Supply Chain Planning and Strategy Flashcards
6 cards from real Supply Chain and Logistics practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Supply Chain Planning and Strategy flashcards as text
What is collaborative planning, forecasting, and replenishment (CPFR)?
Answer: A supply chain best practice where trading partners jointly develop forecasts and replenishment plans
CPFR improves supply chain efficiency by sharing forecasting, promotional, and inventory data between retailers and suppliers.
What is postponement strategy in supply chain management?
Answer: Deferring product differentiation to the latest possible point in the supply chain
Postponement delays customization or final assembly until actual demand is known, reducing forecast risk and inventory obsolescence.
What is a make-to-order (MTO) production strategy?
Answer: Manufacturing products only after a confirmed customer order is received
Make-to-order production starts only after a customer order is placed, reducing finished goods inventory while increasing lead times.
What is the difference between a push and pull supply chain strategy?
Answer: Push produces based on forecasts; pull produces based on actual demand signals
Push strategies build and distribute inventory based on demand forecasts, while pull strategies respond to real customer orders or consumption signals.
What is a supply chain risk assessment?
Answer: A systematic process to identify, evaluate, and prioritize risks across supply chain operations
Supply chain risk assessment identifies vulnerabilities like single-source dependencies, geographic concentration, and supplier financial fragility.
What is an integrated supply chain?
Answer: A supply chain where all processes, information, and partners are coordinated seamlessly from raw material to end customer
An integrated supply chain aligns all participants—suppliers, manufacturers, distributors, and retailers—through shared information and coordinated processes.