Certified Supply Chain Professional (CSCP) Practice Exam

Disable ads (and more) with a membership for a one time $2.99 payment

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!

Start Multiple Choice Practice Test
Start Flash Cards

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!

Practice this question and more.

What parameters are included in stockout frequency?

  1. Average cost of inventory and recovery time

  2. Average time to recover item from stockout and percentage of items that are in stockout

  3. Percentage of customer complaints and average order processing time

  4. Percentage of total sales declined and average sales price

The correct answer is: Average time to recover item from stockout and percentage of items that are in stockout

The selection of the parameters related to stockout frequency is accurate because it encompasses both the average time needed to recover from a stockout and the percentage of items that are experiencing stockouts. These two metrics provide a comprehensive view of how frequently stockouts occur and how long it typically takes for inventory to be replenished once a stockout has taken place. Understanding the average time to recover from a stockout is crucial, as it indicates the efficiency of inventory replenishment processes and supply chain responsiveness. Additionally, knowing the percentage of items in stockout helps organizations understand the extent of inventory issues and customer dissatisfaction resulting from these stockouts. By focusing on these parameters, businesses can identify trends and causal factors linked to stockouts, enabling them to make informed decisions about inventory management, production planning, and customer service strategies. Collectively, these insights assist in minimizing the occurrence of stockouts and enhancing overall operational efficiency.

More Questions Like This