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SCM 303 Ch. 11 QUESTIONS AND 100% CORRECT ANSWERS
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SCM 303 Ch. 11 QUESTIONS AND 100%CORRECT ANSWERS
Organizational plans must be directed to major factors and key ____ in order for success
to continue long into the future. - ANSWER Actions, actions
This level of decisions shape the specific department and are related to the distribution
of internal resources. - ANSWER Function
What follows is a major barrier supply managers can confront in forming an appropriate
supply strategy. - ANSWER Translating organizational objectives into supply objectives.
Ensuring an organization complies with all of their environmental responsibilities falls
under corporate ________ goals. - ANSWER Sustainability
What are the major issues that supply managers face in the development of objectives
and strategies? - ANSWER 1) Identifying problems from supply objectives and providing
input to the organizational objectives.
2) Translating corporate objectives into supply objectives.
3) Choosing the proper plan or course of action to achieve objectives.
Strategic planning provides organizations a way to - ANSWER Achieve specific
long-term goals and objectives for an organization.
A supply strategy has ____ major categories to consider when developing strategic
plans. - ANSWER 6
The three levels of strategic planning are - ANSWER Corporate, business unit, and
function.
, Supply chain management risks can be classified into categories of - ANSWER
Reputation, financial, and operational.
Organizational objectives normally fall into four categories of survival, ________,
_________, and __________. - ANSWER Sustainability, growth, and financial.
Supply chain operational risks can be separated into which two factors? - ANSWER
Events that are directly within the supplier's capability, and events that are beyond the
supplier's control.
Organizational financial objectives can include - ANSWER Total budget size, total
expected revenue, and increase in return on assets.
Changes that occur within an organizations strategy will create ____ within the supply
strategy. - ANSWER Changes
Financial risks include supply disruptions that are directly associated with the changes
in the ____ of a good or service. - ANSWER Price
Assurance-of-supply - ANSWER Ensure future needs are met.
Cost-reduction - ANSWER Reduce the prices of purchased supplies.
Supply chain support - ANSWER Better communication between buyers and sellers.
Environmental-change - ANSWER Understand changes in the environment and
regulatory controls.
Competitive-edge - ANSWER Exploiting market opportunities.
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