- (Topic 3)
Standardization of supply chain processes is most likely to facilitate achievement of which of the following activities?
Correct Answer:
B
- (Topic 1)
A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:
Correct Answer:
D
- (Topic 3)
Designing a supply chain to maximize responsiveness and flexibility is most appropriate for which of the following types of organizations?
Correct Answer:
B
- (Topic 3)
Which of the following behaviors is appropriate for a progressive company that is responding to changes in its supply chain?
Correct Answer:
B
- (Topic 3)
Which of the following methodologies is most appropriate to use to drive continuous improvement?
Correct Answer:
A