May 27, 2024 Updated CTSC Dumps Questions For APICS Exam
Best Value Available Preparation Guide for CTSC Exam
NEW QUESTION # 39
A firm creating a digital supply chain transformation team wants to ensure the data feeds to be used are of high quality and free of errors. Which key role within the transformation team should be responsible for the quality and accuracy of the data feeds?
- A. Data steward
- B. Data modeler
- C. Data engineer
- D. Data scientist
Answer: A
Explanation:
Explanation
According to the ASCM CTSC Exam Content Manual, a data steward is a key role within a digital supply chain transformation team that is responsible for the quality and accuracy of the data feeds.A data steward is defined as "an oversight or data governance role within an organization, and is responsible for ensuring the quality and fitness for purpose of the organization's data assets, including the metadata for those data assets"1.A data steward may share some responsibilities with a data custodian, such as the awareness, accessibility, release, appropriate use, security and management of data1. A data steward would also participate in the development and implementation of data assets.A data steward may seek to improve the quality and fitness for purpose of other data assets their organization depends upon but is not responsible for1.Data stewards have a specialist role that utilizes an organization's data governance processes, policies, guidelines and responsibilities for administering an organizations' entire data in compliance with policy and/or regulatory obligations1.The overall objective of a data steward is the data quality of the data assets, datasets, data records and data elements1.This includes documenting metainformation for the data, such as definitions, related rules/governance, physical manifestation, and related data models (most of these properties being specific to an attribute/concept relationship), identifying owners/custodian's various responsibilities, relations insight [definition needed] pertaining to attribute quality, aiding with project requirement data facilitation and documentation of capture rules1.Data stewards begin the stewarding process with the identification of the data assets and elements which they will steward, with the ultimate result being standards, controls and data entry1.The steward works closely with business glossary standards analysts (for standards), with data architect
/ modelers (for standards), with DQ analysts (for controls) and with operations team members (good-quality data going in per business rules) while entering data1.Data stewardship roles are common when organizations attempt to exchange data precisely and consistently between computer systems and to reuse data-related resources1. Master data management often [quantify] makes references to the need for data stewardship for its implementation to succeed.Data stewardship must have precise purpose, fit for purpose or fitness1.
1:Data steward - Wikipedia
NEW QUESTION # 40
What is the most important driver to determine a metrics tracking cycle?
- A. Type of data
- B. Change frequency
- C. Tracking progress
- D. Level of metrics
Answer: B
Explanation:
Explanation
According to the CTSC exam content manual1, the most important driver to determine a metrics tracking cycle is the change frequency, which is the rate at which the metric value changes over time. The change frequency affects how often the metric should be measured and reported, as well as the level of detail and aggregation required. A metric with a high change frequency should be tracked more frequently and with more granularity than a metric with a low change frequency.
NEW QUESTION # 41
What is the purpose of using value at risk (VAR) in supply chain risk management?
- A. To establish a common language to quantify supply chain risk in terms of currency
- B. To prioritize supply chain risks based on their likelihood of occurrence
- C. To assess the financial impacts of supply chain risks
- D. To measure the effectiveness of supply chain mitigation efforts
Answer: A
Explanation:
Explanation
Supply chain risk management
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the purpose of using value at risk (VAR) in supply chain risk management is to establish a common language to quantify supply chain risk in terms of currency.VAR is defined as "a statistical technique used to measure and quantify the level of financial risk within a firm or investment portfolio over a specific time frame"2.VAR can help to estimate the potential loss that a supply chain may face due to various sources of disruption, such as demand fluctuations, supplier failures, natural disasters, or cyberattacks13.By expressing supply chain risk in monetary terms, VAR can help to communicate the risk exposure to different stakeholders, compare the risk profiles of different supply chain scenarios, and allocate resources for risk mitigation13.VAR can also help to link supply chain risk management with corporate financial performance and strategy14.
NEW QUESTION # 42
Which of the following statements best describes how the SCOR model should be used when organizations are establishing their key performance indicators (KPIs)?
