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Question 1

The first step a company would typically take when designing and implementing a cycle count program is to:

Options :

A : segment all available inventory by velocity, value, or other criteria.

B : stop operations in order to conduct a physical inventory.

C : reconcile discrepancies within the warehouse management system (WMS).

D : hire an outside company to conduct the cycle count program.

Answer: A

Question 2

Which of the following items undermines the attempts to simplify transportation pricing?

Options :

A : rate-basis numbers

B : Class rate

C : Commodity rate

D : Incentive rate

Answer: A

Question 3

Which of the following attributes best represents how an organization regards the relationship between the cost of lost sales and inventory costs?

Options :

A : Willingness to spend increasing amounts on inventory to decrease lost sales at a greater rate

B : Willingness to spend increasing amounts on inventory but expect only minor changes in lost sales

C : Unwillingness to spend increasing amounts on inventory because they see no correlation between inventory costs and the cost of lost sales

D : Unwillingness to spend increasing amounts on inventory even though they understand that an inverse relationship exists between inventory costs and the cost of lost sales

Answer: C

Question 4

Which of the following categories is a weakness of the rail systems?

Options :

A : Safety records

B : Inflexible infrastructures

C : Effects of the weather

D : Routes from city centers

Answer: D

Question 5

Which of the following dimensions compose the full scope of supply chain sustainability?

Options :

A : Modes, network, finance, and materials

B : Efficiency, eco-friendly, economic, and education

C : Energy, risk, social responsibility, and waste management

D : Economic, environment, education, and ethics

Answer: C