CSCP

CSCP practice questions, page 35 of 37, with answer review and explanations.

Question 171

One of the key benefits of adopting a lean supply chain philosophy is the reduction of inventories that allow:

  1. decreased obsolescence.
  2. freeing up working capital for investment.
  3. reduced material handling surcharges.
  4. lower transaction costs.

Question 172

Which of the following measures of a supply chain performance is most desirable from a stockholder perspective?

  1. Diversity of sales channels
  2. Lean manufacturing performance
  3. Time to market of new products
  4. Velocity and return on assets (ROA)

Question 173

Using new housing construction data as a predictor of construction equipment sales is an example of what type of forecasting method?

  1. Causal
  2. Time series
  3. Judgement
  4. Market survey

Question 174

Which of the following consequences is typical of a push-based supply chain?

  1. Longer lead times
  2. Higher product obsolescence
  3. Lower economies of scale
  4. Smaller production batches

Question 175

An item must be added to inventory to support new business. Which of the following inputs should be considered to determine minimum inventory level?

  1. Consumption rate
  2. Qualified supplier
  3. ABC classification
  4. Number of sales transactions