QUESTION: 221

A company distributes its products through wholesale, retail stores, and its e-commerce website. Inventory and demand forecasting for each channel is managed separately. The company is experiencing high levels of obsolete inventory.
Which of the following strategies is most likely to reduce the levels of obsolescence?

Place smaller orders with suppliers.
Pool inventory and the forecast.
Open more outlet stores.
Negotiate lower costs with suppliers.

Answer(s): B

Reveal Solution Next Question

QUESTION: 222

For an item with high profit impact and low supply risk, what would be a likely procurement strategy to support the overall supply strategy?

Ensure supply, even at a premium cost.
Vertically integrate the supply chain.
Exploit purchasing power and minimize cost.
Form a strategic sourcing group.

Answer(s): C

Reference:

https://www.mindtools.com/pages/article/newSTR_49.htm

Reveal Solution Next Question

QUESTION: 223

Which of the following factors typically is most important to a company that uses the chase production strategy when evaluating potential suppliers for a component?

Supplier's agility
Supplier's certification status
Quoted delivery time
Quoted total price

Answer(s): A

Reveal Solution Next Question

QUESTION: 224

Using financial tools to minimize the impact of currency fluctuations is an example of what type of risk management strategy?

Mitigation
Recovery
Prevention
Diversification

Answer(s): A

Reveal Solution Next Question

Free CSCP Exam Braindumps (page: 56)

QUESTION: 221

QUESTION: 222

Reference:

QUESTION: 223

QUESTION: 224