Selected CSCP Supply Chain Professional Questions Answers

• Context: Charging different prices for the same service in different market segments involves understanding the value derived from different customer groups.
• Options Breakdown:
• Correct Answer Justification: LCV provides insight into how much value different customer segments bring to the company over time, allowing businesses to tailor pricing strategies to maximize profitability from each segment.

References:

• Marketing and pricing strategy literature
• Studies on customer value and segmentation

• Context: Sharing demand and consumption patterns among supply chain participants is crucial for effective supply chain management.
• Options Breakdown:
• Correct Answer Justification: Effective sharing of demand and consumption data leads to coordinated planning and operational activities, ensuring that supply chain activities are well-aligned with actual market demands.

References:

• Supply chain integration literature
• Case studies on demand-driven supply chain management

• Context: A global product is no longer appearing profitable, requiring senior management to take action.
• Options Breakdown:
• Correct Answer Justification: By analyzing product profitability by market segment, senior management can make informed decisions on whether to focus efforts on more profitable segments, adjust strategies, or discontinue specific segments.

References:

• Marketing and profitability analysis literature
• Case studies on strategic decision-making for product lines