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A company finds that one of its warehouses is out of capacity to store products. Expanding the physical size of the warehouse is not an option. The most appropriate solution would be to increase the:
The purpose of price differentiation is to:
In a make-or-buy decision, if the product is modular and the company is dependent on knowledge and capacity, outsourcing most likely will be:
A company's annual cost of goods sold is $350 million, and inventory carrying cost is 18%. The company averages four inventory turns. The cost savings resulting from increasing inventory turns from four to six would be:
Throughout most of the supply chain, safety stock will be de-emphasized as a result of improved:
The practice of supply chain members acting in close collaboration while retaining independent ownership is known as:
A company considers moving a portion of its production to a distant country to support a major customer. Which of the following actions is most effective in mitigating the risk of financial loss in the event of a global economic downturn?
Which of the following types of risk typically would be most difficult to plan for and mitigate?
For an item with high profit impact and low supply risk, what would be a likely procurement strategy to support the overall supply strategy?
Which of the following elements typically is considered to be an output of demand planning?

Question 2 - CSCP discussion

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A group of trading partners that produce and distributes supplies to commercial and industrial customers has decided to pursue competitive advantage by being responsive to customers' needs. The most appropriate positioning of safety stock to support this initiative would be at:

A.
a central warehouse for each market segment.
Answers
A.
a central warehouse for each market segment.
B.
the distribution centers (DCs) closest to the customers.
Answers
B.
the distribution centers (DCs) closest to the customers.
C.
each node in the distribution channel.
Answers
C.
each node in the distribution channel.
D.
each production facility.
Answers
D.
each production facility.
Suggested answer: B

Explanation:

Positioning safety stock at distribution centers (DCs) closest to customers supports responsiveness by reducing lead times and ensuring that products are readily available to meet customer demands. This strategy allows the company to quickly respond to fluctuations in demand and maintain high service levels. It aligns with the goal of competitive advantage through customer responsiveness by minimizing the time it takes to get products from the warehouse to the customer, thus enhancing customer satisfaction.

Christopher, M. (2016). Logistics & Supply Chain Management. Pearson.

Simchi-Levi, D., Kaminsky, P., & Simchi-Levi, E. (2008). Designing and Managing the Supply Chain: Concepts, Strategies, and Case Studies. McGraw-Hill Education.

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asked 16/09/2024
Newton Vela
39 questions
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