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APICS CSCP (Certified Supply Chain Professional) Certification Exam is a globally recognized certification program that is designed to enhance the knowledge and skills of supply chain professionals. Certified Supply Chain Professional certification program is administered by APICS, which stands for the Association for Supply Chain Management, a leading professional association for supply chain and operations management. The CSCP Certification program is designed to equip professionals with the necessary skills and knowledge to effectively manage and improve the overall supply chain operations of their organizations.
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APICS Certified Supply Chain Professional Sample Questions (Q538-Q543):
NEW QUESTION # 538
Keeping all other factors equal, a company typically will try to maintain higher service levels for products with:
- A. shorter lead time.
- B. wider variety.
- C. higher profit margins.
- D. lower sales volumes.
Answer: C
Explanation:
* Context: Companies often prioritize service levels based on the profitability of their products.
* Options Breakdown:
* A. Wider variety: While a wider variety can attract more customers, it does not directly influence the prioritization of service levels.
* B. Shorter lead time: Short lead times are desirable but not the primary reason for maintaining higher service levels.
* C. Higher profit margins: Products with higher profit margins contribute more significantly to the company's bottom line, justifying higher service levels to ensure customer satisfaction and repeat business.
* D. Lower sales volumes: Lower sales volumes typically do not warrant higher service levels due to their limited impact on overall profitability.
* Correct Answer Justification: Companies aim to maintain higher service levels for high-margin products to maximize profitability and customer retention.
:
Supply chain management textbooks
Industry practices on service level prioritization
NEW QUESTION # 539
A company's market is characterized be frequently changing product demand and pressure for short lead times. The company also faces intense competition. To enhance its competitiveness, the company should stress which of the following strategies?
- A. Increase the labor force
- B. Increase work-in-process (WIP) inventory
- C. Reduce cycle times
- D. Match competitors' prices
Answer: C
Explanation:
In a market characterized by frequently changing product demand, short lead times, and intense competition, reducing cycle times is critical to maintaining competitiveness. By reducing the time it takes to produce and deliver products, a company can respond more quickly to changes in demand and market conditions, thereby gaining a competitive edge.
* Increasing the labor force (A) might help in certain situations but does not address the core issue of responsiveness and efficiency.
* Increasing work-in-process (WIP) inventory (B) could lead to higher costs and inefficiencies.
* Matching competitors' prices (D) addresses price competition but does not enhance operational competitiveness or responsiveness.
References
* Hopp, W. J., & Spearman, M. L. (2008). Factory Physics. Waveland Press.
* Slack, N., Chambers, S., & Johnston, R. (2010). Operations Management. Pearson.
NEW QUESTION # 540
A company that is having difficulties prioritizing resources against a long list of improvement projects should use which of the following processes?
- A. Control chart
- B. Competitive benchmarking
- C. Six Sigma
- D. Pareto analysis
Answer: D
NEW QUESTION # 541
Medium-term demand management projections are used primarily to:
- A. develop the master production schedule.
- B. aggregate demand for production planning.
- C. complete strategic business planning of facilities.
- D. complete forecasts at the item level.
Answer: B
Explanation:
Medium-term demand management projections typically cover a horizon of several months to a few years and are essential for production planning. Here's the detailed explanation:
* Aggregate Demand: Medium-term projections aggregate demand at a higher level, such as product families or groups, to facilitate production planning and capacity management.
* Production Planning: These projections are used to plan production schedules, workforce requirements, and resource allocation, ensuring that manufacturing operations can meet anticipated demand.
* Inventory Management: Helps in maintaining optimal inventory levels by balancing supply and demand over the medium term.
* Alignment with Business Goals: Ensures that production plans are aligned with the company's strategic goals and market demands.
While medium-term projections also support other activities, such as developing the master production schedule (MPS), their primary use is in aggregating demand for effective production planning.
References:
Vollmann, T. E., Berry, W. L., Whybark, D. C., & Jacobs, F. R. (2005). Manufacturing Planning and Control for Supply Chain Management. McGraw-Hill.
Chopra, S., & Meindl, P. (2016). Supply Chain Management: Strategy, Planning, and Operation. Pearson.
NEW QUESTION # 542
In large supply chain transformation efforts, companies often ignore which critical component of change?
- A. Culture
- B. Technology
- C. Customers
- D. Suppliers
Answer: B
Explanation:
Section: Mixed questions
NEW QUESTION # 543
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