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Certified Supply Chain Professional Questions and Answers

Question 5

Which of the following situations is an example of inventory being held as a way to balance supply and demand?

Options:

A manufacturer holds inventory of key components to maintain a level production schedule.

A manufacturer of seasonal products builds finished-goods inventory before the peak selling period.

A distributor maintains safety stock of slow-moving items at a central distribution center.

A retailer stocks a variety of sizes and colors of a fast-selling item to avoid losing sales.

Question 6

A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:

Options:

$29,000,000.

$15,750,000.

$10,500,000.

$ 5,250,000.

Question 7

A firm supplies products and services to a wide variety of industries with varying requirements for responsiveness and reliability. Many customers across these industries are not satisfied with the firm’s ability to meet the lead time and on time delivery requirements. Which of the following tools is most appropriate for the firm to use to improve customer service?

Options:

Customer service ratio metrics

Market segmentation

Customer relationship management (CRM)

Supply Chain Operations Reference (SCOR®)

Question 8

Which of the following situations is an example of postponement?

Options:

Shipments are broken down into small groups for reshipment.

Shipments are consolidated immediately for reshipment.

Production begins after a customer order is received.

Partially assembled goods are assembled at a later stage.

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Certified Supply Chain Professional Questions and Answers

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