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Question 361 - CSCP discussion

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Which of the following techniques typically is most effective for controlling variability of demand in a supply chain?

A.
Holding consignment inventory at a customer's location
Answers
A.
Holding consignment inventory at a customer's location
B.
Holding additional stock at the distributor's location
Answers
B.
Holding additional stock at the distributor's location
C.
Closer monitoring of product promotions at the retailer
Answers
C.
Closer monitoring of product promotions at the retailer
D.
Centralizing demand information
Answers
D.
Centralizing demand information
Suggested answer: C

Explanation:

Supply chain event management (SCEM) facilitates greater collaboration in a maturing supply chain by:

Real-Time Visibility: SCEM systems provide real-time tracking and monitoring of supply chain events, enabling stakeholders to respond promptly to changes and disruptions.

Enhanced Communication: By providing a platform for information sharing, SCEM improves communication and collaboration between suppliers, manufacturers, and distributors.

Proactive Management: SCEM tools allow for the identification of potential issues before they become significant problems, supporting proactive rather than reactive management.

Improved Decision-Making: Access to timely and accurate data through SCEM supports better decision-making and more efficient supply chain operations.

Stadtler, H. (2015). Supply Chain Management and Advanced Planning: Concepts, Models, Software, and Case Studies. Springer.

Hugos, M. (2018). Essentials of Supply Chain Management. Wiley.

asked 16/09/2024
Brent Varona
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