CPP Supply Chain Management Flashcards
6 cards from real CPP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CPP Supply Chain Management flashcards as text
What is the primary goal of supply chain management in procurement?
Answer: Optimize the flow of goods, information, and finances from source to end customer
Supply chain management aims to optimize the entire flow of goods, information, and finances from raw materials through to the final customer.
Which supply chain model is specifically designed to respond quickly to unpredictable demand?
Answer: Agile supply chain
An agile supply chain is built for speed and flexibility to respond quickly to volatile or unpredictable demand patterns.
What does the 'bullwhip effect' describe in supply chain management?
Answer: Demand amplification upstream caused by small downstream demand fluctuations
The bullwhip effect describes how minor fluctuations in consumer demand get increasingly amplified as orders move upstream through the supply chain.
What is 'supply chain visibility' primarily concerned with?
Answer: Real-time tracking and monitoring of goods and information across the supply chain
Supply chain visibility is the ability to track and monitor products, inventory, and information in real time across all supply chain tiers.
Which of the following best describes a 'tier 1 supplier'?
Answer: A supplier that directly provides goods or services to the buying organization
A tier 1 supplier has a direct contractual relationship with the buying organization, as opposed to suppliers further up the chain.
What is the purpose of a Supply Chain Risk Management (SCRM) plan?
Answer: To identify, assess, and mitigate risks that could disrupt supply chain operations
An SCRM plan proactively identifies, assesses, and develops mitigation strategies for risks that could disrupt supply chain continuity.