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Free CTSC Exam Braindumps (page: 16)

Page 15 of 38
PDF with 151 Questions

A company has completed the forecasting portion of its digital transformation. It is now forecasting a probabilistic range of possible outcomes for each item versus a one-number forecast for each item. How should it assess this outcome?

  1. This is a negative and expected result.
  2. This is a negative and unexpected result.
  3. This is a positive and expected result.
  4. This is a positive and unexpected result.

Answer(s): C

Explanation:

According to the CTSC Exam Content Manual1, probabilistic forecasting is one of the key capabilities of the sense digital discipline, which aims to capture and analyze data from various sources to generate insights and foresights for decision making. Probabilistic forecasting provides a range of possible outcomes for each item, along with the associated probabilities, rather than a single point estimate. This allows the company to better understand the uncertainty and variability of the demand and supply, and to plan accordingly. Probabilistic forecasting is a positive and expected result of the digital transformation, as it enhances the accuracy and reliability of the forecasts, and enables more effective risk management and scenario analysis.

1: https://www.ascm.org/ctsc-ecm/



When developing supply chain performance objectives and aligning the performance drivers to the strategic plan, the initial steps in the workflow include:

  1. conducting a strategic supply chain analysis, performing benchmarking, and gathering insights.
  2. executing the strategic plan and meeting the performance objectives.
  3. comparing and validating completeness against the SCOR model.
  4. performing a gap analysis between performance objectives and current performance.

Answer(s): A

Explanation:

According to the CTSC Ex-am Content Manual1, the initial steps in the workflow for developing supply chain performance objectives and aligning the performance drivers to the strategic plan are:
conducting a strategic supply chain analysis, performing benchmarking, and gathering insights. These steps help to identify the current state of the supply chain, the gaps and opportunities for improvement, and the best practices and benchmarks from the industry and competitors. They also help to align the supply chain objectives with the business strategy and the customer needs.
1: https://www.ascm.org/ctsc-ecm/



Which of the following actions is considered one of the SCORmark benchmarking steps?

  1. Compare the four balanced business perspectives.
  2. Set up industry benchmarks for returns processes.
  3. Conduct supply chain risk assessment and evaluate supply chain resilience.
  4. Develop company-specific roadmaps for improving supply chain performance.

Answer(s): C

Explanation:

According to the CTSC Exam Content Manual1, conducting supply chain risk assessment and evaluating supply chain resilience is one of the SCORmark benchmarking steps. This step involves identifying and analyzing the potential risks and vulnerabilities that could affect the supply chain performance, and measuring the supply chain's ability to recover from disruptions and adapt to changing conditions. This step helps to improve the supply chain's robustness and agility, and to mitigate the impact of uncertainties and shocks.
1: https://www.ascm.org/ctsc-ecm/



What operational framework references a pull system that includes visual cards to represent a work item?

  1. Agile
  2. Crystal
  3. Scrum
  4. Kanban

Answer(s): D

Explanation:





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According to the CTSC Exam Content Manual, Kanban is an operational framework that references a pull system that includes visual cards to represent a work item. Kanban cards are used to signal the demand and supply of work, and to limit the work in progress. Kanban cards are typically displayed on a Kanban board, which shows the stages of the workflow and the status of each work item. Kanban is a method to optimize the flow of value and improve efficiency and agility in a process.
1: https://www.ascm.org/ctsc-ecm/






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