CBS CBS Supply Chain & Operations Strategy 3

Question 1

The SCOR (Supply Chain Operations Reference) model is primarily used for:

Accepted Answer

Benchmarking and improving supply chain performance using standardized processes

Answer

The SCOR model provides a standardized framework for evaluating and improving supply chain processes across plan, source, make, deliver, return, and enable.

Question 2

Which inventory strategy maintains a buffer stock to guard against unexpected demand spikes or supply delays?

Accepted Answer

Safety stock

Answer

Safety stock is extra inventory held beyond expected needs to buffer against demand variability or supply disruptions.

Question 3

In operations strategy, 'throughput' refers to:

Accepted Answer

The rate at which a system produces finished goods or services

Answer

Throughput measures the rate at which a production system converts inputs into finished outputs, indicating operational speed and efficiency.

Question 4

Outsourcing a non-core function in operations strategy is typically driven by the goal to:

Accepted Answer

Focus internal resources on core competencies while gaining external expertise and cost savings

Answer

Outsourcing non-core functions allows a company to redirect management attention and capital toward its strategic strengths while leveraging specialized external providers.

Question 5

A strategic alliance in supply chain management differs from a traditional supplier relationship in that it:

Accepted Answer

Creates a long-term collaborative partnership with shared goals and information

Answer

A strategic alliance builds a deep, collaborative, and long-term relationship where partners share information, risks, and rewards to achieve mutual goals.

(CBS) Certified Business Strategist Practice Test

(CBS) Certified Business Strategist Practice Test

CBS CBS Supply Chain & Operations Strategy 3