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| Section | Weight | Objectives |
|---|---|---|
| Module 4: Detailed Schedules | 14% | - Production Activity Control
|
| Module 3: Supply | 23% | - Material Requirements Planning (MRP)
|
| Module 5: Distribution | 16% | - Transportation and Logistics
|
| Module 1: Supply Chains and Strategy | 26% | - Supply Chain Strategy
|
| Module 2: Demand Management | 21% | - Demand Forecasting
|
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NEW QUESTION # 420
A low-cost provider strategy works best when which of the following conditions are met?
Answer: C
Explanation:
A low-cost provider strategy is a business strategy where a company aims to become the most cost-efficient player in its industry, often by producing goods or providing services at a lower cost than its competitors. The overall goal is to increase market share or achieve higher profitability. The low-cost leader in an industry often sets the price that other companies have to match or beat to stay competitive12.
A low-cost provider strategy works best when buyers are more price sensitive, meaning they are more likely to switch to cheaper alternatives if the price of a product or service increases. This condition creates a strong demand for low-priced products or services, and gives the low-cost leader a competitive advantage over rivals who have higher costs and prices. Buyers are more price sensitive when34:
* The product or service is standardized or undifferentiated, and there are few switching costs.
* The product or service represents a significant portion of the buyer's budget or income.
* The product or service has low quality, performance, or image attributes that limit the buyer's satisfaction or loyalty.
* The product or service is not crucial to the buyer's well-being or enjoyment.
The other options are not correct because:
* A. Price competition among rivals is similar. This condition does not favor a low-cost provider strategy, because it implies that the industry is already highly competitive and there is little room for differentiation. A low-cost leader would have to lower its prices even further to gain an edge over rivals, which could erode its profitability and sustainability.
* C. There are many ways to achieve product differentiation. This condition does not favor a low-cost provider strategy, because it implies that the industry is diverse and dynamic, and there are many opportunities for innovation and value creation. A low-cost leader would have to invest more in research and development, marketing, and customer service to keep up with the changing customer preferences and expectations, which could increase its costs and reduce its efficiency.
* D. There are few industry newcomers. This condition does not favor a low-cost provider strategy, because it implies that the industry is mature and stable, and there are few threats from new entrants. A low-cost leader would have to rely on its existing customer base and market share, which could limit its growth potential and expose it to the risk of obsolescence.
NEW QUESTION # 421
A financial services organization wants to deploy a wireless network. Which of the following is the WEAKEST option for ensuring a secure network?
Answer: D
NEW QUESTION # 422
Which of the following planes directs the flow of data within a Software-Defined Networking (SDN) architecture?
Answer: D
NEW QUESTION # 423
A company has a demand for 30 units of A, 40 units of B, and 50 units of C.
These products are scheduled to run daily in batches of 10 as follows: ABC, ABC, ABC, CBC. What is this scheduling technique called?
Answer: B
Explanation:
Mixed-model scheduling is a technique that allows multiple products to be produced on the same assembly line without changeovers, and then sequences those products in a way that smoothes the demand for upstream components12. In this case, the company is using mixed-model scheduling to produce three different products (A, B, and C) on the same line, and then alternating them in a pattern that minimizes the variation in the workload and the inventory levels. The other options are not correct because:
*Matrix scheduling is a technique that assigns tasks to workers based on their skills and availability3.
*Synchronized scheduling is a technique that coordinates the production and delivery of materials and components to match the demand of the final assembly4.
*Line balancing is a technique that distributes the workload evenly among the workers or machines on a production line5. References := 1 Create Mixed Model Flow in 5 Steps | Industrial Equipment News 2 Mixed Model Scheduling - Mountain Home Academy 3 Matrix Scheduling - an overview | ScienceDirect Topics 4 Synchronized Scheduling - an overview | ScienceDirect Topics 5 Line Balancing - an overview | ScienceDirect Topics
NEW QUESTION # 424
An organization has deployed an Identity And Access Management (IAM) tool and is expanding their information governance program. Which of the following would BEST be included in the governance for IAM?
Answer: C
NEW QUESTION # 425
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