Certified Supply Chain Professional: CSCP

In terms of segmenting supply chain relationships and approaches in effective management of supply chain relationships, strategic items which include goods and services that consume a large portion of total purchase dollars require __________value, and _________ qualified suppliers in order to achieve the best results.

A. high; many

B. high; few

C. low; many

D. low; few

Which of the following manufacturing strategies would run the greatest risk of increasing obsolete inventory costs?

A. Make-to-stock

B. Assemble-to-order

C. Make-to-order

D. Engineer-to-order

Which of the following responses to risk best describes the evolving concept of flexibility in supply chain risk management?

A. The practice of adjusting capacities in a manufacturing environment

B. The ability to react quickly to changes or events while maintaining customer service levels

C. The ability to produce high volume stock keeping units (SKUs) in multiple locations

D. The ability to produce complex configurations of a product within the standard lad time