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Question 269 - CSCP discussion

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Effective data acquisition for supply chain management requires:

A.
establishment of market standards for forecasting accuracy.
Answers
A.
establishment of market standards for forecasting accuracy.
B.
establishment of a six-segment matrix classifying function and innovation.
Answers
B.
establishment of a six-segment matrix classifying function and innovation.
C.
identification of products that have market predictability.
Answers
C.
identification of products that have market predictability.
D.
identification of the proper supply chain profile for the product type.
Answers
D.
identification of the proper supply chain profile for the product type.
Suggested answer: D

Explanation:

Effective data acquisition for supply chain management involves identifying the proper supply chain profile for the product type. This means understanding the characteristics and requirements of the product, such as demand variability, lead times, and service level expectations, and aligning the supply chain processes accordingly. Different products may require different supply chain strategies, such as lean for stable products and agile for variable demand products. Accurate profiling helps in tailoring data acquisition and management practices to support efficient and responsive supply chain operations.

Fisher, M.L. (1997). What Is the Right Supply Chain for Your Product? Harvard Business Review.

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

asked 16/09/2024
Chris Carter
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