CSCM-001 exam

What is the function of a demand planning system in supply chain management?A . Managing warehouse inventoryB . Coordinating supplier deliveriesC . Forecasting customer demandD . Reducing production timesView AnswerAnswer: C

Which of the following best describes a justintime inventory system?A . Maintaining high inventory levels to meet demandB . Keeping inventory levels low and only ordering as neededC . Using predictive analytics to manage inventoryD . Centralizing all inventory in one locationView AnswerAnswer: B

What is a strategic alliance in the context of supply chain management?A . A temporary partnership for specific projectsB . A longterm collaboration between companies to achieve mutual goalsC . An informal agreement without formal contractsD . A competitive relationship with suppliersView AnswerAnswer: B

How does vendormanaged inventory (VMI) benefit companies?A . By reducing supplier responsibilityB . By increasing inventory holding costsC . By improving inventory accuracy and reducing stockoutsD . By limiting supplier information accessView AnswerAnswer: C

What is the purpose of supply chain benchmarking?A . To set lower performance standardsB . To compare performance against industry best practicesC . To limit innovationD . To decrease competitive advantageView AnswerAnswer: B

Which of the following enhances supplier performance monitoring?A . Reducing communication with suppliersB . Implementing a supplier scorecard systemC . Increasing supplier turnoverD . Decreasing supplier auditsView AnswerAnswer: B

How can companies reduce lead times in their supply chains?A . By increasing the number of suppliersB . By streamlining production processesC . By expanding their product rangeD . By decentralizing inventory managementView AnswerAnswer: B

Which strategy helps mitigate supply chain disruptions?A . Relying on a single supplierB . Diversifying the supplier baseC . Reducing inventory buffersD . Limiting supply chain visibilityView AnswerAnswer: B

What is the main benefit of adopting a cloudbased supply chain management system?A . Increased manual processesB . Enhanced scalability and data accessibilityC . Higher IT maintenance costsD . Limited data storage capacityView AnswerAnswer: B

How can supply chain managers improve demand accuracy?A . Ignoring market trendsB . Utilizing historical data and predictive analyticsC . Relying solely on supplier forecastsD . Reducing customer interactionView AnswerAnswer: B