Supply Chain and Logistics Supply Chain Planning and Strategy 2

Question 1

What is collaborative planning, forecasting, and replenishment (CPFR)?

Accepted Answer

A supply chain best practice where trading partners jointly develop forecasts and replenishment plans

Answer

An internal financial forecasting tool

Answer

A government reporting standard for food supply

Answer

A software certification program

Question 2

What is postponement strategy in supply chain management?

Accepted Answer

Deferring product differentiation to the latest possible point in the supply chain

Answer

Delaying supplier payments to improve cash flow

Answer

Pushing inventory upstream to reduce distribution costs

Answer

Postponing new product launches until peak season

Question 3

What is a make-to-order (MTO) production strategy?

Accepted Answer

Manufacturing products only after a confirmed customer order is received

Answer

Building large amounts of inventory in advance of demand

Answer

Ordering raw materials on a monthly basis

Answer

Making products to standard quality only when reorder points are hit

Question 4

What is the difference between a push and pull supply chain strategy?

Accepted Answer

Push produces based on forecasts; pull produces based on actual demand signals

Answer

Push uses rail; pull uses road transport

Answer

Push uses domestic suppliers; pull uses global suppliers

Answer

Push applies to B2B; pull applies to B2C

Question 5

What is a supply chain risk assessment?

Accepted Answer

A systematic process to identify, evaluate, and prioritize risks across supply chain operations

Answer

Annual financial review of supply chain costs

Answer

Auditing supplier ISO certifications

Answer

Assessing warehouse fire safety compliance

Question 6

What is an integrated supply chain?

Accepted Answer

A supply chain where all processes, information, and partners are coordinated seamlessly from raw material to end customer

Answer

A supply chain using only domestic suppliers

Answer

A supply chain managed by a single company end-to-end

Answer

A supply chain that uses integrated logistics software