
* Stadtler, H., & Kilger, C. (2008). Supply Chain Management and Advanced Planning: Concepts, Models, Software and Case Studies. Springer.
NEW QUESTION # 381
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