- A. There is no inherent relationship between SCOR and KPIs.
- B. Level 2 metrics should be designated as their KPIs.
- C. Level 3 metrics should be designated as their KPIs.
- D. Level 1 metrics should be designated as their KPIs.
Answer: B
Explanation:
Explanation
According to the ASCM, the SCOR model provides a framework for measuring the performance of the supply chain across five core processes: Plan, Source, Make, Deliver, and Return. The model defines three levels of metrics: Level 1, Level 2, and Level 3. Level 1 metrics are strategic metrics that reflect the overall performance of the supply chain, such as customer satisfaction, total cost, and return on assets. Level 2 metrics are diagnostic metrics that measure the performance of each core process, such as reliability, responsiveness, agility, cost, and asset management.Level 3 metrics are operational metrics that measure the performance of specific activities within each core process, such as order fulfillment cycle time, production yield, and inventory turns1.
The ASCM recommends that organizations use Level 2 metrics as their KPIs, because they provide a balanced view of the supply chain performance across the five core processes and the attributes of reliability, responsiveness, agility, cost, and asset management.Level 2 metrics also enable benchmarking and best practice identification, as well as alignment with the customer and stakeholder expectations1.Level 1 metrics are too high-level and may not reflect the specific performance of each core process, while Level 3 metrics are too detailed and may not capture the overall performance of the supply chain1. Therefore, Level 2 metrics are the most suitable for establishing KPIs.
NEW QUESTION # 43
A retail company is experiencing stockouts of a popular product due to supply chain disruptions.
Which of the following steps should the company take to address this issue according to the theory of constraints (TOC)?
- A. Increase inventory levels of finished goods.
- B. Optimize capacity at the bottleneck work center.
- C. Increase production at the bottleneck work center.
- D. Reduce the workload at the critical resource.
Answer: B
NEW QUESTION # 44
A comprehensive supply chain transformation action plan is mainly focused on which of the following outcomes?
- A. Traditional metrics around supply chain performance being well developed across the organization
- B. Best practices around Plan, Source, Transform, and Fulfill processes being part of daily business operations
- C. Perfect order targets being met while inventory levels always remain desirable
- D. Supply chain strategy being integrated with the business strategy to achieve top and bottom line improvements
Answer: D
Explanation:
Explanation
According to the ASCM, a comprehensive supply chain transformation action plan is a roadmap that guides the organization to align its supply chain strategy with its business strategy, and to achieve higher performance, efficiency, and sustainability in its supply chain operations1.The main outcome of such a plan is to enable the organization to deliver better value to its customers and stakeholders, and to improve its top and bottom line results1. Some of the steps involved in creating a supply chain transformation action plan are:
Assessing the current state of the supply chain and identifying the gaps and opportunities for improvement Defining the future state of the supply chain and setting the vision, goals, and objectives Developing the business case for change and securing the buy-in and support from the senior management and cross-functional teams Selecting the best practices, methodologies, and technologies to implement the change and optimize the supply chain processes Executing the change and monitoring the progress and results1 The other options are not the main focus of a comprehensive supply chain transformation action plan, but rather some of the aspects or outcomes of the plan.For example, traditional metrics around supply chain performance are important to measure the current state and the improvement potential, but they may not capture the strategic value and impact of the supply chain transformation2.Perfect order targets and inventory levels are some of the operational goals that the plan may aim to achieve, but they are not the ultimate outcome of the plan3.Best practices around Plan, Source, Transform, and Fulfill processes are some of the tools and methods that the plan may use to optimize the supply chain operations, but they are not the purpose of the plan4. Therefore, the most accurate answer is A.
NEW QUESTION # 45
In order to determine the appropriate level of cybersecurity practices necessary for an organization, the company should:
- A. evaluate the situations that could result in business disruption.
- B. indicate the information shared with business partners.
- C. refer to best practices outlined in ISO 27000 standards.
- D. define and discuss the collaboration methods with business partners.
Answer: A
NEW QUESTION # 46
One major performance outcome of a digital supply chain transformation is:
- A. higher net promoter score and lower cost of customer acquisition.
