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APICS Certified Supply Chain Professional Questions 439–447 (page: 32)

Updated On: 1-Feb-2026

In order to achieve economies of scale, a manufacturer is interested in producing large quantities.
Which of the following functions of inventory will assist the manufacturer in achieving this goal?

  1. Geographical specialization
  2. Decoupling
  3. Balancing supply and demand
  4. Buffering uncertainty

Answer(s): C



A lean supply chain transformation initiative requires:

  1. external resources
  2. top management commitment
  3. social responsibility
  4. positive return on investment (ROI)

Answer(s): B



Interpersonal communication skills and negotiation with suppliers is important because it:

  1. enables the buying organization to partner with suppliers
  2. drives higher price breaks and lot size discounts
  3. allows the most competitive suppliers to remain viable
  4. is essential to achieve cost-cutting targets

Answer(s): B



Which of the following characteristics typically is required for a collaborative strategic relationship?

  1. High levels of trust
  2. History of successful collaboration
  3. Awareness of cultural differences
  4. Formal contracts defining the relationship

Answer(s): A


Reference:

https://www.researchgate.net/publication/287813045_Supply_Chain_A_Shift_from_Transactional_to_Collaborative_Partnerships



A manufacturer of innovative products needs to focus on which of the following factors?

  1. Cost per unit
  2. Time-to-market
  3. Component inventory levels
  4. Equipment utilization

Answer(s): B



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