CSCP Introduction 4

Question 1

In supply chain sustainability, what does the 'triple bottom line' framework evaluate?

Accepted Answer

Economic, environmental, and social performance simultaneously

Answer

The triple bottom line framework — also called 'people, planet, profit' — requires organizations to measure social, environmental, and economic performance together.

Question 2

A company maps all of its suppliers, its suppliers' suppliers, and downstream customers to understand risk exposure. This is best described as:

Accepted Answer

Supply chain network mapping

Answer

Supply chain network mapping creates a visual representation of all tiers of suppliers and customers to identify dependencies, risks, and opportunities for improvement.

Question 3

What is the main advantage of a 'postponement' strategy in supply chain management?

Accepted Answer

Deferring product differentiation until closer to the point of actual demand

Answer

Postponement delays final product configuration or customization until demand is more certain, reducing the risk of building the wrong product mix.

Question 4

Which type of supply chain relationship is characterized by long-term collaboration, shared goals, joint investment, and open information sharing?

Accepted Answer

Strategic partnership

Answer

Strategic partnerships involve deep, long-term collaboration between buyer and supplier with shared risks, rewards, information, and aligned objectives.

Question 5

What does 'cash-to-cash cycle time' measure in supply chain performance?

Accepted Answer

The number of days between paying for inventory and collecting payment from customers

Answer

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.

Certified Supply Chain Professional CSCP Practice Practice Test

Certified Supply Chain Professional CSCP Practice Practice Test

CSCP Introduction 4