CBS CBS Supply Chain & Operations Strategy

Question 1

Which supply chain strategy prioritizes cost efficiency by producing goods based on forecasted demand?

Accepted Answer

Push strategy

Answer

Pull strategy

Answer

Lean strategy

Answer

Agile strategy

Question 2

Just-in-Time (JIT) inventory management aims to:

Accepted Answer

Receive goods only as they are needed in production

Answer

Build large safety stocks to prevent stockouts

Answer

Outsource all warehousing to third parties

Answer

Maximize order batch sizes for volume discounts

Question 3

Vertical integration in operations strategy refers to:

Accepted Answer

A company owning multiple stages of its supply chain

Answer

Expanding into new geographic markets

Answer

Partnering with competitors for shared distribution

Answer

Automating all production processes

Question 4

A key performance indicator (KPI) commonly used to measure supply chain efficiency is:

Accepted Answer

Perfect Order Rate

Answer

Employee Net Promoter Score

Answer

Cost per Click

Answer

Market share percentage

Question 5

Which risk mitigation strategy involves sourcing the same component from multiple suppliers?

Accepted Answer

Multi-sourcing

Answer

Single sourcing

Answer

Sole sourcing

Answer

Nearshoring

Question 6

Total Cost of Ownership (TCO) in supply chain decisions includes:

Accepted Answer

All costs related to acquiring, using, and disposing of a product or service

Answer

Only the purchase price of goods

Answer

Only transportation and logistics costs

Answer

Only labor costs in production