A company is aggressively pursuing improvements in the financial performance of its supply chain. The company should first focus its efforts on which of the following metrics?

• A.Number of inventory turns
• B.Number of first-tier suppliers
• C.Cycle count accuracy
• D.Process takt time

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Various researchers report that aggregating data into about 150 to 200 data points results in nomore than what percent error in the estimation of total transportation costs?

• A.5 percent
• B.10 percent
• C.20 percent
• D.25 percent
• E.1 percent

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

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A remanufacturer of equipment is most likely to have what type of supply chain?

• A.Modular logistics
• B.Reverse logistics
• C.Mixed model
• D.Lateral

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Which of the following statements describes a continuous replenishment strategy in a retail environment?

• A.Vendors use sales data and prepare shipments to maintain the desired level of inventory.
• B.Retailers prepare individual orders and share sales data with vendors to improve customer service.
• C.Vendors take full control of inventory policy.
• D.Retailers make replenishment decisions.

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