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APICS Certified Supply Chain Professional Questions 549–553 (page: 62)

Updated On: 1-Feb-2026

What type of supplier relationship is characterized by short- and medium-term contracts with some visibility, interaction, and communication through designated contact points?

  1. Joint venture
  2. Ongoing
  3. Partnership
  4. Strategic alliance

Answer(s): C



The key to building a chain of suppliers that focuses on maximizing value to the customer is:

  1. ensuring that suppliers perform to stated requirements.
  2. making suppliers partners in the company strategy.
  3. informing suppliers that they are being measured against each other.
  4. passing on supplier cost reductions to the company.

Answer(s): A



Which of the following terms refers to a supply chain management approach that attempts to gain a high degree of integration across the chain without compromising independent ownership?

  1. Matrix structure
  2. Ad hoc structure
  3. Vertical integration
  4. Virtual integration

Answer(s): C



Which of the following strategies can be used to help mitigate negative effects of events that rarely occur?

  1. Adaptive supply chain community
  2. Revenue-sharing contract
  3. Global optimization
  4. Continuous replenishment

Answer(s): A



Given the following information, what is the inventory days of supply?

  1. 16 days
  2. 18 days
  3. 22 days
  4. 34 days

Answer(s): A



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