APICS Certified Supply Chain Professional
If a company reports a problem with its supply chain and pinpoints blame, which of the
following groups, if blamed, will most likely result in the stock price being most punished by
Which of the following relationships has the maximum degree of independence of ownership
and the minimum degree of integration?
A. ad hoc trading
B. just-in-time suppliers
E. vertical integration
Attempts to replace competition between trading partners with cooperation most often results
in which of the following?
A. great success
B. some success
C. increased competition among trading partners
All of the following are true concerning consignment EXCEPT:
A. With consignment, producers retain ownership over inventories.
B. With consignment, retailers control the inventory.
C. Consignment is effective way to sell products that retailers might not otherwise be willing
D. With consignment, producers have to wait longer to get paid for their products.
Which of the following is the proper order of activities when managing a supply chain?
A. control, predict, then understand
B. control, understand, then predict
C. understand, control, then predict
D. understand, predict, then control
E. predict, control, then understand
There has been a systematic effort within many industries to replace inventory with which of
E. raw materials
What is the general effect on the total time to source of adding tiers to the procurement side of
the supply chain ?