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 the primary goal of supply chain management?
Answer: To deliver the right product to the right place at the right time at the right cost
Supply chain management coordinates the flow of goods, services, and information to deliver value to the end customer efficiently.
Which term describes the practice of receiving goods only as they are needed to minimize inventory?
Answer: Just-in-Time (JIT)
Just-in-Time (JIT) inventory management minimizes inventory by receiving goods only as they are needed in the production process, reducing carrying costs.
What is the 'bullwhip effect' in supply chain management?
Answer: Amplification of demand fluctuations as they move upstream in the supply chain
The bullwhip effect occurs when small changes in consumer demand cause increasingly larger demand swings upstream in the supply chain.
Which metric measures the percentage of customer orders fulfilled completely and correctly on the first shipment?
Answer: Perfect order rate
The perfect order rate measures the percentage of orders delivered on time, in full, without damage, and with accurate documentation.
What does the acronym 'SKU' stand for in logistics?
Answer: Stock Keeping Unit
A Stock Keeping Unit (SKU) is a unique identifier assigned to each distinct product to enable tracking and management in inventory systems.
Which supply chain strategy involves producing goods only after receiving a confirmed customer order?
Answer: Make-to-order (MTO)
Make-to-order (MTO) is a manufacturing strategy where production begins only after a confirmed customer order is received, reducing finished goods inventory.