APICS CSCP Exam Questions With 100% Verified Answers

APICS CSCP Exam Questions With 100% Verified Answers As you plan a manufactured product supply chain, what is considered the most crucial element? - answerComponent suppliers. without the base components required for the product, the rest of the suppl chain cannot operate as designed. The owner of a coal mine need power for the machinery that he uses to extract the coal. what is this and example of? - answerDoubling back. When a raw material supplier ends up using a component that they produce in their own operations, it is an example of the supply chain doubling back to serve itself. in this instance, the coal might be used to run power generators that can then be used to power the basic mining equipment used to gather coal. which is not essential element of product supply chain model? material extraction, material transformation into product, selling to the user, reverse chains. - answerReverse chain. Reverse transaction is not an essential element of supply chain product model. stakeholders - answerall who can be affected by the decision made in a supply chain. this may encompass the public, goverment, trade associations, and univerisities. how can the goverment impact supply chain function? - answerLevying taxes, creation of infrastructure, and regulation. what is the best way to view the nature of a supply chain? ... a series of ..... - answera series of processes that are linked together. each process can be carried out by a different entity, the success or failure of the supply chain model depends on the process that allows information, material, and cash to flow most seamlessly. what WAS the primary focus of some of the earlies supply chain models? - answerCutting costs. However, as business became more connected, the focus became value creation, rather than trimming expenses. this makes the chain more stable. in a value creation supply chain, what are the most valuable activities - answerActivities that trascend a single entity. provide positive impact to no only a single organization, but the chain as a whole. when a supply chain operates externally, connecting business and organizations rather than departments, one leading entity often emerges. what is the name of this entity? - answerNucleus firm. the firm that directs and organized the supply chain is usually known as a nucleus firm or channer master. The SCOR supply chain process model includes three basic entities. Which of these can be found to the right of your company in this model? - answerCustomers..... Suppliers can be found to the left. How many management process are included in the SCOR supply chain model? - answer5 different processes. These are planning, sourcing, making, delivery, and returns. The SCOR model is limited and does not account for every single business process. How many tiers in each direction does the model extend from the central company? - answerAccounts for 2 tiers in each direction from the central company. this includes 2 customer tiers and 2 supply tiers. is sales and marketing part of the SCOR model? - answerNo which of the following does the scor model assume is needed to build the model? fixed costs, training, growth, regulation - answerTraining. the model assumptions are: Training, product service quality, information technology, and administration. managing supply chain encompases more than simply increasing speeds and cutting costs. Whats the primary difference between overseeing process and managing silos? - answerInnovation and bringin entities together. Overseeing a process requires the ability to bring various people and concepts together in new ways. it requires interaction between different groups to bring benefit to each in the best way possible. which figure is associated with vertical integration? (company/owner) - answerHenry Ford is the model for vertical integration. His action in bringin as many elements as possible under the control of his company meets the primary aims of vertical integration. a company operates in both Europe and NA. Which is the most likely way the company would operate in these regions? - answerFocus on primary tasks, outsourcing of non-primary tasks For most supply chain models, what approach is assumed? - answerlateral or horizontal integration. this is the most effective model due to globalization. Keiretsu Networks - answer-A middle ground between few suppliers and vertical integration -Supplier becomes part of the company coalition a company has decided to split one of its divisio into tis own company. what is the benefit? - answerIncreased focus and expertise for both companies. this can lead to development of better and more attractive products for customers that fit with the core values of each individual company. what has contributed the most to the development of lateral supply chains? access to chas, new materials, outsorced hires, communication technologies - answerCommunication technologies. Allows strategic partnerships to be formed. big draw back from lateral supply chain? - answerinability to see the larger supply chain process as a whole. A company does not have clearly defined goals or lings to outside busines, appart from occasional transactions. What stage of supply chain management evolution does this best correspond to? - answerMultiple dysfunction. a central firm does not have goals or definitions hat are created in a clear and concrete manner. do not have meaningful external ties to other department or organizations. In a semifunctional enterprise, a company may begin to develop initiatives to increase efficiency and quality control. what is still lacking at this stage of supplu chain management evolution? - answerDecision making partnerships between departments. Company X has begun to integrate its own internal processes and resources with its partners in the supply chain. what is the name of this stage of supply chain evolution? - answerExtended Enterprise. This usually begins with a single partnership between entities in the chain and can extend until all partners are meaningful networked. Company has begun to bring departments together in planning for major product releases. which stage of supply chain management evolution dies this approach best describe? - answerIntegrated enterprise. when the company starts to dismantle traditional silos that exist in departments and organizations. they are on their way to lateral integration of the supply chain as a whole. a semifunctional enterprise may implement plans to increase the function of various departments. which of the following would best describe the actions of a semi-functional enterprise? partnerships with distribution channels, building additional warehouses to house inventory, finding ways to reduce inventory, - answerFind ways to reduce inventory. In most cases these initiatives are independent from each other and still exist only internally within the organization. when a company is doing well and makes more money by moving along the supply chain management evolution scare, what is the bes posible economic decision? - answerReserve some money to improve products and processes. This can be beneficial over the long term , as opposed to decision that will make short term impact such as pass savings to the customers, or gains to stakeholders. A semifunctional enterprise may implement plans to increase the function of various departments. Which of the following would best describe the actions of a semifunctional enterprise? - answerFind ways to reduce inventory. A semifunctional enterprise has begun to increase training, decrease inventory held in its own warehouses, plan new strategies to increase effectiveness, and/or begun to train in more effective ways. In most cases, however, these initiatives are independent from each other and still exist only internally within the organization.