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APICS Certified in Planning and Inventory Management(Part 2) Sample Questions:
1. Compared to traditional supplier relationships, a more strategic view of supplier relationships would require:
A) maintaining communication based on trust.
B) implementing concurrent engineering.
C) offering the supplier more business.
D) adopting electronic data interchange (EDI).
2. Rivalry among competing sellers is generally weaker when:
A) the number of rivals increases, and rivals are of roughly equal size and competitive capability.
B) the products of rival sellers are commodities.
C) buyer costs to switch brands are low.
D) buyer demand is growing rapidly.
3. A planner has chosen to increase the order point for a raw material. Which of the following costs is most likely to increase?
A) Ordering
B) Carrying
C) Landed
D) Product
4. A company sold 8,400 units last year. Average inventory investment was $42,000. Whatwas the inventory turns ratio,knowing that the unit cost is $207?
A) 5
B) 4
C) 0.25
D) 0.20
5. A focused differentiation strategy is best chosen with:
A) a broad cross-section of buyers and pursuit of a lower cost competitive advantage.
B) a broad cross-section of buyers and pursuit of a unique competitive advantage.
C) a narrow buyer segment and pursuit of a lower cost competitive advantage.
D) a narrow buyer segment and pursuit of a unique competitive advantage.
Solutions:
| Question # 1 Answer: A | Question # 2 Answer: D | Question # 3 Answer: B | Question # 4 Answer: A | Question # 5 Answer: D |




