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Exam CSCP topic 1 question 315 discussion

Actual exam question from APICS's CSCP
Question #: 315
Topic #: 1
[All CSCP Questions]

A company develops annual forecasts for key products and enters into annual contracts with key suppliers based on the forecasts. Which of the following benefits would the company most likely receive from this approach?

  • A. Shorter delivery lead times
  • B. Lower prices
  • C. Improved service
  • D. Higher-quality products
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Suggested Answer: B 🗳️
by 1081841519 at April 28, 2022, 2:10 p.m.

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abhi_15
1 year, 3 months ago
Why not improved service? Forecasts by themselves do not ensure lower prices as commodity inflation may play a bigger role in price escalation. However, in all cases accurate forecasts will ensure availability of material and hence better service
upvoted 3 times
ylion403
1 year, 3 months ago
I don't see how it would guarantee improve service.. a company could enter annual contracts with suppliers, supplier may or may not provide excellent service. But by signing annual contracts, it will allow supplier to better understand the actual number of product and plan accordingly. As such, supplier may provide lower prices
upvoted 1 times
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MaximumP
1 year, 1 month ago
What are you talking about? "Key Products" This means the strategic importance is high, and it is not a commodity. Therefore, this is a leverageable material, and with all leverageable materials, you try to reduce price and improve quality over time. Carefully read the question, people.
upvoted 1 times
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