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BUAD 331- Mod. 13 Which of the following is the primary issue enterprise systems are designed to address? -Business process standardization -Information fragmentation -Lack of control over personnel work tasks -None of the above - correct answer Information fragmentation Which ERP vendor e...

BUAD 331 Final Exam Agility - correct answer The firm's ability to quickly adjust tactics and operations within its supply chain to respond or adapt to both positive & negative changes in its environment SCM Agility - correct answer Alertness, Accessibility, Decisiveness, Swiftness & Flexibilit...

BUAD 331 Final ExamWhy might a company consider expanding its supply chain internationally? A. To obtain access to lower-cost suppliers B. To take advantage of a skilled labor base in another country C. To support international expansion of sales D. To fend off competition from an international ...

BUAD 331: Final Exam regional economic integration - correct answer Agreements among countries in a geographic region to reduce and ultimately remove tariff and nontariff barriers to the free flow of goods, services, and factors of production between each other Free Trade Area - correct answer A...

BUAD 331 Final ExamWhy might a company consider expanding its supply chain internationally? - correct answer All of the above (To obtain access to lower-cost suppliers To take advantage of a skilled labor base in another country To support international expansion of sales To fend off competition ...

BUAD 331 FINAL EXAM REVIEW (terms & questions)Name the major challenges of Global SCM - correct answer Risk, raw material scarcity, complex governmental rules and regulations, environmental sustainability, coordination with global partners, cost pressure, local and regional consumer preferences Wha...

BUAD 331 Final Exam (Exam 4 Portion)Patagonia "Cause no unnecessary harm" Example - correct answer 1. Fix sustainability by going deep into the supply chain→ Suppliers 2. Farms supplying down feathers to Patagonia were force feeding Geese to fatten their livers for foie gras 3. Brokers chargin...

BUAD 331 Exam 4Logistics Management - correct answer 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 r...

BUAD 331 Exam 4 Why might a company consider expanding its supply chain internationally? To obtain access to lower-cost suppliers To take advantage of a skilled labor base in another country To support international expansion of sales To fend off competition from an international competitor ...

BUAD 331 Exam 4 Knowledge Checkpoints Why might a company consider expanding its supply chain internationally? - correct answer To obtain access to lower-cost suppliers, to take advantage of a skilled labor base, to support international expansion of sales, and to fend off competition from an inter...

BUAD 331 Exam 3 Which of the following is not a technique for fulfilling customer orders? A. Supply cycle time B. Anticipate form, time, and place C. Full Postponement D. Make to stock, postpone time/place - correct answer A. Supply cycle time Define order cycle time. A. The total cost of o...

BUAD 331 Exam 3 Define order cycle time. The total cost of ownership combined with the customer value of a product The total elapsed time from when the customer first recognizes need to when that need is ultimately fulfilled The total elapsed time from when the customer first orders the pr...

BUAD 331 exam 3Total Relevant Value = - correct answer Total Cost of Ownership + Customer Value Focuses the organization on creating optimal desired value for customers of choice and optimal profit for the supply chain The Order Cycle - correct answer Where demand meets supply order cycle I...

BUAD 331 Exam 3 UTKThe order Cycle - correct answer process around the interface between customer demand creation and supply chain creation of form, time, and place value to fulfill that demand Focal Point of The Order Cycle - correct answer the agreement between an organization and a customer to...

BUAD 331 Exam 3 (Knowledge Checks)which of the following is not a technique for fulfilling customer orders? - correct answer supply cycle time define order cycle time - correct answer total elapsed time from when the customer recognizes need to when that need is ultimately fulfilled the differ...

BUAD 331 Exam 3 - Modules 13, 14, 15Lead time - correct answer The elapsed time from recognition of need until product is available for use or resale Supply chain order cycle time - correct answer - The Summation of all the individual cycle times in the supply chain - The time it takes to enti...

BUAD 331 Exam 2 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 - correct answer B. False Which of the following is NOT an area in which successful supply managers need expert...

BUAD 331 Exam 2purchasing professionals - correct answer manage all of the firm's buyer-supplier relationships and serve internal customers who work in other functions in the organization procurement/supply management - correct answer strategic approaches and processes used to secure needed inpu...

BUAD 331 Exam 2 study guide what type of material has many sources of supply and is mostly low value, small individual transactions? - correct answer Non-Critical When are supplier evaluation and selection decisions initiated? - correct answer During routine market testing Which of the follow...

BUAD 331 Exam 2 (mod. 9)______ + ______ = Rate bargaining power when negotiating rates. -Volume + Consistency -Technology + Consistency -Rates + Consistency -Volume + Good Relationships -Volume + Value Density - correct answer Volume + Consistency Carriers will give you better rates if you...

BUAD 331 Exam 2 (Knowledge Checks)office supplies for an automobile manufacturer would fit in the supply and commodity category titled "Indirect Materials Office Supply Product category" (t/f) - correct answer true you are in charge of buying a new make and model of work computers for the entir...

BUAD 331 Exam 1Supply Chain Management refers to: A. The comprehensive management of networks of suppliers B. The meaningful integration of service with customer fulfillment C. The collaboration between operations and suppliers D. The management of up and downstream relationships with suppliers ...

BUAD 331 Exam 1 Study Guide Lead Gap Time - correct answer Supply Chain Lead Time - Customer's Order Cycle Time Supply Chain Lead Time - correct answer procurement, manufacturing, and delivery of order Customer's Order Cycle Time - correct answer Time that the customer is prepared to wait o...

BUAD 331 Exam #4Why might a company consider expanding its supply chain internationally? - correct answer To obtain access to lower-cost suppliers To take advantage of a skilled labor base in another country To support international expansion of sales To fend off competition from an international...

BUAD 331 exam #2Sourcing is the inputs (or things we buy), including materials, sub-assembled components, equipment, and services, that are required to create value. - correct answer False Which of the following is NOT an area in which successful supply managers need expertise? - correct answer C...

BUAD 331 Exam #1 Which Statement best describes what a supply chain is? A. the loose collection of companies that sell and buys products and services to each other B. simple series of suppliers, manufacturers, and retailers that have no alignment C. A chain of one-to-one business linkages that s...

BUAD 331 Clicker questionsTrue or False: If you work as a professional salesperson, your goal is to get customers to buy things they don't need - correct answer false What is the most popular way to compensate professional salespeople? - correct answer Salary + Something If you were a markete...

BUAD 331 Chapter 1Essence of Business - correct answer Generate and manage customer demand by fulfilling or supplying customer demand Porter's Value Chain - correct answer Providing value to customers that will result in profit and market share Supply Chain Management Activities - correct ans...

BUAD 331 - Test 3: 13, 14, 15 What is the summation of all individual cycle times from the point of origin to point of consumption in the supply chain to plan, source, make, and deliver form, time, and place value called? Supply Chain Order Cycle Time T or F: Short Term Forecasting tends to b...

BUAD 331 - Test 2 Top line contributions by the purchasing function include which of the following? a. Cost cutting b. Supply base reduction c. Leveraging d. Involvement in new product development e. All of the above - correct answer d. Involvement in new product development When are supp...

BUAD 331 - Quiz 2 ____________ is part of the supply chain involved in managing the forward and reverse flow and storage of goods, services and related information between the point of origin and the point of consumption to meet customers' requirements. Procurement Logistics Transportat...

BUAD 331 - Module Quizzes According to the concept of Market Driven Supply Chain, directly before you define customer service objectives, you first should: - correct answer Segment Customers Among the following examples, which refers most closely to the place utility that supply chains provide? ...