APICS Certified Supply Chain Professional CSCPPractice Questions 2023 - Part 38

1. Inventory parameters established using analytic inventory techniques typically are based on balancing:

A) supply and dependent demand.
B) customer service and inventory costs.
C) transportation and warehousing costs.
D) inventory levels and decision-making costs.



2. A firm is undertaking a revision of its financial metrics to make them more comprehensive and has decided to use metrics such as return on investment (ROI), return on assets (ROA), and economic value added (EVA). This is an example of utilizing which of the following types of metrics?

A) Activity based
B) Stakeholder focused
C) Financial sustainability
D) Value chain



3. Which of the following ISO standards is used to assist organizations with sustainable development?

A) ISO 31000
B) ISO 14001
C) ISO 26000
D) ISO 9001



4. The mission of the global reporting initiative (GRI) is to provide a:

A) comparison of key metrics for companies in the same industries across the globe.
B) feasible business plan that can be shown to global potential investors.
C) trusted and credible framework for reports regarding sustainability practices.
D) transparent collaboration between non-profit organizations and governments.



5. An effective procurement strategy for commodity products should focus on:

A) driving down cost and reducing risk.
B) spreading purchases equally across suppliers.
C) selecting primary and alternate sources.
D) selecting suppliers with value-added products.