Apics Exam Questions Essay

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Question Number: 1 BASICS OF SUPPLY CHAIN MGMT (BSCM) :Businesswide Concepts

The basic elements of the supply chain include:
A) supply, manufacture, distribution.
B) design, manufacture, inventory.
C) engineer, design, manufacture.
D) supply, engineer, manufacture.

The correct answer is: A

Even though different companies produce different products, the basic elements are the same: supply, manufacture, and distribution.
(Arnold, Introduction to Materials Management, Chapter 1).

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Question Number: 2
BASICS OF SUPPLY CHAIN MGMT (BSCM) :Businesswide Concepts

In order to maximize profit, a company must have all of the following objectives except:
A) Best customer service
B) Most accurate production forecast
C)
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B) plan for business changes which take a long time.
C) establish customer requirements over the long term.
D) establish order promising strategies.

The correct answer is: B

Strategic plans are used for long term planning (2-10 years). They are used to allow time to plan for changes which take a long time to occur. These might include new plants or distribution centers.
(Arnold, Introduction to Materials Management, Chapter 8).

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Question Number: 9
BASICS OF SUPPLY CHAIN MGMT (BSCM) :Businesswide Concepts

Aggregate inventory management is concerned with:
A) managing inventory items and how they are used.
B) establishing the production plan.
C) the cost and benefits of carrying the different classes of inventory.
D) the distribution network and the movement of inventory.

The correct answer is: C

Aggregate inventory management is concerned with the cost and benefit of carrying raw materials, work-in-process, and finished goods inventory. It is financially oriented.
(Arnold, Introduction to Materials Management, Chapter 9).

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Question Number: 10
BASICS OF SUPPLY CHAIN MGMT (BSCM) :Businesswide Concepts

Which of the following are objectives of inventory?
I.Maximize customer service
II. Efficient transaction
III. Low cost plan operations
IV. Minimum inventory investment

A) I, II, and III
B) I, III,

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