REASONS TO CHOOSE WEB-BASED APICS CSCP PRACTICE EXAM

Reasons to Choose Web-Based APICS CSCP Practice Exam

Reasons to Choose Web-Based APICS CSCP Practice Exam

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CSCP Exam Prices

Becoming an ASCM PLUS member comes with tons of benefits including a reduced exam registration fee. That being said, here's a summary of the current CSCP Exam prices:

  • ASCM PLUS Member: $695;
  • Non-member: $965;
  • ASCM CORE Member: $965;
  • Retake Fee: $450.

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APICS CSCP Exam Syllabus Topics:

TopicDetails
Topic 1
  • Supply Chain Risk Management: An Emerging Discipline
Topic 2
  • Supply Chain Design
  • Supply Chain Planning and Execution
Topic 3
  • Strategic Supply Chain Management: The Five Core Disciplines
Topic 4
  • Supply Chain Improvement and Best Practices
Topic 5
  • Supply Chain Logistics Management

APICS Certified Supply Chain Professional Sample Questions (Q422-Q427):

NEW QUESTION # 422
An advantage of using a third-party logistics service (3PL) is improved:

  • A. risk visibility due to inventory consolidation.
  • B. cost structure due to economies of scale.
  • C. access to smaller markets due to localization.
  • D. on-time delivery of shipments due to higher inventory levels.

Answer: B

Explanation:
* Context: Third-party logistics services (3PL) offer various benefits by leveraging their expertise and resources.
* Options Breakdown:
* A. On-time delivery of shipments due to higher inventory levels: Higher inventory levels are not typically an advantage of using 3PLs; rather, they manage inventory more efficiently.
* B. Cost structure due to economies of scale: 3PLs serve multiple clients and thus can achieve lower costs per unit through economies of scale.
* C. Access to smaller markets due to localization: While 3PLs can help with market access, this is not their primary advantage.
* D. Risk visibility due to inventory consolidation: 3PLs can improve risk visibility, but the main advantage is cost-related.
* Correct Answer Justification: The primary advantage of using a 3PL is the ability to achieve lower costs through economies of scale, as they distribute their fixed costs over a larger volume of shipments.
References:
* Logistics management textbooks
* Research articles on the benefits of third-party logistics providers


NEW QUESTION # 423
An increase in the inventory turnover rate for a supply chain typically would indicate that there has been a reduction in:

  • A. supply chain cost of sales.
  • B. the manufacturer's inventory.
  • C. prices to the end user.
  • D. the total supply chain inventory.

Answer: D

Explanation:
An increase in the inventory turnover rate indicates that a company is selling its inventory more quickly. This typically means that the total amount of inventory held at various points in the supply chain has decreased. The higher turnover rate reflects more efficient inventory management, leading to:
* Reduced Inventory Levels: Less inventory is being held in warehouses, leading to lower storage costs and reduced risk of obsolescence.
* Improved Cash Flow: Faster inventory turnover means that cash is not tied up in inventory, improving liquidity.
* Better Demand Forecasting: Enhanced forecasting and supply chain coordination reduce the need for high safety stock levels.
While the options A, B, and C may be indirectly affected, the primary indication of an increased inventory turnover rate is the reduction in total supply chain inventory.
References
* "Principles of Inventory Management: When You Are Down to Four, Order More" by John A.
* Muckstadt.
* APICS Dictionary, 16th edition.


NEW QUESTION # 424
Which of the following are components of fulfillment lead time?
I. order processing
II. assembly and shipping
III.
invoicing and collection

  • A. II
  • B. I and II
  • C. II and III
  • D. I, II and III
  • E. I

Answer: B


NEW QUESTION # 425
Which of the following design approaches is best suited for a manufacturer that wants to offer a variety of finished goods?

  • A. Modularization
  • B. Simplification
  • C. Simultaneous engineering
  • D. Specialization

Answer: A


NEW QUESTION # 426
A manufacturer's inventory levels are growing and service levels are dropping. Which of the following supply chain strategies is most appropriate to reduce inventory and improve service?

  • A. Optimize the total cost.
  • B. Implement batch operations.
  • C. Increase the safety stockon all items.
  • D. Reduce the setup time.

Answer: D

Explanation:
When a manufacturer faces growing inventory levels and dropping service levels, the primary goal is to optimize the supply chain to be more responsive and efficient. Reducing setup time is a key strategy in this context because:
* Setup Time Reduction: By reducing the time required to changeover or setup equipment for different production runs, manufacturers can produce smaller batches more frequently. This leads to:
* Lower inventory levels because production is more closely aligned with actual demand.
* Improved flexibility and responsiveness to customer orders, which enhances service levels.
* Lean Manufacturing Principles: This approach is consistent with lean manufacturing principles, which focus on reducing waste and increasing efficiency. By minimizing setup times, manufacturers can reduce work-in-progress inventory and finished goods inventory.
* Enhanced Agility: Reducing setup time makes the manufacturing process more agile, allowing it to quickly adapt to changes in demand and reduce the likelihood of stockouts or overproduction.
* Continuous Improvement: This strategy fosters a culture of continuous improvement and can lead to further efficiencies and cost reductions over time.
Increasing safety stock (Option A) might temporarily address service levels but will increase inventory costs.
Optimizing the total cost (Option C) is a broad strategy and not specific enough. Implementing batch operations (Option D) might not directly address the issue of service levels and could increase inventory if not carefully managed.
References
* "Lean Thinking: Banish Waste and Create Wealth in Your Corporation" by James P. Womack and Daniel T. Jones.
* "The Lean Six Sigma Pocket Toolbook" by Michael L. George, John Maxey, David Rowlands, and Mark Price.


NEW QUESTION # 427
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