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APICS CSCP (Certified Supply Chain Professional) Exam is a globally recognized certification program for professionals in the field of supply chain management. Certified Supply Chain Professional certification is designed to help professionals enhance their skills and knowledge in the areas of supply chain strategy, design and compliance, implementation and operations, and continuous improvement. It is an ideal program for professionals who are looking to advance their careers in supply chain management and want to demonstrate their expertise in this field.
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APICS CSCP Certification Exam is a computer-based test consisting of 150 multiple-choice questions. CSCP exam is administered at Pearson VUE testing centers worldwide. To be eligible for the exam, candidates must have a minimum of three years of related work experience or a bachelor's degree, or international equivalent. Candidates must also maintain their certification by earning continuing education credits every five years.
APICS Certified Supply Chain Professional Sample Questions (Q243-Q248):
NEW QUESTION # 243
A vendor performance measurement system is best used to allow a company to:
- A. negotiate an inventory buy-back agreement.
- B. evaluate the total cost of ownership (TCO).
- C. reduce in-transit inventory
- D. penalize nonperforming suppliers.
Answer: B
NEW QUESTION # 244
A key assumption of the economic order quantity (EOQ) is that:
- A. future demand cannot be projected.
- B. the rate of demand is continuous and constant.
- C. as the lot size decreases, the setup cost per unit decreases.
- D. reorder frequency is fixed.
Answer: B
Explanation:
The Economic Order Quantity (EOQ) model is designed to determine the optimal order quantity that minimizes the total costs of inventory, including ordering and holding costs. A key assumption of the EOQ model is that the rate of demand is continuous and constant. This means that the demand for the product does not fluctuate significantly over time, allowing for a steady and predictable rate of consumption. This assumption simplifies the calculation by ensuring that order cycles are regular and inventory depletion occurs at a consistent rate. Options A, C, and D do not align with the fundamental assumptions of the EOQ model.
References:
* Chopra, S., & Meindl, P. (2015). Supply Chain Management: Strategy, Planning, and Operation.
* https://www.investopedia.com
NEW QUESTION # 245
The purpose of continuous improvement in the supply chain is to:
- A. eliminate the root causes of problems.
- B. develop better written procedures.
- C. reduce product costs.
- D. improve interorganizational communication.
Answer: A
Explanation:
Continuous improvement in the supply chain focuses on eliminating the root causes of problems. This proactive approach ensures long-term efficiency and effectiveness. Here's an explanation:
* Root causes: Addressing the fundamental issues prevents recurrence and leads to sustainable improvements.
* Interorganizational communication: While important, it is a means to an end rather than the core purpose.
* Written procedures: Improving procedures is beneficial but secondary to addressing root causes.
* Product costs: Reducing costs is a benefit of continuous improvement but not the primary purpose. By eliminating root causes, continuous improvement leads to systemic and lasting enhancements in the supply chain.
References
* Liker, J. K. (2004). The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer.
* Imai, M. (1986). Kaizen: The Key to Japan's Competitive Success.
NEW QUESTION # 246
Which of the following practices allows each process to operate at maximum efficiency rather than having the speed of the entire process constrained by the slowest operation?
- A. Supply/demand balancing
- B. Decoupling
- C. Theory of constrains (TOC)
- D. Pull production
Answer: B
NEW QUESTION # 247
Which of the following product records is internationally recognized for providing detailed categorization and descriptions?
- A. Stock keeping unit (SKU)
- B. Harmonized system classification code
- C. Electronic product code (EPC)
- D. Universal product code (UPC)
Answer: C
NEW QUESTION # 248
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