CLT Supply Chain Management Flashcards
6 cards from real CLT practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CLT Supply Chain Management flashcards as text
What is 'lead time' in supply chain management?
Answer: The total time from order placement to order receipt
Lead time is the total elapsed time between placing an order with a supplier and receiving that order at the destination.
Which supply chain strategy has the supplier monitor and replenish inventory at the customer's location using shared data?
Answer: Vendor Managed Inventory (VMI)
Vendor Managed Inventory (VMI) shifts replenishment responsibility to the supplier, who monitors stock levels and replenishes based on real-time shared data.
What is the purpose of safety stock in inventory management?
Answer: To buffer against demand variability and supply uncertainty
Safety stock is extra inventory held beyond expected demand to prevent stockouts caused by unpredictable demand fluctuations or supply delays.
Which technology uses radio waves to automatically identify and track tags attached to objects, enabling real-time inventory visibility?
Answer: RFID (Radio Frequency Identification)
RFID technology uses electromagnetic fields to automatically identify and track tagged items, and can read multiple items simultaneously without requiring line-of-sight.
What does '3PL' stand for in logistics?
Answer: Third-party logistics
Third-party logistics (3PL) refers to outsourcing logistics operations such as warehousing, transportation, and fulfillment to a specialized external provider.
Which concept in supply chain management refers to a company acquiring businesses at the same level of the supply chain?
Answer: Horizontal integration
Horizontal integration occurs when a company acquires or merges with competitors or businesses at the same supply chain level to increase market share or capacity.