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Latest Test CSCP Testking & Pass Certify CSCP Free Download: Certified Supply Chain Professional
The second format is a web-based format that can be accessed from browsers like Firefox, Microsoft Edge, Chrome, and Safari. It means you don't need to download or install any software or plugins to take the Certified Supply Chain Professional practice test. The web-based format of the APICS CSCP Certification Exams practice test supports all operating systems. The third and last format is desktop software format which can be accessed after installing the software on your Certified Supply Chain Professional (CSCP) Windows Pc or Laptop. These formats are built especially for the students so they don't stop preparing for the Certified Supply Chain Professional (CSCP) certification.
The CSCP Certification program has been designed for professionals who are involved in all aspects of supply chain management, including planning, sourcing, production, delivery and return. The program is intended to provide a comprehensive understanding of the supply chain, and to teach professionals how to develop and implement effective supply chain strategies that will improve the efficiency and effectiveness of their organizations. The program covers a wide range of topics, including demand planning, inventory management, supplier relationship management, and logistics.
APICS Certified Supply Chain Professional Sample Questions (Q225-Q230):
NEW QUESTION # 225
Which of the following forecasting methods relies on the opinions of a panel of experts?
- A. Causal method
- B. Survey method
- C. Delphi technique
- D. Time series analysis
Answer: C
Explanation:
The Delphi technique is a structured forecasting method that relies on the opinions of a panel of experts.
Here's how it works:
* Expert Panel: A group of experts in the relevant field is selected to provide their insights and forecasts.
* Iterative Rounds: The process involves multiple rounds of questionnaires sent to the experts. After each round, a facilitator provides a summary of the forecasts and reasons provided by the panel.
* Anonymity: Experts provide their opinions anonymously to prevent the influence of dominant individuals and to encourage unbiased input.
* Convergence: Through iterative feedback and revisions, the panel's forecasts tend to converge towards a consensus.
The Delphi technique is particularly useful for long-term forecasting and scenarios where quantitative data is scarce or unreliable.
References:
* Armstrong, J. S. (2001). Principles of Forecasting: A Handbook for Researchers and Practitioners.
Springer.
* Rowe, G., & Wright, G. (1999). "The Delphi technique as a forecasting tool: issues and analysis." International Journal of Forecasting.
NEW QUESTION # 226
A company is determining where it should manufacture a product weighing 1 lb. for the Chicago market with a demand of 100,000 items per year. Costs for each of four possible locations are summarized in the table below. If the company wants to minimize the total cost to supply the items to the Chicago market, where should the items be produced?
- A. Chicago
- B. Taiwan
- C. Houston
- D. Seattle
Answer: A
Explanation:
To find the total cost of supplying the items to the Chicago market from each location, we need to multiply the demand (100,000 items) by the sum of the material and labor cost per item, the shipment cost to market per item, and the import duty per item. The shipment cost to market per item can be obtained by dividing the shipment cost to market per 100 lb. by 100, since each item weighs 1 lb. The raw material shipment from source cost is irrelevant for this question, since it does not affect the total cost to supply the items to the Chicago market. Using this formula, we can calculate the total cost for each location as follows:
* Houston: 100,000 x ($7 + $5/100 + $0) = $712,000
* Taiwan: 100,000 x ($6 + $6/100 + $2) = $814,000
* Chicago: 100,000 x ($10 + $0/100 + $0) = $1,000,000
* Seattle: 100,000 x ($12 + $5/100 + $0) = $1,205,000
The location with the lowest total cost is Chicago, with $1,000,000. Therefore, the items should be produced in Chicago to minimize the total cost to supply the items to the Chicago market.
NEW QUESTION # 227
A company has been delivering a global product that no longer appears profitable. Senior management's best response is to:
- A. increase promotional activity across all markets.
- B. provide additional incentives to the sales force.
- C. discontinue the product based on eroding profitability.
- D. analyze product profitability by market segment.
Answer: D
Explanation:
* Context: A global product is no longer appearing profitable, requiring senior management to take action.
* Options Breakdown:
* A. Analyze product profitability by market segment: This involves examining which segments of the market are contributing to profitability and which are not, providing insight into targeted strategies to improve or discontinue specific segments.
* B. Discontinue the product based on eroding profitability: This is a drastic measure that may overlook profitable segments.
* C. Provide additional incentives to the sales force: This may not address the underlying profitability issues and could increase costs.
* D. Increase promotional activity across all markets: This could be costly and ineffective if the product is fundamentally unprofitable in certain segments.
* Correct Answer Justification: By analyzing product profitability by market segment, senior management can make informed decisions on whether to focus efforts on more profitable segments, adjust strategies, or discontinue specific segments.
:
Marketing and profitability analysis literature
Case studies on strategic decision-making for product lines
NEW QUESTION # 228
What is the primary benefit of using a central storage warehouse for all components rather than using point-of-use storage?
- A. Reduced material handling costs
- B. Reduced need for bar codes and radio frequency identification technology
- C. Ease of control and count accuracy
- D. Maintain a cleaner shop floor
Answer: C
Explanation:
The primary benefit of using a central storage warehouse for all components rather than point-of-use storage is the ease of control and count accuracy. Central storage allows for more efficient inventory management, as all components are stored in a single, controlled location. This centralization simplifies inventory tracking, reduces errors, and improves count accuracy because inventory can be managed and monitored consistently.
Additionally, central storage can facilitate better inventory optimization and forecasting.References:
* "Warehouse & Distribution Science" by John Bartholdi and Steven Hackman
* "The Handbook of Logistics and Distribution Management" by Alan Rushton, Phil Croucher, and Peter Baker
NEW QUESTION # 229
Key quantitative sustainability indicators include:
- A. sustainable product designs.
- B. carbon disclosure projects.
- C. continuous improvement (CI) ideas.
- D. restricted substance usage.
Answer: B
NEW QUESTION # 230
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