- B. lower selling, general, and administrative (SG&A) expenses of the business.
- C. fewer trade-offs between costs and customer satisfaction.
- D. greater employee retention rate and job satisfaction.
Answer: C
Explanation:
Explanation
According to the CTSC Enterprise and Supply Chain Management (ESCM) manual, one major performance outcome of a digital supply chain transformation is fewer trade-offs between costs and customer satisfaction1.A digital supply chain transformation is the use of digital technology and digital content to improve supply chain performance2.It enables a flexible matrix of supply chain partners, instead of one upstream and one downstream echelon2.It also enhances information sharing, visibility, decision making, and responsiveness2.By leveraging digital capabilities, a supply chain can achieve higher levels of efficiency, agility, and innovation, while meeting or exceeding customer expectations1.This reduces the need to compromise on either costs or customer satisfaction, and creates a competitive advantage for the supply chain1.
1: https://www.ascm.org/ctsc-ecm/2:
https://www.hclspdev.com/cdn/ascm2023/files/ctsc_slides/ASCM_CTSC_2023_1.pdf
NEW QUESTION # 47
The key outputs of analyzing performance within the SCOR framework are:
- A. as-is Level 3 process diagram, scorecard, and competitive requirements.
- B. scorecard, SWOT analysis and competitive parities.
- C. as-is Level 3 process diagram, competitive analysis, and SWOT analysis.
- D. scorecard, business canvass, and SWOT analysis.
Answer: A
Explanation:
Explanation
According to the ASCM CTSC Exam Content Manual, the SCOR framework consists of five phases: analyze, configure, optimize, implement, and evaluate.In the analyze phase, the key outputs are an as-is Level 3 process diagram, a scorecard, and competitive requirements1.The as-is Level 3 process diagram shows the current state of the supply chain processes in detail, using the SCOR standard definitions and symbols2.The scorecard measures the performance of the supply chain processes against the SCOR metrics and benchmarks3.The competitive requirements define the target performance levels for the supply chain processes based on the customer and market expectations4.
1: ASCM CTSC Exam Content Manual, page 13.2:SCOR Quick Reference Guide - APICS3:SCOR Digital Standard | ASCM4:Unlock Supply Chain Mgmt: Introducing SCOR Model | IIENSTITU
NEW QUESTION # 48
A company has completed the responsive supply-demand matching (RDSM) phase of its digital transformation and has created a results tracking dashboard. Which of the following supply chain metrics should be included on this RDSM dashboard?
- A. Inventory quality ratio
- B. On-time, in-full
- C. Customer backorder rate
- D. Sell-through rate
Answer: B
Explanation:
Explanation
responsive supply-demand matching (RDSM) is the ability to sense demand exceptions, target revenue opportunities and resolve supply challenges through planning of constrained resources and allocation of supply across the network to best meet demand according to the business strategy1.One of the benefits of RDSM is to improve the customer service level by fulfilling the demand on time and in full1.Therefore, one of the supply chain metrics that should be included on the RDSM dashboard is on-time, in-full, which measures the percentage of orders that are delivered to the customers within the agreed time window and with the correct quantity and quality2.
The other options are not suitable for the RDSM dashboard, as they are not directly related to the RDSM objectives or outcomes.Inventory quality ratio is a metric that measures the percentage of inventory that is in good condition and can be sold to the customers3.This metric is more relevant for the inventory optimization phase of the digital transformation, which aims to reduce the inventory costs and risks4.Customer backorder rate is a metric that measures the percentage of orders that are not fulfilled on time due to the lack of inventory5.This metric is more relevant for the demand sensingand shaping phase of the digital transformation, which aims to improve the demand forecasting accuracy and responsiveness6. Sell-through rate is a metric that measures the percentage of inventory that is sold within a given period of time. This metric is more relevant for the omni-channel fulfillment phase of the digital transformation, which aims to optimize the order fulfillment across different channels and locations.
