APICS Supply Chain & Strategy 5

Question 1

In the context of supply chain collaboration, 'Collaborative Planning, Forecasting, and Replenishment' (CPFR) is designed to:

Accepted Answer

Create a shared forecast between trading partners to align supply and demand plans

Answer

CPFR is a business practice that combines intelligence of multiple trading partners to improve planning accuracy and reduce supply chain variability through shared forecasting.

Question 2

Which of the following best describes a 'make-to-order' supply chain strategy?

Accepted Answer

Production begins only after a confirmed customer order is received

Answer

Make-to-order (MTO) means production is triggered by actual customer orders, eliminating finished goods inventory risk at the cost of longer customer lead times.

Question 3

A supply chain 'segmentation' strategy recognizes that:

Accepted Answer

Different customer segments or products require different supply chain approaches

Answer

Supply chain segmentation tailors service, cost, and responsiveness to different customer and product segments based on their unique needs and strategic importance.

Question 4

Which of the following is a primary advantage of nearshoring over offshoring in supply chain strategy?

Accepted Answer

Shorter lead times, reduced transportation costs, and easier collaboration due to geographic proximity

Answer

Nearshoring moves operations to nearby countries, reducing lead times and transportation costs while enabling easier communication and collaboration compared to distant offshore locations.

Question 5

In supply chain strategy, 'demand shaping' refers to:

Accepted Answer

Using pricing, promotions, or product substitution to influence customer demand toward available supply

Answer

Demand shaping uses commercial levers like pricing, promotions, and substitution to actively influence customer purchasing behavior to align with supply availability.

(APICS) American Production and Inventory Control Society Certified Practice Test

(APICS) American Production and Inventory Control Society Certified Practice Test

APICS Supply Chain & Strategy 5