CLP Supply Chain Management & Planning 3

Question 1

Which supply chain model is characterized by products being made to customer specifications only after an order is received?

Accepted Answer

Make-to-Order (MTO)

Answer

Make-to-Order production begins only after a customer order is received, eliminating finished goods inventory risk.

Question 2

What is the primary purpose of a 'Bill of Materials' (BOM) in supply chain planning?

Accepted Answer

Define the components and quantities needed to manufacture a product

Answer

A Bill of Materials lists all components, sub-assemblies, and quantities required to produce a finished product.

Question 3

In supply chain finance, 'supply chain financing' (reverse factoring) primarily benefits which party?

Accepted Answer

Both buyer and supplier by optimizing working capital for both

Answer

Reverse factoring benefits both parties — buyers extend payment terms while suppliers receive early payment at lower rates due to the buyer's credit rating.

Question 4

Which approach involves sharing real-time point-of-sale data with upstream suppliers to reduce the bullwhip effect?

Accepted Answer

Vendor Managed Inventory (VMI)

Answer

Vendor Managed Inventory uses shared POS data to allow suppliers to manage replenishment directly, reducing demand signal distortion.

Question 5

A company wants to reduce its supply chain's carbon footprint. Which strategy directly addresses scope 3 emissions in the supply chain?

Accepted Answer

Engaging suppliers to measure and reduce their own emissions

Answer

Scope 3 emissions include upstream and downstream supply chain emissions; engaging suppliers to reduce their emissions directly addresses this category.

(CLP) Certified Logistics Professional Practice Test

(CLP) Certified Logistics Professional Practice Test

CLP Supply Chain Management & Planning 3