Inventory Management & Supply Chain Flashcards
7 cards from real CCS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Inventory Management & Supply Chain flashcards as text
Which forecasting method uses historical seasonal patterns, trends, and cycles to project future ingredient demand?
Answer: Time series analysis
Time series analysis applies mathematical models to historical data patterns — trend, seasonality, and cycles — to predict future demand.
A food distributor uses a min-max inventory system. When stock falls to the minimum level, the system:
Answer: Triggers a replenishment order to bring inventory back to the maximum level
In a min-max system, reaching the minimum (reorder point) triggers an order sized to restore inventory to the predetermined maximum level.
Which risk mitigation strategy involves using multiple suppliers for the same ingredient?
Answer: Dual/multi-sourcing
Multi-sourcing distributes procurement across two or more suppliers, reducing dependency on any single source and improving supply resilience.
In food manufacturing, 'shrinkage' as an inventory concept primarily refers to:
Answer: Unexplained loss of inventory due to spoilage, theft, or error
Inventory shrinkage is the difference between recorded inventory and actual physical count, caused by spoilage, theft, damage, or administrative errors.
Which supply chain visibility tool gives all trading partners real-time access to shared inventory and order data?
Answer: Supply chain control tower
A supply chain control tower aggregates real-time data from all partners into a centralized dashboard for end-to-end visibility and rapid response.
A food company switches from periodic to cycle counting for inventory. The primary benefit is:
Answer: Identifying discrepancies continuously without shutting down operations for a full count
Cycle counting rotates through inventory continuously, catching errors in real time without requiring a complete operational shutdown.
Which of the following best describes 'demand-driven replenishment' in food supply chain management?
Answer: Triggering replenishment based on actual consumption signals rather than forecasts alone
Demand-driven replenishment uses real consumption data (point-of-sale, usage signals) to trigger orders, reducing over- and under-stocking.