Supply Chain Planning and Strategy Flashcards
6 cards from real Supply Chain and Logistics practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 Supply Chain Planning and Strategy flashcards as text
What is Sales and Operations Planning (S&OP)?
Answer: A cross-functional process that aligns demand, supply, and financial plans
S&OP integrates demand forecasting, supply planning, and financial planning to align the whole organization on one operating plan.
What is the bullwhip effect in supply chains?
Answer: Increasing demand variability amplification moving upstream through a supply chain
The bullwhip effect describes how small fluctuations in consumer demand escalate into large swings in orders placed with upstream suppliers.
What does demand forecasting involve in supply chain planning?
Answer: Predicting future customer demand to guide production, procurement, and inventory decisions
Demand forecasting uses historical data, market trends, and statistical models to predict future sales and guide supply chain planning.
What is supply chain visibility?
Answer: The ability to track products, inventory, and orders in real time across the supply chain
Supply chain visibility provides real-time data on inventory locations, order statuses, and supplier activities to enable proactive decision-making.
What is a supply chain disruption?
Answer: An unexpected event that interrupts the normal flow of goods, information, or finances in a supply chain
Supply chain disruptions—caused by natural disasters, geopolitical events, supplier failures, or pandemics—interrupt product flow and require contingency responses.
What is the SCOR model used for in supply chain management?
Answer: A reference framework for analyzing and improving supply chain performance across plan, source, make, deliver, return, and enable processes
The Supply Chain Operations Reference (SCOR) model provides a standardized framework for evaluating and improving supply chain processes and metrics.