ASCM CLTD Question Bank: Page 10 • ExamPrepare

Question 55

Which of the following objectives best describe the scope of cycle counting?

Reconcile discrepancies between physical and recorded inventory.
Assure correct inventory level based on demand planning.
Reconcile discrepancies between quantities ordered and received.
Assure warehouse employees always have sufficient workloads.

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Question 56

Which of the following techniques is most commonly used for cycle counting of inventory?

Controlled sample
Occurrence of purchased order receipts
ABC classification
Product negative balance

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Question 57

The financial document that assures the seller of payment after the shipment is made is the:

freight invoice.
bill of material (BOM).
bill of lading (B/L).
letter of credit (L/C).

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Question 58

Excluding cost, which of the following sets of criteria describes the primary drivers for transportation mode selection?

Capacity, transit time, reliability, safety, and supply chain security participation
Accessibility, capacity, transit time, reliability, and financial stability
Accessibility, capacity, transit time, reliability, and safety
Capacity, transit time, safety, supply chain security participation, and availability

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Question 59

The primary goal of customer segmentation is to:

maintain customer loyalty.
develop customer product design.
improve cash flow.
minimize returns.

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Question 60

A pet food company is seeking a high-volume supplier of corn. Due to the growth in global demand for corn, the company needs to develop a long-term relationship with a reliable producer. The key to this successful relationship is to ensure that the company:

maintains the power in the relationship.
establishes the relationship as a joint venture.
has a written contract.
chooses a compatible partner.

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CLTD Practice Questions

Question 55

Question 56

Question 57

Question 58

Question 59

Question 60