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NEW QUESTION 29
The best way to manage a business relationship is to measure performance to:

• A. agreed-upon metrics.
• B. quality targets.
• C. cost of ownership metrics.
• D. on-time delivery.

Answer: A

NEW QUESTION 30
A company wants to reduce lead time while minimizing inventory costs. Which of the following approaches is most appropriate to implement?

• A. Six sigma
• B. Lean
• C. Kaizen blitz
• D. Make-to-stock

Answer: B

Explanation:
Section: Mixed questions

NEW QUESTION 31
The globalization of a supply chain typically increases uncertainty and:

• A. product standardization.
• B. documentation complexity.
• C. production lead time.
• D. local competition.

Answer: B

NEW QUESTION 32
Which of the following conditions are most indicative of a company that is effectively managing its cash?

• A. High accounts receivable, low inventory, high accounts payable
• B. Low accounts receivable , high inventory, low accounts payable
• C. Low accounts receivable, low inventory, high accounts payable
• D. High accounts receivable, high inventory, low accounts payable

Answer: C

NEW QUESTION 33
A master production schedule serves a company best by functioning as a:

• A. dispatch list.
• B. forecast system buffer.
• C. supplier scheduling system.
• D. priority planning tool.

Answer: D

Explanation:
Section: Implementation and Operations

NEW QUESTION 34
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