APICS CTSC Certified in Transformation for Supply Chain Exam Exam Practice Test Questions

• Question 1

  What is the purpose of using value at risk (VAR) in supply chain risk management?

  • To establish a common language to quantify supply chain risk in terms of currency
  • To prioritize supply chain risks based on their likelihood of occurrence
  • To assess the financial impacts of supply chain risks
  • To measure the effectiveness of supply chain mitigation efforts

  Show Answer Answer: A Next

• Question 2

  When sharing performance metrics with customers, management needs to:

  • Avoid too many metrics in the report.
  • Consider any discrepancies within the survey feedback.
  • Provide a balanced and comprehensive set of metrics.
  • Ensure metrics are linked to business strategy.

  Show Answer Answer: C Next

• Question 3

  Which of the following models explains how accidents happen in complex systems?

  • Continuous flow
  • Fast chain
  • Herringbone
  • Swiss cheese

  Show Answer Answer: D Next

• Question 4

  What is the frozen time fence in the process of scheduling and managing the execution of activities required to create a product?

  • A barrier that prevents any changes from being made without senior management approval
  • A timeline that outlines when certain parts or product formulations need to be produced
  • A standard for setup and run in the factory layout
  • A metric used to measure the effectiveness of intermediate production or value-adding activities

  Show Answer Answer: A Next

• Question 5

  Which type of scorecard gap analysis is used to calculate the competitive gap by subtracting the actual performance from the parity or competitive benchmark?

  • Bottom-up process
  • Pareto analysis
  • SWOT analysis
  • Top-down process

  Show Answer Answer: D Next