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APICS Certified Supply Chain Professional Sample Questions (Q54-Q59):

NEW QUESTION # 54
Which of the following characteristics typically is required for a collaborative strategic relationship?

A. Formal contracts defining the relationship
B. History of successful collaboration
C. Awareness of cultural differences
D. High levels of trust

Answer: D
NEW QUESTION # 55
A juice manufacturer wants to determine the time required to convert a dollar spent on materials into a dollar received in sales. Which of the following metrics would be most appropriate to make this determination?

A. Cash-to-cash cycle time
B. Activity-based costing
C. Average financial turnover
D. Inventory carrying cost

Answer: A
NEW QUESTION # 56
Which of the following elements is critical to successfully using a sales and operations planning process?

A. Aligning the forecast to the annual budget
B. Focusing on performance of the past 12 to 18 months
C. Implementing a unified cross-functional plan and process
D. Implementing bottom-up decision making

Answer: C
NEW QUESTION # 57
Which of the following strategies is most appropriate for managing unknown risks in a global supply chain?

A. Vertical integration
B. Investing in redundancy
C. Technology integration with suppliers
D. Strengthening supplier relationships

Answer: B Explanation:
Section: Implementation and Operations
NEW QUESTION # 58
The most appropriate reason for a business to comply with the United Nations (UN) Global Compact practices typically would be to:

A. reduce the cost of operating in multiple countries.
B. reduce the threat of organized labor.
C. gain access to proven management tools.
D. enhance the competitive advantage.

Answer: D Explanation:
Section: Supply Chain Strategy, Design, and Compliance
NEW QUESTION # 59
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APICS Certified Supply Chain Professional Sample Questions (Q54-Q59):

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