Question 1

After two firms have established an initial relationship to apply the principles of collaborative planning, forecasting, and replenishment (CPFR) for products, the next logical step is to

Options :

A : share forecasts for the products with each other

B : obtain orders for the products and enter them into the master schedule

C : create joint business plans for the products

D : negotiate prices and profit expectations for the products

Answer: C

Question 2

A business is changing from a business to business model to a business to consumer model. Which of the following statements about this supply chain change is true?

Options :

A : Returns from customers will decrease.

B : Number of supplier orders will increase.

C : Number of customer orders will increase.

D : Average supplier order size will increase.

Answer: C

Question 3

Which of the following outcomes is achieved through the reduction in the number of a firm's suppliers?

Options :

A : Supplier operational integration

B : Supply localization

C : Volume consolidation

D : Value management

Answer: C

Question 4

Which of the following factors are most relevant in the purchase of widely used commodity materials?

Options :

A : Quality and service

B : Quality and availability

C : Price and service

D : Price and availability

Answer: D

Question 5

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?

Options :

A : Increase the labor force

B : Increase work-in-process (WIP) inventory

C : Reduce cycle times

D : Match competitors' prices

Answer: C

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