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 company has made a strategic decision to introduce products to improve profitability. Which of the following issues should the company be concerned about most while implementing this decision?

Options :

A : Reverse supply chain

B : Unpredictable demand

C : Warranty and repair

D : Patent security

Answer: B

Question 3

When relocating production offshore, volatility in which of the following areas most likely would impact profitability without modifying product landed costs?

Options :

A : Labor costs

B : Currency exchange rates

C : Commodity prices

D : Product quality

Answer: B

Question 4

Maintaining a long-term collaborative relationship with a trading partner requires:

Options :

A : formal and informal communication.

B : interconnected information systems.

C : one partner regularly exercising power

D : standardized terms of agreement

Answer: A

Question 5

Requirements for successful application of a demand-driven supply network include:

Options :

A : demand synchronization between stakeholders.

B : automatic communications of data from point-of-sale (POS) terminals.

C : safety stock determined jointly by suppliers and customers.

D : supply provided by a single source.

Answer: A

Free CSCP Mock Exam – Practice Online Confidently

Buying Options: