APICS Exam CSCP Topic 1 Question 70 Discussion

Actual exam question for APICS's CSCP exam

Question #: 70
Topic #: 1

[All CSCP Questions]

Which of the following factors is the key determinant of safety stock for finished goods?

AForecast variance

BMean absolute deviation (MAD)

CStandard deviation

DDesired service level

Show Suggested Answer

Suggested Answer: B

by Jamal at May 26, 2023, 11:18 AM

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Thad

27 days ago

Safety stock? More like 'safety snacks' if you ask me. I'm just going to stock up on some extra cookies and hope for the best.

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Serina

30 days ago

This question is a real brain-teaser! I'm torn between C) Standard deviation and D) Desired service level. Guess I'll have to flip a coin on this one.

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Val

4 days ago

I'm leaning towards C) Standard deviation as the main factor for safety stock calculation.

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Denise

20 days ago

I believe it's actually A) Forecast variance that plays a crucial role in determining safety stock.

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Ronald

21 days ago

I think the key determinant of safety stock for finished goods is D) Desired service level.

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Evangelina

1 months ago

B) Mean absolute deviation (MAD) is the way to go. It gives you a better idea of the average deviation from the forecast, which is crucial for safety stock planning.

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Reiko

9 days ago

D) Desired service level is another factor to take into account when planning for safety stock.

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Marshall

14 days ago

C) Standard deviation can also play a role in calculating safety stock levels.

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Shawna

23 days ago

A) Forecast variance is also important to consider when determining safety stock for finished goods.

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Sheldon

1 months ago

D) Desired service level is the key, isn't it? You want to make sure you have enough inventory to meet customer demand, no matter what.

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Edison

9 days ago

A) Forecast variance plays a role too, you need to account for uncertainty in demand.

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Reita

1 months ago

But what about A) Forecast variance? Shouldn't that also play a role in determining safety stock?

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Aliza

1 months ago

I agree with Josue, because safety stock is directly related to meeting customer demand.

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Josue

2 months ago

I think the key determinant is D) Desired service level.

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Lourdes

2 months ago

But what about A) Forecast variance? Doesn't that also play a role in determining safety stock?

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Kristeen

2 months ago

I agree with Ria, because the desired service level directly impacts the safety stock.

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Kris

2 months ago

C) Standard deviation seems like the obvious choice here. I mean, the higher the variability in demand, the more safety stock you'll need to keep things running smoothly.

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Cecil

17 days ago

B) Mean absolute deviation (MAD) is often used in conjunction with standard deviation to calculate safety stock.

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Vannessa

17 days ago

C) Standard deviation is definitely a key factor in calculating safety stock levels.

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Buck

21 days ago

D) Desired service level is crucial too, you need to balance between having enough safety stock and not overstocking.

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Katheryn

22 days ago

A) Forecast variance is also important to consider when determining safety stock.

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Elmer

29 days ago

C) Standard deviation is definitely important, but don't forget about the mean absolute deviation (MAD) as well.

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Aracelis

1 months ago

A) Forecast variance plays a role too, you need to consider how accurate your forecasts are.

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Ria

2 months ago

I think the key determinant is D) Desired service level.

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