BUAD 331 Study guides, Class notes & Summaries

Supply chain management refers to a relatively new business phenomenon: correct answer: the management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole Which of the following is not an element of the integrated supply chain for General Mills' Honey Nut Cheerios? correct answer: dairy cow farmers The "Great Divide" in the supply chain occurs between correct answer: demand-focused activitie...

Logistics Management correct answers is the part of SCM that plans, implements, and controls the efficient, effective, forward and reverse flow and storage of goods, services, and related information between the point of origin and the point of consumption in order to meet customer requirements Supply Chain Management correct answers the management of upstream and downstream relationships with suppliers and customers in order to deliver superior customer value at less cost to the supply chain...

lue received, bias toward heavy use of cost metrics, focus on internal definitions of customer service "red flags" that signal a mismatch between supply and demand - answerfocus on the reduction of per unit SCM definition - answerthe systematic coordination of purchasing, manufacturing management, and distribution upstream with suppliers and downstream to customers Traditional cost accounting procedures allocate costs to customers based upon: - answerthe percent of total sales represen...

BUAD 331 Final Exam Questions And Answers (Verified And Updated) Paradigm Change for business competition - answerForm, time, place, exchange --> Creating value Porter Chain Value - answerInbound logistics, operations, outbound logistics, sales, service (primary activities) -Supplier base--> Integrated enterprise --> market/ distribution network Integrated Supply Chain Management - answerTraditional business coordination with particular organization within the supply chain for p...

Buad 331 Final Exam Questions And Answers (Verified And Updated) What Events can result in a supply chain disruption? Natural disasters like floods Supplier bankruptcy Plant fire at a supplier All the above - answerAll of the above Which of the following was not discussed as examples of disruption impacts? - answerManagement stress and turnover A strike has just occurred at a key supplier. Which phase is the firm most likely dealing with? - answerPre due date phase When determining th...

BUAD 331 Final Exam Questions And Answers (Verified And Updated) How does Zara use its supply chain capabilities to generate competitive advantage? - answerspeeding cycle times of new fashions from design to store shelf to ensure the trendiest fashions SCM refers to a relatively new business phenomenon of: - answerthe management of up + downstream relationships with suppliers + customers to deliver superior customer value at less cost to the supply chain as a whole Which of the following...

BUAD 331 Exam Questions And Answers (Verified And Updated) Ted is approached by a diving goods supplier who tells him that he can reduce his purchasing price by half with ensured quality due to his lower cost structure resulting from his manufacturing locations in China. Should Ted accept the supplier's offer and why? a.) Yes, cutting the purchase cost by half can provide Ted's products great competitive price in the market. b.) Yes, ensured quality can reduce product defects and hence ...

BUAD 331 Module 8 Exam Questions With Verified Answers Techniques required to shorten lead times in the supply chain enable _________ ____________ to demand. - answergreater responsiveness Organizations are trying to ramp up the value they create while __________ _______. - answercutting time Product Life Cycle - answerstages from intro to market, initial stages growth, product maturity, to decline stage What are the four stages in the product life cycle? - answerintroductory, growth, ma...

BUAD 331 Final Exam Questions With Verified Answers Why might a company consider expanding its supply chain internationally? 1) To obtain access to lower-cost suppliers 2) To take advantage of a skilled labor base in another country 3) To support international expansion of sales 4) To fend off competition from an international competitor 5) All of the above - answerall of the above What is the biggest cause of difficulties in working with another culture? 1) Language differences 2) Dif...

BUAD 331 Exam 2 Questions And Answers (Verified And Updated) Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. A. True B. False - answerB. False Which of the following is NOT an area in which successful supply managers need expertise? A. Technologies B. Customers C. Suppliers D. Processes E. Resources - answerB. Customers When purchasing and supply management works well within an organ...

define what supply chain is? business discipline responsible for buying everything an organization needs to function, converting it into a form that customers might want to use, and getting it to where customers live and work what are examples of early innovators to utilize supply chain management techniques? walmart, toyota, dell what does a supply chain consist of? organizations, people, activities, information, and resources involved in moving a product or service form the origins of su...

How does Zara use its supply chain capabilities to generate competitive advantage? Speeding cycle times of new fashions from design to store shelf to ensure the trendiest fashions. Supply chain management refers to: the integrated management of business functions within and across organizations Which of the following companies refers to itself as a "technology company merged with a supply chain"? Amazon How does supply chain management create value? Form, time, place The "Great Di...