CLP Supply Chain Management & Planning

Question 1

What is the main goal of supply chain management?

Accepted Answer

Coordinate activities efficiently

Answer

Increase costs

Answer

Ignore suppliers

Answer

Delay deliveries

Question 2

What role does demand forecasting play?

Accepted Answer

Predict demand for planning

Answer

Ignore customer needs

Answer

Increase waste

Answer

Delay shipments

Question 3

Why is inventory management important?

Accepted Answer

Balance stock and costs

Answer

Hold maximum stock

Answer

Ignore stock levels

Answer

Delay orders

Question 4

What is just-in-time (JIT) inventory?

Accepted Answer

Receive goods as needed

Answer

Stockpiling excess

Answer

Ignore demand

Answer

Delay production

Question 5

How does supplier relationship management benefit supply chains?

Accepted Answer

Enhance collaboration and quality

Answer

Ignore suppliers

Answer

Reduce communication

Answer

Increase delays

Question 6

What is the impact of poor supply chain planning?

Accepted Answer

Causes stockouts and delays

Answer

Improves efficiency

Answer

Reduces waste

Answer

Enhances service

Question 7

Why is technology important in supply chain planning?

Accepted Answer

Real-time data and decisions

Answer

Increases errors

Answer

Slows processes

Answer

Reduces visibility

Question 8

What is a key performance indicator (KPI) in supply chains?

Accepted Answer

Measure order accuracy and delivery

Answer

Ignore data

Answer

Increase costs

Answer

Reduce transparency

Question 9

How does risk management support supply chains?

Accepted Answer

Identify and mitigate risks

Answer

Ignore risks

Answer

Increase vulnerabilities

Answer

Delay responses