Exam (elaborations)
477 Exam Questions and Complete Solutions Graded A+
- Course
- Institution
477 Exam Questions and Complete Solutions Graded A+
[Show more]
Content preview
477 ExamQuestions and
Complete Solutions
Graded A+
Denning [Date] [Course title]
,what is scm - Correct Answer: processes necessary to manage materials from their point of origin
through manufacturing and shipping to the final customer. consists of 3 channels
forecasting+sourcing+manu+dist+c satis=scm
what are the 3 channels of scm - Correct Answer: transaction: $ and legal
(how they will receive pymt and/or goods, choice of countries)
dist: delivery of goods
(suppliers further away means incr. cycle times, decr. predictability -> safety stock, diversify suppliers,
more long-term planning)
documentation and communication: info focused on timing
(different commercial infrastructure availabilities, choice of countries)
processes in scm - Correct Answer: materials mgmt, physical diet, strategic planning, channel mgmt,
coordination with 3PL/suppliers/retailers, implementation of IT
where did logistics begin - Correct Answer: military
two types of trade - Correct Answer: merchandise (manu and agri prod) [4X as big]
service (tourism, fin, transp, insurance, IT) - invisible
who is the #1 merchandise trader - Correct Answer: US
18th century - Correct Answer: absolute advantage - country is able to produce more efficiently than
others - adam smith
19th century - Correct Answer: comparative advantage - country can produce with a lower opportunity
cost than others - david ricardo
, 20th century - Correct Answer: postwar: factor endowment(land, labor, capital, entrepreneurship) -
hecksher and ohlin
growth pd: international product life cycle
21st century - Correct Answer: cluster (a strategic view) and focus on customer service is now
paramount
drivers of globalization - Correct Answer: market force (high to low in costs and prices when gains
outweigh losses, competition in cust satisfaction can lead to economies of scale/scope and first mover
advantage)
tech changes (www, moors law, IT, containers, biz models [ie frnachises])
role of global institutions to facilitate (IMF, WTO, World Bank, ICC)
competitive environment
building capabilities (functional strategy)
liberalization and standardization - Correct Answer: Bretton Woods: IMF, World Bank,
GATT>WTO
Treaty of Rome: EU
NAFTA
UN Special Agencies (IMO) and Conventions (CISG- sale of goods)
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller YourExamplug. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67096 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now