NEW QUESTION # 49
For an organization considering supply chain transformation, what is the main reason to evaluate current sales and operations planning (S&OP) processes?
- A. The S&OP process is not linked to transformation, so it does not need to be evaluated.
- B. S&OP can be linked to potential constraints and should be evaluated as part of the transformation initiative.
- C. The S&OP process can give an advantage of linking between supply and demand in a transformation.
- D. Since S&OP is part of the inventory strategy, reducing inventories will be an advantage in a transformation.
Answer: C
Explanation:
Explanation
According to the ASCM CTSC Exam Content Manual, one of the benefits of a mature S&OP process is to enable the alignment of supply and demand plans with the strategic objectives of the organization1.This can help to optimize the use of resources, reduce costs, improve customer service, and increase profitability.
Therefore, evaluating the current S&OP process can help an organization to identify the gaps and opportunities for improvement in a supply chain transformation initiative.
1: ASCM CTSC Exam Content Manual, page 14.
NEW QUESTION # 50
A company seeks to reduce the time between identifying shifts in demand and changing its manufacturing schedule. According to the Digital Capabilities Model (DCM), which digital discipline area within the Demand Planning and Management capability is most directly involved in this objective?
- A. Sense
- B. Respond
- C. Optimize
- D. Collaborate
Answer: B
NEW QUESTION # 51
Which of the following strategies deals with making a shift from traditional ways of operating to ways that make extensive use of data, technology, and business models in innovative ways?
- A. Supply chain optimization (SCO)
- B. Digital supply chain transformation
- C. Integrated business planning
- D. Supply chain analytics
Answer: B
NEW QUESTION # 52
Which of the following approaches is best for a company looking to become more adaptable to better combat market changes?
- A. Ensure activities across the value system align and synchronize.
- B. Implement technology to support collaborative relationships.
- C. Use redundancy strategies to prepare for potential disruptions.
- D. Review the business strategies and the executions periodically.
Answer: A
NEW QUESTION # 53
When improving its connected customer capability, a company will likely enhance:
- A. profitability.
- B. sustainability.
- C. awareness.
- D. agility.
Answer: C
Explanation:
Explanation
According to the ASCM, the Connected Customer Capability allows companies to augment traditional transactional interactions to achieve effective and integrated customer engagement throughout the customer, product and service life cycles, from acquisition to service1.One of the benefits of this capability is to increase the awareness of the customers about the company's products, services, and value proposition, as well as to generate more leads and referrals1.Awareness is the first stage of the customer journey, where the customer becomes aware of the company and its offerings, and decides whether to engage with the company or not1.By improving the connected customer capability, a company can use various channels and technologies to reach out to potential customers, provide relevant and personalized information, and create a positive impression that attracts and retains customers1. Therefore, awareness is the most likely outcome of enhancing the connected customer capability.
NEW QUESTION # 54
When designing a new demand-driven supply chain, at what point should available technologies be evaluated?
- A. Technology selection and supply chain design should occur over the same time period.
- B. Technology selection is not part of the new demand-driven supply chain process.
- C. Technologies should be selected first, and then the supply chain should be designed around the technologies.
- D. Technologies should be evaluated after the supply chain is designed.
Answer: D
Explanation:
Explanation
According to the ASCM CTSC Exam Content Manual, when designing a new demand-driven supply chain, technologies should be evaluated after the supply chain is designed.This is because the supply chain design should be based on the customer needs, the business strategy, and the supply chain capabilities, not on the available technologies1.The technologies should be selected to support and enable the supply chain processes, not to dictate or constrain them1.Evaluating technologies after the supply chain is designed can help to avoid unnecessary costs, complexity, and risks, and to ensure alignment and integration across the supply chain network1.
1: ASCM CTSC Exam Content Manual, page 8.
NEW QUESTION # 55
Which of the following examples represents a risk avoidance strategy?
- A. Mitigation of uncertain market events
- B. Postponed product differentiation
- C. Delay of entry into a market or market segment
- D. Hedging procurement of raw materials
Answer: C
NEW QUESTION # 56
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