- (Topic 3)
Which of the following procurement strategies is most appropriate for a high-risk, high- value item?

1. A. Procuring in bulk to take advantage of volume pricing
2. B. Using an electronic trading platform to source items securely
3. C. Entering into vendor managed inventory (VMI) agreement
4. D. Creating a close collaborative relationship with the supplier

Correct Answer: D

- (Topic 2)
What are the steps in the supplier relationship process?

1. A. Measure, fulfill, document, model
2. B. Source, document, manage
3. C. Measure, procure, fulfill, model
4. D. Source, procure, fulfill, manage

Correct Answer: D

- (Topic 2)
A company produces and distributes a family of soft drinks in a single country. It has developed and will introduce a new family of soft drinks for weight- and health-conscious individuals. There currently are no competitors with nationwide distribution for this category of soft drinks. Which of the following supply chain strategies would be most appropriate for the two product families?

1. A. Produce both product families to forecast and push through the distribution system.
2. B. Produce both product families only after receipt of a distributor order.
3. C. Produce the current product family to forecast and the new product family to order.
4. D. Produce the current product family to order and the new product family to forecast.

Correct Answer: C

- (Topic 3)
Which of the following variables is the most appropriate customer-facing goal used to determine the target inventory level?

1. A. Inventory turns
2. B. Level of service
3. C. Total delivery cost
4. D. Delivery lead time

Correct Answer: B

- (Topic 1)
Which of the following actions typically would be considered part of a reverse logistics strategy?

1. A. Offering a discount on new purchases when used products are returned
2. B. Reducing the amount of packaging material used in shipping
3. C. Manufacturing products in batches consistent with full-truckload shipments
4. D. Batching returns of defective components to the suppliers

Correct Answer: A