Supply Chain Management & Planning Flashcards
7 cards from real CLP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Supply Chain Management & Planning flashcards as text
Which demand planning technique uses historical sales data patterns, seasonality, and trends to project future demand?
Answer: Time-series forecasting
Time-series forecasting analyzes historical data patterns including trends and seasonality to project future demand.
In supply chain risk management, 'supply chain visibility' primarily helps organizations do which of the following?
Answer: Identify and respond to disruptions before they escalate
Supply chain visibility enables proactive identification and response to disruptions by providing real-time data across the supply chain.
A company experiences a sudden spike in customer orders due to a viral social media trend. Which supply chain strategy best addresses this sudden demand surge?
Answer: Activate pre-negotiated surge capacity with contract manufacturers
Pre-negotiated surge capacity with contract manufacturers allows rapid scaling to meet unexpected demand spikes.
What is 'postponement' in supply chain strategy?
Answer: Deferring product differentiation as late as possible in the supply chain
Postponement defers product customization or differentiation to the latest feasible point in the supply chain to reduce inventory risk.
Which metric measures the total time from when a customer places an order to when it is delivered, including all processing steps?
Answer: Order-to-delivery cycle time
Order-to-delivery cycle time captures the complete elapsed time from customer order placement through delivery.
In Sales and Operations Planning (S&OP), which cross-functional team meeting reviews demand plans, supply plans, and financial projections to reach consensus?
Answer: Executive S&OP meeting
The Executive S&OP meeting is where senior leadership reviews reconciled demand and supply plans and makes binding decisions.
A manufacturer uses a 'pull system' for production scheduling. Which of the following best describes this approach?
Answer: Production is triggered by actual customer demand signals
A pull system triggers production only in response to actual downstream demand signals, reducing overproduction and excess inventory.