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NEW QUESTION 25
The most useful inventory costing method which enables purchase price variance analysis is:

• A. last in first out (LIFO) costing.
• B. standard costing.
• C. first in first out (FIFO) costing.
• D. average costing.

Answer: B

NEW QUESTION 26
Organizations that change from a traditional purchasing perspective to a supply chain perspective most likely will adopt techniques related to:

• A. product pricing.
• B. centralized decision making.
• C. value stream analysis.
• D. sourcing multiple suppliers.

Answer: C

NEW QUESTION 27
A company that has consistently achieved a high level of on-time delivery performance has decided to reduce its inventory level significantly. Which of the following outcomes is the most likely effect of that decision on the company's on time delivery performance?

• A. It will decline and then stabilize at a lower level.
• B. There will be no effect.
• C. It will decline until sales erode.
• D. It will improve and then stabilize at a higher level.

Answer: A

NEW QUESTION 28
In the Customer Relationship Management arena, what does PSA stand for?

• A. Products and Services Agreements
• B. Professional Services Association
• C. Pricing Sales Agreement
• D. Production Services Associates

Answer: A

Explanation:
Article a Tax Aligned approach to SCM

NEW QUESTION 29
Which of the following statements best characterizes the use of the Supply Chain Operations Reference (SCOR) model?

• A. It is a requirement for ISO 9000 standards
• B. It is used to describe and improve any supply chain
• C. It is used as a reference model for distribution planning
• D. It is a required reference for reverse logistics

Answer: B

Explanation:
Section: Mixed questions
Explanation/Reference: https://scm.ncsu.edu/scm-articles/article/the-scor-model-for-supply-chain-strategic-decisions

NEW QUESTION 30
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