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Viewing questions 31-40 out of questions
Questions # 31:

When tasked with developing a transformational supply chain strategy, it is important to start with:

Options:

A.

determining the customers' current and future needs.

B.

identifying and documenting external megatrends.

C.

scanning and assessing the competitor landscape.

D.

prioritizing actions and assessing their effectiveness.

Questions # 32:

The primary role of the governance pillar in the Environmental, Social, and Governance (ESG) framework is to ensure that:

Options:

A.

the company operates in an environmentally responsible manner.

B.

the company operates in a socially responsible manner.

C.

the company is managed in a responsible and ethical manner.

D.

the company is managed in an economically responsible and profitable manner.

Questions # 33:

What measure should be adopted for supply chains to become more resilient to unanticipated disruptions?

Options:

A.

Implement internal standards of risk awareness and response.

B.

Ensure that there is clear responsibility for identifying risk.

C.

Decrease inventory levels to the minimum level possible.

D.

Increase levels of agility and velocity.

Questions # 34:

A key component of a total quality management (TQM) program is:

Options:

A.

statistical process control (SPC).

B.

just-in-time (JIT) inventory.

C.

autonomous maintenance.

D.

supply chain optimization (SCO).

Questions # 35:

Why is over-processing considered a type of waste in lean manufacturing?

Options:

A.

Taking extra time to over-produce makes it a type of waste.

B.

Manufacturing to a higher quality than is required takes more natural resources, time, and energy without adding value.

C.

Over-producing could add features that narrow the marketability of the item and reduce revenue.

D.

Due to being over-engineered, the price will become out of balance with the market.

Questions # 36:

Which type of scorecard gap analysis is used to calculate the competitive gap by subtracting the actual performance from the parity or competitive benchmark?

Options:

A.

Bottom-up process

B.

Pareto analysis

C.

SWOT analysis

D.

Top-down process

Questions # 37:

As an organization transforms its processes to be more sustainable, it should evaluate its practices in which three major categories?

Options:

A.

Suppliers, Governance, and Environment

B.

Technology, Workforce, and Strategy

C.

Ecological, Ethical, and Economic

D.

Plan, Source, and Fulfill

Questions # 38:

According to the strategy hierarchy, which of the following strategies harmonizes plans to improve competencies of an organization as a whole?

Options:

A.

Business strategy

B.

Corporate strategy

C.

Functional area strategy

D.

Operating strategy

Questions # 39:

A company receives customer complaints that their inquiries are being forwarded multiple times to different departments, but customers still could not reach the right department for resolution. What

is the most appropriate activity to identify the gap?

Options:

A.

Conduct benchmarking.

B.

Select different metrics.

C.

Establish a collaborative model.

D.

Perform RACI analysis.

Questions # 40:

A widget manufacturing company wants to embark on a digital supply chain transformation journey. Which of the following activities should the company's leadership focus on in the beginning?

Options:

A.

Identifying areas of the business that can benefit the most from this in order to prioritize resources

B.

Incorporating this initiative in the budgeting process and asking the procurement team to research potential vendors in this space

C.

Providing a clear roadmap to the business and establishing conditions for greater process integration and cross-functional collaboration

D.

Hiring digital consultants and subject matter experts that can effectively advise the company at all stages in this journey

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