New CSCM-001 Dumps For Preparing GAQM: Supply Chain And Retail Management Certified GAQM Exam Well [Q22-Q44] : Latest Exam Prep : http://certify.vceprep.com

NO.22 How can companies improve supply chain cost management?

By ignoring cost analysis

By implementing costsaving measures and optimizing resources

By increasing inventory levels

By extending production cycles

NO.23 Which strategy helps mitigate supply chain disruptions?

Relying on a single supplier

Diversifying the supplier base

Reducing inventory buffers

Limiting supply chain visibility

NO.24 Which factors are considered in supply chain risk management?

Supplier reliability, market fluctuations, natural disasters

Employee turnover, product development, branding

Marketing strategies, customer satisfaction, logistics

Production techniques, inventory types, warehousing costs

NO.25 What is the main advantage of supplier diversification?

Reducing negotiation power

Mitigating risks and ensuring supply continuity

Increasing dependency on a single supplier

Limiting market reach

NO.26 What is the significance of costtoserve analysis in supply chains?

Ignoring customer profitability

Identifying the true cost of serving different customers

Reducing pricing transparency

Limiting market analysis

NO.27 How does crossfunctional team collaboration enhance supply chain management?

By increasing departmental silos

By improving coordination and decisionmaking

By reducing communication

By complicating project management

NO.28 Identify the key factor in effective demand forecasting within supply chains.

Product lifespan

Historical sales data

Employee skill level

Production capacity

NO.29 Which factor is crucial for successful inventory turnover?

High inventory levels

Accurate demand forecasting

Long lead times

Multiple warehouse locations

NO.30 Identify the benefit of integrated supply chain planning.

Disconnected planning processes

Synchronized operations and improved decisionmaking

Increased planning time

Reduced demand visibility

NO.31 How does predictive analytics enhance supply chain planning?

Increasing forecast errors

Improving accuracy and reducing uncertainty

Limiting data insights

Reducing operational efficiency

NO.32 Which of the following improves supply chain sustainability?

Ignoring environmental regulations

Implementing ecofriendly practices and technologies

Increasing resource consumption

Reducing supply chain transparency

NO.33 How can companies improve supply chain sustainability?

By ignoring environmental impacts

By adopting green practices and reducing waste

By increasing resource consumption

By reducing supplier collaboration

NO.34 Identify the benefit of implementing a vendormanaged inventory (VMI) system.

Reducing supplier responsibility

Enhancing inventory accuracy and availability

Increasing stockouts

Limiting supplier communication

NO.35 What role does inventory optimization play in supply chain management?

Increasing holding costs

Balancing inventory levels to meet demand while minimizing costs

Limiting inventory turnover

Decreasing inventory accuracy

NO.36 What is the role of a procurement strategy in supply chain management?

Managing customer relationships

Ensuring costeffective and reliable supply of goods

Designing product packaging

Reducing supplier engagement

NO.37 Identify the benefit of collaborative forecasting in supply chains.

Increasing forecast inaccuracies

Improving demand accuracy and reducing variability

Limiting supplier involvement

Reducing communication efforts

NO.38 How can companies enhance their supply chain agility?

By maintaining rigid processes

By implementing flexible and adaptive strategies

By reducing supply chain visibility

By limiting technology use

NO.39 What is the function of a demand planning system in supply chain management?

Managing warehouse inventory

Coordinating supplier deliveries

Forecasting customer demand

Reducing production times

NO.40 What is the impact of regulatory compliance on supply chain operations?

Increasing operational risks

Ensuring adherence to laws and minimizing risks

Reducing supply chain visibility

Limiting supplier engagement

NO.41 Identify the key challenge of managing global supply chains.

Limited customer base

Increased regulatory compliance

Simplified transportation networks

Consistent supply chain standards

NO.42 How can companies ensure effective supplier performance?

By reducing supplier engagement

By establishing clear performance metrics and regular reviews

By limiting communication with suppliers

By avoiding supplier audits

NO.43 How can supply chain managers improve demand accuracy?

Ignoring market trends

Utilizing historical data and predictive analytics

Relying solely on supplier forecasts

Reducing customer interaction

NO.44 What is the advantage of using a multiechelon inventory optimization approach?

Simplifying supply chain planning

Balancing inventory levels across the entire supply chain network

Reducing supplier collaboration

Limiting market reach