Free CSCP Exam Dumps

Question 11

- (Topic 3)
A company recently implemented a new supplier rating system. Data was collected from the enterprise resources planning system about each vendor's rating for cost, quality, and delivery over 12 months. A cutoff point was established for poor performers. The responsible purchasing agent then scheduled meetings with each supplier. Which of the following actions is most appropriate to take with suppliers whose ratings were below the cutoff point?

A. Discuss ways to raise the ratings for the next review period.
B. Tell the suppliers they are on probation for 3 months.
C. Immediately cancel outstanding contracts with those suppliers.
D. Ask the suppliers to explain the poor performance.

Correct Answer:A

Question 12

- (Topic 3)
Which of the following changes often leads to higher levels of inventory?

A. Decrease in customer service level
B. Decrease in vendor lead times
C. Increase in economies of scale
D. Increase in warehouse holding costs

Correct Answer:C

Question 13

- (Topic 3)
Qualitative forecasting methods are most appropriate for projecting demand for:

A. commodity products.
B. families of products.
C. breakthrough products.
D. raw materials.

Correct Answer:C

Question 14

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

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

Correct Answer:D

Question 15

- (Topic 3)
A company has an asset turnover ratio of 1.8, inventory of $3,000, a 20% profit margin, and
$5,000 in total assets. What is the total sales volume for the company?

A. $ 5,400
B. $ 9,000
C. $15,000
D. $25,000

Correct Answer:B