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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 30 - CSCP discussion

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After identifying the potential causes for delays in communicating demand information up the supply chain, the trading partners should take which of the following actions?

A.
Implement a higher-speed data communications network.
Answers
A.
Implement a higher-speed data communications network.
B.
Change procedures so data is communicated more frequently.
Answers
B.
Change procedures so data is communicated more frequently.
C.
Identify the root causes for the delays.
Answers
C.
Identify the root causes for the delays.
D.
Map and analyze the value stream.
Answers
D.
Map and analyze the value stream.
Suggested answer: C

Explanation:

Before implementing any solutions, it's essential to understand the underlying issues causing delays in communicating demand information up the supply chain. Identifying the root causes allows for targeted and effective interventions. This process typically involves thorough analysis, potentially using tools like root cause analysis (RCA) or the five whys technique to systematically determine the fundamental reasons behind the delays. Once the root causes are known, appropriate actions can be taken to address them directly, ensuring a more efficient and reliable flow of information.

Slack, N., Chambers, S., & Johnston, R. (2010). Operations Management. Pearson Education.

Stevenson, W. J. (2018). Operations Management. McGraw-Hill Education.

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asked 16/09/2024
Jovin Jose
32 questions
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