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BUAD 331 Module 8 Exam Questions With Verified Answers

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BUAD 331 Module 8 Exam Questions With Verified Answers Techniques required to shorten lead times in the supply chain enable _________ ____________ to demand. greater responsiveness Organizations are trying to ramp up the value they create while __________ _______. cutting time Product ...

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  • July 1, 2024
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  • 2023/2024
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BUAD 331 Module 8 Exam Questions With
Verified Answers
Techniques required to shorten lead times in the supply chain enable _________ ____________ to
demand.
greater responsiveness


Organizations are trying to ramp up the value they create while __________ _______.
cutting time


Product Life Cycle
stages from intro to market, initial stages growth, product maturity, to decline stage


What are the four stages in the product life cycle?
introductory, growth, maturity, decline


What is the best type of supply chain for introductory and growth stages?
responsive


What is the best type of supply chain for maturity and decline stages?
lean


What are the drivers of time based competition?
shortening product life cycle, volatile markets, reduced inventory to release holding costs


What is the pipeline value management goal?
to reduce length of supply chain and speed up cycle


Supply Chain Order Cycle Time
summation of all individual cycle times, the time it takes from point of origin to point of consumption


Pipeline Management links __________________________ to ____________________________.
supply chain order cycle times to value requirements of the market


Value Added Time
percent total cycle time a product is actually worked on


How much is the normal VAT for a company?
5%


Nonvalue Added Time
percent total cycle time product is waiting to have time, form and place value


NVAT is often the result of a firm's _______________________.

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