Certified Supply Chain Professional (CSCP) Practice Exam

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Prepare for the Certified Supply Chain Professional Exam with a comprehensive quiz featuring multiple choice questions and essential study material. Gain the knowledge and confidence needed to excel in your certification journey!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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What attributes characterize efficiency-focused supply chains?

High product variety and market responsiveness
Low forecast error and low product variety
Increased inventory levels and high transportation costs
Flexibility and high customization

The correct answer is: Low forecast error and low product variety

Efficiency-focused supply chains are designed to minimize costs while maintaining a consistent level of service. The core attributes of such supply chains include low forecast error and low product variety. Low forecast error ensures that inventory levels are optimized, reducing the chances of excess stock or stockouts, which can incur significant costs. This precision in forecasting allows for more predictable operations and can lead to streamlined production scheduling, more efficient use of resources, and reduced waste. Furthermore, low product variety aligns with the goal of efficiency by enabling organizations to standardize processes, which leads to economies of scale. By focusing on a limited range of products, companies can maximize utilization of assets and simplify their supply chain operations, thus cutting down on complexities that might drive up costs. This contrasts with supply chains that prioritize flexibility and customization, which typically require higher levels of inventory and more complex logistics, making them less efficient from a cost perspective.