Introduction Flashcards
7 cards from real CSCP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Introduction flashcards as text
In supply chain sustainability, what does the 'triple bottom line' framework evaluate?
Answer: Economic, environmental, and social performance simultaneously
The triple bottom line framework — also called 'people, planet, profit' — requires organizations to measure social, environmental, and economic performance together.
A company maps all of its suppliers, its suppliers' suppliers, and downstream customers to understand risk exposure. This is best described as:
Answer: Supply chain network mapping
Supply chain network mapping creates a visual representation of all tiers of suppliers and customers to identify dependencies, risks, and opportunities for improvement.
What is the main advantage of a 'postponement' strategy in supply chain management?
Answer: Deferring product differentiation until closer to the point of actual demand
Postponement delays final product configuration or customization until demand is more certain, reducing the risk of building the wrong product mix.
Which type of supply chain relationship is characterized by long-term collaboration, shared goals, joint investment, and open information sharing?
Answer: Strategic partnership
Strategic partnerships involve deep, long-term collaboration between buyer and supplier with shared risks, rewards, information, and aligned objectives.
What does 'cash-to-cash cycle time' measure in supply chain performance?
Answer: The number of days between paying for inventory and collecting payment from customers
Cash-to-cash cycle time measures the days between when a company pays its suppliers and when it collects cash from customers, reflecting working capital efficiency.
Which of the following best describes 'demand shaping' in supply chain management?
Answer: Using pricing, promotions, or product offerings to influence customer demand toward supply availability
Demand shaping uses tools like pricing, promotions, or lead time adjustments to shift or stimulate demand to better match supply capacity and constraints.
A company transitions from multiple regional warehouses to a single centralized distribution center. The primary inventory benefit is:
Answer: Risk pooling — reduced total safety stock by consolidating demand variability
Consolidating inventory into one location allows statistical risk pooling, where variability across regions partially offsets, reducing total safety stock required.