CSCP Supply Chain Planning and Execution 3

Question 1

What is the 'order cycle time' metric measuring in supply chain execution?

Accepted Answer

The elapsed time from when a customer places an order to when they receive it

Answer

The time required to process a purchase order internally

Answer

The production cycle time for a manufacturing work order

Answer

The time between reorder points in an inventory system

Question 2

Which of the following is a primary function of a Transportation Management System (TMS)?

Accepted Answer

Route optimization, carrier selection, freight audit, and shipment tracking

Answer

Managing warehouse inventory locations and pick paths

Answer

Generating purchase orders for replenishment

Answer

Processing supplier invoices and payments

Question 3

In supply chain execution, 'track and trace' capabilities primarily benefit:

Accepted Answer

Real-time shipment visibility, proactive exception management, and customer communication

Answer

Optimizing warehouse storage capacity

Answer

Negotiating better carrier rates

Answer

Scheduling production work orders

Question 4

What is 'vendor-managed inventory' (VMI)?

Accepted Answer

A collaboration model where the supplier manages replenishment of the customer's inventory based on shared data

Answer

An arrangement where the buyer controls all supplier inventory levels

Answer

A system for vendors to audit their own quality performance

Answer

A method of consigning inventory at the supplier's warehouse

Question 5

Which KPI measures the percentage of orders fulfilled completely, on time, and damage-free?

Accepted Answer

Perfect order rate

Answer

Fill rate

Answer

On-time delivery rate

Answer

Order accuracy rate

Question 6

In international trade, an 'Incoterm' such as DDP (Delivered Duty Paid) means:

Accepted Answer

The seller bears all costs and risks until goods are delivered to the buyer's named location, including duties

Answer

The buyer is responsible for all freight costs from the port of origin

Answer

The seller transfers risk when goods are loaded on the ship

Answer

Duties and taxes are split equally between buyer and seller